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(Pro-) Social Learning and Strategic Disclosure
Bénabou, Roland; Vellodi, Nikhil - National Bureau of Economic Research - 2024
We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclose their experiences to a public record,...
Persistent link: https://www.econbiz.de/10014544761
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Learning, Complementarities, and Asynchronous Use of Technology
Jovanovic, Boyan - 1997
a quality upgrade one of these inputs requires a period of learning before it can be used effectively, then in general … wasteful to tie up funds in the other inputs which will be underutilized until the date learning is over. We provide evidence …
Persistent link: https://www.econbiz.de/10012472958
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Directed Attention and Nonparametric Learning
Dew-Becker, Ian - 2017
, endogenous learning here eliminates that effect …
Persistent link: https://www.econbiz.de/10012453797
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
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Content Moderation with Opaque Policies
Kominers, Scott Duke; Shapiro, Jesse M. - National Bureau of Economic Research - 2024
A sender sends a signal about a state to a receiver who takes an action that determines a payoff. A moderator can block some or all of the sender's signal before it reaches the receiver. When the moderator's policy is transparent to the receiver, the moderator can improve the payoff by blocking...
Persistent link: https://www.econbiz.de/10014486247
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Security Analysis and the Collection of Hard and Soft Information
Ben-Rephael, Azi; Carlin, Bruce Ian; Da, Zhi; … - National Bureau of Economic Research - 2023
We use minute-by-minute Bloomberg online status microdata during 2017-2021 to directly study how hard and soft information collection affects equity analyst performance. Collection of hard information, proxied by office workday length, is positively associated with the quantity and timeliness of...
Persistent link: https://www.econbiz.de/10014447257
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Bayesian and Adaptive Optimal Policy under Model Uncertainty
Svensson, Lars E.O. - 2007
is unobserved, and he optimally learns from observations of the economy. This is a classic problem of learning and … of modern policy-relevant models. As in most Bayesian learning problems, the optimal policy typically includes an … approximation to the BOP. We provide some simple examples to illustrate the role of learning and experimentation in an MJLQ …
Persistent link: https://www.econbiz.de/10012465237
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Sequential or Simultaneous Elections? A Welfare Analysis
Hummel, Patrick - 2012
voting and social learning, we illustrate that sequential elections place too much weight on the preferences and information …
Persistent link: https://www.econbiz.de/10012460583
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Learning by Viewing? Social Learning, Regulatory Disclosure, and Firm Productivity in Shale Gas
Fetter, T. Robert - 2018
represent an understudied channel for this type of social learning. We study an environmentally-focused law in the shale gas …
Persistent link: https://www.econbiz.de/10012481048
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Information Acquisition in Rumor Based Bank Runs
He, Zhiguo - 2012
We study information acquisition and dynamic withdrawal decisions when a spreading rumor exposes a solvent bank to a run. Uncertainty about the bank's liquidity and potential failure motivates depositors who hear the rumor to acquire additional noisy signals. Depositors with less informative...
Persistent link: https://www.econbiz.de/10012460148