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markets, and respond strategically to biases, such as regret aversion. We find they can employ herding as a behaviorally … a suboptimal status quo. Herding can improve decision making when people observe the choices of professionals and …
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This paper presents the results from a 2.3 million person field experiment that varies whether or not a job seeker sees the number of applicants for a job posting on a large job posting website, LinkedIn. This intervention increases the likelihood that a person will finish an application by...
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This paper examines ¯nite parimutuel betting games with asymmetric information, with par-ticular attention to di®erences between sequential and simultaneous settings, and betweenfully rational and myopic (\price taking") behavior. In the simultaneous parimutuel market,all (symmetric and...
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