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Social Learning and Strategic Pricing with Rating Systems
Chen, Chia‐Hui; Chen, Kong-Pin; Ishida, Junichiro - 2023
Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...
Persistent link: https://www.econbiz.de/10014345170
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Optimal feedback dynamics against free-riding in collective experimentation
Chen, Chia-hui; Eraslan, Hülya; Ishida, Junichiro; … - 2024
forward-looking, their incentive to wait and see other agents' experiences poses a significant obstacle to social learning. We …
Persistent link: https://www.econbiz.de/10015047806
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Hierarchical experimentation
Chen, Chia-hui; Ishida, Junichiro - 2015
We consider a bandit problem faced by a team of two heterogeneous players. The team is hierarchical in that one (the principal) retains the exclusive right to terminate the project while the other (the agent) focuses strictly on implementing the project assigned to him. As a key departure, we...
Persistent link: https://www.econbiz.de/10011343543
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An Entry Game with Learning and Market Competition
Chen, Chia-Hui - 2018
model features both private learning about the market condition and market competition, which give rise to the first …
Persistent link: https://www.econbiz.de/10012908804
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Hierarchical Experimentation
Chen, Chia-Hui - 2015
We consider a bandit problem faced by a team of two heterogeneous players. The team is hierarchical in that one (the principal) retains the exclusive right to terminate the project while the other (the agent) focuses strictly on implementing the project assigned to him. As a key departure, we...
Persistent link: https://www.econbiz.de/10013014110
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Pioneer, early follower or late entrant : entry dynamics with learning and market competition
Chen, Chia-hui; Ishida, Junichiro; Mukherjee, Arijit - 2021
their rivals while the possibility of learning make them cautiously wait for others to take action. This combination amounts …
Persistent link: https://www.econbiz.de/10012503468
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An entry game with learning and market competition
Chen, Chia-hui; Ishida, Junichiro; Mukherjee, Arijit - 2018
model features both private learning about the market condition and market competition, which give rise to the first …
Persistent link: https://www.econbiz.de/10011921916
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A war of attrition with experimenting players
Chen, Chia-hui; Ishida, Junichiro - 2017
A standard incomplete-information war of attrition is extended to incorporate experimentation and private learning. We … efficient player can get the better end of the deal, implying that slow learning can be a blessing in this type of competition …
Persistent link: https://www.econbiz.de/10011756011
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Social learning and strategic pricing with rating systems
Chen, Chia-hui; Chen, Kong-pin; Ishida, Junichiro - 2023
Despite widespread use in online transactions, rating systems only provide summary statistics of buyers' diverse opinions at best. To investigate the consequences of this coarse form of information aggregation, we consider a dynamic lemons market in which buyers share their evaluations...
Persistent link: https://www.econbiz.de/10014233329
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Pioneer, Early Follower or Late Entrant : Entry Dynamics with Learning and Market Competition
Chen, Chia‐Hui; Ishida, Junichiro; Mukherjee, Arijit - 2021
their rivals while the possibility of learning make them cautiously wait for others to take action. This combination amounts …
Persistent link: https://www.econbiz.de/10013230912