Showing 1 - 10 of 45
Personal experience matters. In a field setting with longitudinal data, we disentangle the effects of learning new … learning new information, significantly boosts future compliance. We also show that experience with a large fine boosts …
Persistent link: https://www.econbiz.de/10010990441
the prior distribution, and the learning model involves Bayesian updating of these Lagrange multipliers/prior. This …. These results show that regret is a natural means by which robust decision making and learning can be combined. <i …
Persistent link: https://www.econbiz.de/10010990462
A common justification for organizational change is that the circumstances in which the organization finds itself have changed, thereby eroding the value of utilizing existing knowledge. On the surface, the claim that organizations should adapt by generating new knowledge seems obvious and...
Persistent link: https://www.econbiz.de/10010990471
Sustaining operational productivity in the completion of repetitive tasks is critical to many organizations' success. Yet research points to two different work-design-related strategies for accomplishing this goal: <i>specialization</i> to capture the benefits of repetition and <i>variety</i> (i.e., working...
Persistent link: https://www.econbiz.de/10010990493
(continuous-time) model of gradual learning, in which consumers incur search costs to learn further product information, and … of the product, heterogeneous importance of attributes, endogenous intensity of search, and social learning. <i …
Persistent link: https://www.econbiz.de/10010990569
Some environments constrain the information that managers and decision makers can observe. We examine judgment in <i>censored environments</i> where a constraint, the <i>censorship point</i>, systematically distorts the observed sample. Random instances beyond the censorship point are observed at the...
Persistent link: https://www.econbiz.de/10010990587
Backward induction is a widely accepted principle for predicting behavior in sequential games. In the classic example of the "centipede game," however, players frequently violate this principle. An alternative is a "dynamic level-k" model, where players choose a rule from a rule hierarchy. The...
Persistent link: https://www.econbiz.de/10010990591
We report on a field study demonstrating systematic differences between the preferences people anticipate they will have over a series of options in the future and their subsequent revealed preferences over those options. Using a novel panel data set, we analyze the film rental and return...
Persistent link: https://www.econbiz.de/10009209058
learning curve (LC) provides1988 Department of Industrial Engineering and a means to observe and track that improvement. At … a theory. Our approach is based on learning cycles, that is, in each period management takes an action to improve the … differential equation that not only characterizes continuous improvement but also reveals how learning might occur in the learning …
Persistent link: https://www.econbiz.de/10009209099
No abstract available.
Persistent link: https://www.econbiz.de/10009209314