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Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence
Agrawal, Ajay K. - 2018
. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …
Persistent link: https://www.econbiz.de/10012453471
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Hall of Mirrors : Corporate Philanthropy and Strategic Advocacy
Bertrand, Marianne - 2018
Politicians and regulators rely on feedback from the public when setting policies. For-profit corporations and non-pro t entities are active in this process and are arguably expected to provide independent viewpoints. Policymakers (and the public at large), however, may be unaware of the...
Persistent link: https://www.econbiz.de/10012480980
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Enabling Entrepreneurial Choice
Agrawal, Ajay K. - 2020
Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...
Persistent link: https://www.econbiz.de/10012481574
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How do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
Bundorf, Kate - 2019
consumer choice among complex financial products using data from a randomized, controlled trial of decision support software … to participate. A model of consumer decision-making suggests that our intervention affected consumers' signals about both …
Persistent link: https://www.econbiz.de/10012479925
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The Role of Technological Change in Green Growth
Popp, David - 2012
By reducing the costs of environmental protection, technological change is important for promoting green growth. This entails both the creation of new technologies and more widespread deployment of existing green technologies. This paper reviews the literature on environmentally friendly...
Persistent link: https://www.econbiz.de/10012460155
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Managing Intelligence : Skilled Experts and AI in Markets for Complex Products
Gruber, Jonathan - 2020
-optimal. Our analysis leverages the large-scale implementation of an AI-based decision support tool in a private Medicare exchange … consumers $1260 on average. The addition of AI-based decision support improves outcomes by $278 on average and substantially … decision support associated with a 21% reduction in call time for enrollment …
Persistent link: https://www.econbiz.de/10012481995
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Representation is Not Sufficient for Selecting Gender Diversity
Baron, Justus A.; Ganglmair, Bernhard; Persico, Nicola; … - National Bureau of Economic Research - 2021
Representation of women and minorities in a "selectorate"--the group that chooses an organization's leaders--is a key mechanism for promoting diversity. We show that representation, on its own, is not sufficient for selecting gender diversity: a supportive organizational culture is also...
Persistent link: https://www.econbiz.de/10012510528
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Corporate Culture
Gorton, Gary; Grennan, Jill; Zentefis, Alexander K. - National Bureau of Economic Research - 2021
major contributions thus far. We argue that a theory of the firm and of corporate decision-making that is based on corporate …
Persistent link: https://www.econbiz.de/10012660000
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Social Progress and Corporate Culture
Gorton, Gary B. - 2019
Social progress through improved treatment of minority groups (the embrace of anti-racist and anti-sexist norms, for example) may or may not spread to corporate cultures through competition. Sometimes the market fails to adapt on its own and government must pass legislation to secure changes in...
Persistent link: https://www.econbiz.de/10012479440
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Corporate Culture as a Theory of the Firm
Gorton, Gary B. - 2020
Markets and firms offer contrasting methods to arrange production. In markets, contracts govern the purchase of parts and services that compose production. In firms, the shared values, customs, and norms coming from a corporate culture govern employees' joint development of those parts and...
Persistent link: https://www.econbiz.de/10012481548