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作者:Kormylo, Cameron; Adjerid, Idris; Ball, Sheryl; Dogan, Can
作者单位:University of Notre Dame; Virginia Polytechnic Institute & State University; Virginia Polytechnic Institute & State University; Radford University
摘要:Failing to follow expert advice can have real and dangerous consequences. While any number of factors may lead a decision maker to refuse expert advice, the proliferation of algorithmic experts has further complicated the issue. One potential mechanism that restricts the acceptance of expert advice is betrayal aversion, or the strong dislike for the violation of trust norms. This study explores whether the introduction of expert algorithms in place of human experts can attenuate betrayal avers...
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作者:Kumar, Vineet; Sudhir, K.
作者单位:Yale University
摘要:A critical element of word of mouth (WOM) or buzz marketing is to identify seeds, often central actors with high degree in the social network. Seed identification typically requires data on the relevant network structure, which is often unavailable. We examine the impact of WOM seeding strategies motivated by the friendship paradox, which can obtain more central nodes without knowing network structure. Higher degree nodes may be less effective as seeds if these nodes communicate less with neig...
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作者:Zheng, Hong; Tian, Lin; Li, Guo
作者单位:Beijing Institute of Technology; Fudan University
摘要:Unlike traditional products, data have unique traits that make their trading a novel retail activity with distinct operational dynamics. Data evaluation is a situation in which a data buyer can ascertain the value of data from a seller. However, as indicated by Arrow's information paradox, the intangible nature of data presents significant challenges to data evaluation, particularly in data trading between competitors, a scenario that is becoming increasingly common and relevant. Although offe...
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作者:Douthit, Jeremy D.; Hewitt, Max; Sauciuc, Ashley K.
作者单位:University of Arizona; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要:Employees working in teams often fail to coordinate because of strategic uncertainty, i.e., difficulty predicting their colleagues' actions. Using an incentivized economic experiment, we examine the potentially beneficial effects of a ubiquitous competitive incentive-individual relative performance evaluations (RPE)-in reducing strategic uncertainty and improving team output. When employees work in highly interdependent teams and are motivated by team incentives, we predict that individual RPE...
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作者:Uppari, Bhavani Shanker; Zorc, Sasa
作者单位:Singapore Management University; University of Virginia
摘要:Millions of people in poverty lack access to basic services such as energy, clean water, and cooking gas. Private firms are increasingly delivering these services-for example, by offering solar home systems or clean cooking packages with remote lockout capabilities-through pay-as-you-go (PAYGo) contracts that give consumers flexibility over payment timing and amount to match their erratic cash flows. Because firms cannot observe consumer liquidity, however, consumers may misuse this flexibilit...
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作者:Xiao, Yangge; Hu, Zhenyu; Wang, Shouqiang
作者单位:University of Melbourne; National University of Singapore; University of Texas System; University of Texas Dallas
摘要:A principal delegates a sequential search with finite search opportunities to an agent, who bears the search cost and controls how far to search. The termination payoff is split between them according to a prespecified proportion. In our setting, only the principal can evaluate the search outcomes and design a policy to decide what information to provide to the agent after each search. Formulating the principal's problem as a dynamic information design, we obtain a complete analytical characte...
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作者:Zhao, Yue; Luo, Zhixing; Lim, Stanley Frederick W. T.; Chen, Caihua; Sim, Melvyn
作者单位:Peking University Shenzhen Graduate School (PKU Shenzhen); Peking University; Nanjing University; Michigan State University; Michigan State University's Broad College of Business; National University of Singapore
摘要:In this research, we focus on improving service-oriented routing by addressing the nuanced challenge of punctuality through the consideration of couriers' ability to ensure on-time deliveries. We utilize a comprehensive real-world data set from a cold chain logistics firm for analysis. Our empirical investigation indicates that relying solely on travel distance is inadequate for accurate delivery time prediction. We highlight critical elements, including couriers' fixed effects and workload, a...
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作者:Giannetti, Mariassunta; Jasova, Martina; Loumioti, Maria; Mendicino, Caterina
作者单位:Stockholm School of Economics; European Corporate Governance Institute; Swedish House of Finance; Columbia University; University of Texas System; University of Texas Dallas; European Central Bank
摘要:Using confidential information on banks' portfolios, we show that banks that emphasize the sustainability of their lending policies in their disclosures do not exhibit a reduced environmental impact and, if anything, they extend a higher volume of credit to brown borrowers, without charging higher interest rates, shortening debt maturity, or requiring more collateral. These results cannot be attributed to the financing of borrowers' transition toward greener technologies. Examining the mechani...
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作者:Denrell, Jerker; Luukkonen, Jerry; Chater, Nick; Liu, Chengwei
作者单位:University of Warwick; Imperial College London
摘要:Knowledge sharing is central to strategy and organizational learning, yet its effect on knowledge production remains underexplored. When knowledge diffuses too easily, individuals may free ride on others' costly knowledge production, creating a suboptimal equilibrium in which knowledge sharing persists but the average payoff is no greater than if everyone produced knowledge independently-the so-called Rogers' paradox. We develop a game-theoretic model to re-examine this puzzle. In our baseline...
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作者:Jacobs, Kris; Mai, Anh Thu; Pederzoli, Paola
作者单位:University of Houston System; University of Houston; Purdue University System; Purdue University Northwest
摘要:We identify latent demands in index option markets using a sign-restricted vector autoregression (VAR) and highlight the bias from treating (equilibrium) net demand as exogenous. Market-maker and end-user demand curves are far from infinitely elastic as assumed by some models, but elasticities exceed existing estimates for equities. Characterizing demand curves provides insights into the structure of index option markets. Deteriorating market conditions are associated with right shifts of the ...