Brown, Alexander L.; Camerer, Colin F.; Lovallo, Dan - In: American Economic Journal: Microeconomics 4 (2012) 2, pp. 1-26
Film studios occasionally withhold movies from critics before their release. These cold openings provide a natural setting to apply laboratory-developed models of limited strategic thinking to the field. In a set of 1,303 widely released movies, cold opening is correlated with a 10-30 percent...