Showing 1 - 10 of 157
We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action …. Subsidizing disclosure costs can perversely lead to less disclosure but more experimentation …
Persistent link: https://www.econbiz.de/10014544761
learning and policy recommendation in advisory committees. We quantify the effectiveness of advisory panels, and evaluate …
Persistent link: https://www.econbiz.de/10015056111
maker has learned? The key constraint we impose, which is shared across models of Bayesian learning, is that any learning … Dean 2015) and the NIAS condition (Caplin and Martin 2015) to allow for arbitrary learning. We apply our framework to show … how identification of what was learned can be strengthened with additional assumptions on the form of Bayesian learning …
Persistent link: https://www.econbiz.de/10013537767
We provide semiparametric identification results for a broad class of learning models in which continuous outcomes …
Persistent link: https://www.econbiz.de/10014486255
This paper develops a transparent, simplified version of Carnehl and Schneider (2025)'s model of knowledge creation. Our tractable framework, which yields closed-form solutions for key welfare trade-offs, preserves the essential economic mechanisms while eliminating mathematical complexity. We...
Persistent link: https://www.econbiz.de/10015409847
Consumer reviews, especially those expressing concerns of product quality, are crucial for the credibility of online platforms. However, reviews that criticize a product or service may also dissuade buyers from using the platform, creating an incentive to blur the visibility of critical reviews....
Persistent link: https://www.econbiz.de/10014436986
Given police abolitionism's new visibility after the 2020 racial justice protests, we assess stakeholder beliefs on the protests' stock impacts on police-affiliated firms. Experts generally underestimate the firms' stock gains, except situated experts like community organizers and police...
Persistent link: https://www.econbiz.de/10014436988
products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures …
Persistent link: https://www.econbiz.de/10014437003
This paper studies how investing in venture capital (VC) affects the entrepreneurial outcomes of individual limited partners (LPs). Using comprehensive administrative data on entrepreneurial activities and VC fundraising and investments in China, we first document that individual LPs, on...
Persistent link: https://www.econbiz.de/10014437028
In over-the-counter (OTC) markets, customers search for counterparties. Little is known about this process, however, because existing data is comprised of transaction records, which are only informative about the end of a successful search. Leveraging data from the leading trading platform for...
Persistent link: https://www.econbiz.de/10014437035