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role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties … through learning. It is shown that the negative conclusion with respect to the role of learning derived for risk neutrality …
Persistent link: https://www.econbiz.de/10010234539
in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …, reduces quality, and increases in-pocket income of team managers. -- incentives ; attention ; salience ; communication ; field …
Persistent link: https://www.econbiz.de/10009514750
News reports and communication are inherently constrained by space, time, and attention. As a result, news sources …
Persistent link: https://www.econbiz.de/10012171711
mediated by learning. Using administrative data from speed cameras that capture the full driving histories of more than a … and temporary salience effects. Instead, it supports a learning model in which agents update their priors on the expected … punishment in a ‘coarse’ manner. Additional results indicate that learning from law enforcement affects drivers’ behavior more …
Persistent link: https://www.econbiz.de/10012154923
speed of employer learning, since RDD coefficients are direct estimates of (differences in) expectation errors. …
Persistent link: https://www.econbiz.de/10011757770
distinct dishonesty games, we analyze how dishonesty in men and women is influenced by either thinking or learning about the … influence on participants' beliefs about the dishonesty of others in the game that they themselves play. Learning is induced by …
Persistent link: https://www.econbiz.de/10014232853
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10003872189
How should we evaluate the welfare implications of improvements to safety technologies in the presence of offsetting behavior? We model this problem as a symmetric game in which each player's payoff depends on his own action and the average action of the other players, and analyze under which...
Persistent link: https://www.econbiz.de/10010354804
This article studies whether people want to control which information on their own past pro-social behavior is revealed to other people. Participants in an experiment are assigned a color which depends on their own past pro-sociality. They can then spend money to increase or decrease the...
Persistent link: https://www.econbiz.de/10011966892
I study an indefinitely repeated game where firms differ in size. Attempts to form cartels in such an environment, for example by rationing outputs in a manner linked to firm size differences, have generally struggled. Any successful cartel has to set production shares in a manner that ensures...
Persistent link: https://www.econbiz.de/10011847549