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Monetary Policy in the Information Economy
Woodford, Michael - 2001
-bank actions, and argues that the management of expectations will become even more important to effective monetary policy. The …
Persistent link: https://www.econbiz.de/10012470041
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The Impact of Information Technology on the Diffusion of New Pharmaceuticals
Arrow, Kenneth J. - 2017
dataset to evaluate how changes in physician access to a decision-relevant drug database affect prescribing decisions. Our …
Persistent link: https://www.econbiz.de/10012455424
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Patent Citations and International Knowledge Flow : The Cases of Korea and Taiwan
Hu, Albert G.Z. - 2001
This paper examines patterns of knowledge diffusion from US and Japan to Korea and Taiwan using patent citations as an indicator of knowledge flow. We estimate a knowledge diffusion model using a data set of all patents granted in the U.S. to inventors residing in these four countries....
Persistent link: https://www.econbiz.de/10012470190
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Keep It Simple : A Field Experiment on Information Sharing in Social Networks
Batista, Cátia - 2018
SMS information campaigns are increasingly used for policy. To investigate their effectiveness, we conduct a lab-in-the-field experiment to study information sharing through mobile phone messages. Subjects are rural households in Mozambique who have access to mobile money. In the base treatment,...
Persistent link: https://www.econbiz.de/10012480563
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Specific and General Information Sharing Among Academic Scientists
Häussler, Carolin - 2009
We provide theoretical and empirical evidence on the factors that influence the willingness of academic scientists to share research results. We distinguish between two types of sharing, specific sharing in which a researcher shares her data or materials with another and general sharing in which...
Persistent link: https://www.econbiz.de/10012463335
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Climbing Atop the Shoulders of Giants : The Impact of Institutions on Cumulative Research
Furman, Jeffrey L. - 2006
While the cumulative nature of knowledge is recognized as central to economic growth, the microeconomic foundations of cumulativeness are less understood. This paper investigates the impact of a research-enhancing institution on cumulativeness, highlighting two effects. First, a selection effect...
Persistent link: https://www.econbiz.de/10012466142
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Foresight and Information Flows
Leeper, Eric M. - 2011
News--or foresight--about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading example...
Persistent link: https://www.econbiz.de/10012461706
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Dynamics of Information Exchange in Endogenous Social Networks
Acemoglu, Daron - 2010
We develop a model of information exchange through communication and investigate its implications for information aggregation in large societies. An underlying state determines payoffs from different actions. Agents decide which others to form a costly communication link with incurring the...
Persistent link: https://www.econbiz.de/10012462246
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Prediction, Judgment and Complexity : A Theory of Decision Making and Artificial Intelligence
Agrawal, Ajay K. - 2018
. In this paper, we explore the consequences of improved prediction in decision-making. To do so, we adapt existing models … of decision-making under uncertainty to account for the process of determining payoffs. We label this process of … on whether the improvements in prediction enable automated decision-making. We discuss the implications of improved …
Persistent link: https://www.econbiz.de/10012453471
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Quantifying Lottery Choice Complexity
Enke, Benjamin; Shubatt, Cassidy - National Bureau of Economic Research - 2023
We develop interpretable, quantitative indices of the objective and subjective complexity of lottery choice problems that can be computed for any standard dataset. These indices capture the predicted error rate in identifying the lottery with the highest expected value, where the predictions are...
Persistent link: https://www.econbiz.de/10014372434