-
作者：Ganguli, Ina; Huysentruyt, Marieke; Coq, Chloe Le
作者单位：University of Massachusetts System; University of Massachusetts Amherst; Stockholm School of Economics; Hautes Etudes Commerciales (HEC) Paris; Universite Paris-Pantheon-Assas
摘要：We conducted a field experiment to identify the causal effect of extrinsic reward cues on the sorting and performance of nascent social entrepreneurs. The experiment, carried out with one of the United Kingdom's largest support agencies for social entrepreneurs, encouraged 431 nascent social entrepreneurs to submit a full application for a grant competition that provides cash and in-kind mentoring through a one-time mailing sent by the agency. The applicants were randomly assigned to one of th...
-
作者：Gaertig, Celia; Simmons, Joseph P.
作者单位：University of Chicago; University of Pennsylvania
摘要：Prior research suggests that averaging two guesses from the same person can improve quantitative judgments, a phenomenon known as the wisdom of the inner crowd. In this article, we find that this effect hinges on whether people explicitly decide in which direction their first guess had erred before making their second guess. In nine studies (N = 8,465), we found that asking people to explicitly indicate whether their first guess was too high or too low before making their second guess made peo...
-
作者：Blaufus, Kay; Milde, Michael
摘要：Despite subjects being informed about tax rules before making saving decisions, we find-using laboratory experiments-that deferred taxation results in after-tax pensions that are approximately 25% lower compared with an economically equivalent immediate pension-tax system. This indicates substantial tax misperceptions. For subjects with low tax knowledge, tax misperceptions remain stable, even if they have gained experience. Tax misperceptions nearly disappear for all subjects only if we provi...
-
作者：Huang, Yi-Chieh; Kan, Kamhon; Tzeng, Larry Y.; Wang, Kili C.
作者单位：National Central University; Academia Sinica - Taiwan; National Taiwan University; National Taiwan University; National Chengchi University; Tamkang University
摘要：Knowing how small a violation of stochastic dominance rules would be accepted by most individuals is a prerequisite to applying almost stochastic dominance criteria. Unlike previous laboratory-experimental studies, this paper estimates an acceptable violation of stochastic dominance rules with 939,690 real world data observations on a choice of deductibles in automobile theft insurance. We find that, for all policyholders in the sample who optimally chose a low deductible, the upper bound esti...
-
作者：Balseiro, Santiago R.; Brown, David B.; Chen, Chen
作者单位：Columbia University; Duke University; University of Chicago
摘要：Motivated by applications in shared vehicle systems, we study dynamic pricing of resources that relocate over a network of locations. Customers with private willingness to pay sequentially request to relocate a resource from one location to another, and a revenue-maximizing service provider sets a price for each request. This problem can be formulated as an infinite-horizon stochastic dynamic program, but it is difficult to solve, as optimal pricing policies may depend on the locations of all ...
-
作者：Hong, L. Jeff; Huang, Zhiyuan; Lam, Henry
作者单位：Fudan University; Fudan University; University of Michigan System; University of Michigan; Columbia University
摘要：Robust optimization (RO) is a common approach to tractably obtain safe-guarding solutions for optimization problems with uncertain constraints. In this paper, we study a statistical framework to integrate data into RO based on learning a prediction set using (combinations of) geometric shapes that are compatible with established RO tools and on a simple data-splitting validation step that achieves finite-sample nonparametric statistical guarantees on feasibility. We demonstrate how our require...
-
作者：van Parys, Bart P. G.; Esfahani, Peyman Mohajerin; Kuhn, Daniel
作者单位：Massachusetts Institute of Technology (MIT); Delft University of Technology; Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne
摘要：We study stochastic programs where the decision maker cannot observe the distribution of the exogenous uncertainties but has access to a finite set of independent samples from this distribution. In this setting, the goal is to find a procedure that transforms the data to an estimate of the expected cost function under the unknown data-generating distribution, that is, a predictor, and an optimizer of the estimated cost function that serves as a near-optimal candidate decision, that is, a presc...
-
作者：Davis, Andrew M.; Gaur, Vishal; Kim, Dayoung
作者单位：Cornell University; California State University System; California State University Fullerton
摘要：We investigate how different types of social information affect the demand characteristics of firms competing through service quality. We first generate behavioral hypotheses around both consumers' learning behavior and firms' corresponding demand characteristics: market share, demand uncertainty, and rate of convergence. We then conduct a controlled human-subject experiment in which a consumer chooses to visit one of two firms, each with unknown service quality, in a repeated interaction and ...
-
作者：Law, Kelvin K. F.; Zuo, Luo
作者单位：Nanyang Technological University; Cornell University
摘要：We examine whether economic conditions have a long-term impact on the composition of available financial advisors in the profession. We find that financial advisors who start their career in recessions are less likely to commit professional misconduct throughout their career, even compared with their colleagues working in the same firm, at the same location, and at the same point in time. We show that this relation between early economic conditions and advisor misconduct remains after controll...
-
作者：Kawaguchi, Kohei
作者单位：Hong Kong University of Science & Technology
摘要：This paper develops a new algorithm for increasing the revenue in a dynamic product assortment problem. Then, it identifies the challenges faced by managers in practice and discusses the conditions under which workers follow the algorithm. To do so, I conducted a field experiment with a beverage vending machine business. The experiment shows that, on average, workers are reluctant to follow the algorithmic advice; however, the workers are more willing to conform once their forecasts are integr...
