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Decentralization, Communication, and the Origins of Fluctuations

Angeletos, George-Marios - 2011

because decentralized trading impedes communication and, in so doing, opens the door to self-fulfilling beliefs despite the … uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

Persistent link: https://www.econbiz.de/10012461597

Bayesian Persuasion

Kamenica, Emir - 2009

When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...

Persistent link: https://www.econbiz.de/10012463109

How will Generative AI impact Communication?

Gans, Joshua - National Bureau of Economic Research - 2024

This paper examines the impact of Generative AI (GAI) on communication through the lens of salience and signalling … pure signalling model, GAI may hinder effective communication by making it harder to distinguish high-quality messages …. The analysis reveals that while GAI can increase communication by reducing costs, it may also disrupt traditional …

Persistent link: https://www.econbiz.de/10014635653

Generation Next : Experimentation with AI

Charness, Gary; Jabarian, Brian; List, John A. - National Bureau of Economic Research - 2023

We investigate the potential for Large Language Models (LLMs) to enhance scientific practice within experimentation by identifying key areas, directions, and implications. First, we discuss how these models can improve experimental design, including improving the elicitation wording, coding...

Persistent link: https://www.econbiz.de/10014372436

Mean Reversion in Randomized Controlled Trials : Implications for Program Targeting and Heterogeneous Treatment Effects

Alsan, Marcella; Cawley, John H.; Doyle, Joseph J.; … - National Bureau of Economic Research - 2025

Eligibility criteria for interventions can induce an Ashenfelter Dip, and subsequent mean-reversion may result in improvement over time even absent the intervention. We investigate these dynamics for a food-as-medicine program to treat diabetes, where eligibility required elevated hemoglobin A1c...

Persistent link: https://www.econbiz.de/10015195015

Linear Estimation of Global Average Treatment Effects

Faridani, Stefan; Niehaus, Paul - National Bureau of Economic Research - 2024

We study the problem of estimating the average causal effect of treating every member of a population, as opposed to none, using an experiment that treats only some. We consider settings where spillovers have global support and decay slowly with (a generalized notion of) distance. We derive the...

Persistent link: https://www.econbiz.de/10015171720

Revenue-Sharing Teams with Remote Workers

Dutcher, E. Glenn; Saral, Krista Jabs - National Bureau of Economic Research - 2024

Remote work policies remain controversial because of the perceived opportunity for increased shirking outside of the traditional office; a problem that is potentially exacerbated if employees work in a revenue-sharing team environment. Using a controlled experiment, where individuals are...

Persistent link: https://www.econbiz.de/10015171722

Gender Composition and Group Behavior : Evidence from US City Councils

Brito Rebolledo, Emilia; Bruhn, Jesse; Choon, Thea How; … - National Bureau of Economic Research - 2024

How does gender composition influence individual and group behavior? To study this question empirically, we assembled a new, national sample of United States city council elections and digitized information from the minutes of over 40,000 city-council meetings. We find that replacing a male...

Persistent link: https://www.econbiz.de/10015171626

Toward an Understanding of the Political Economy of Using Field Experiments in Policymaking

Briscese, Guglielmo; List, John A. - National Bureau of Economic Research - 2024

Field experiments provide the clearest window into the true impact of many policies, allowing us to understand what works, what does not, and why. Yet, their widespread use has not been accompanied by a deep understanding of the political economy of their adoption in policy circles. This study...

Persistent link: https://www.econbiz.de/10015171642

The Impact of Team Incentives on Performance in Graduate School : Evidence from Two Pilot RCTs

List, John A.; Shah, Rohen - National Bureau of Economic Research - 2022

In organizations, teams are ubiquitous. "Weakest Link" and "Best Shot" are incentive schemes that tie a group member's compensation to the output of their group's least and most productive member, respectively. In this paper, we test the impact of these incentive schemes by conducting two pilot...

Persistent link: https://www.econbiz.de/10013362028