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experiences lower. Furthermore, our study is closely linked to the emerging literature of attribution bias in economics and … psychology and provides a scenario in which we can empirically test two leading theories of attribution bias. In our paper, we … restaurants on special occasions. This result can be explained by one theory of attribution bias according to which people have …
Persistent link: https://www.econbiz.de/10013218853
which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias … quality when its reports conform to the consumer's prior expectations. We use this fact to build a model of media bias in … emerges in our model even though it can make all market participants worse off. The model predicts that bias will be less …
Persistent link: https://www.econbiz.de/10014028528
We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely available information. To test for optimal information acquisition we compare the average...
Persistent link: https://www.econbiz.de/10014358835
reputation: “Reputation Failure.” By spotlighting the public-good nature of reviews, rankings, and even gossip, this Article … biases that systematically distort it. The Article argues that these distortions are inherent to most systems of reputation … and that they make reputation far less reliable than traditionally understood.The limits of reputation highlight the …
Persistent link: https://www.econbiz.de/10012851499
the Internet traffic and the Web graph indicated the scale-free structure of the Web and other Complex Networks. Going a …
Persistent link: https://www.econbiz.de/10014187040
We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...
Persistent link: https://www.econbiz.de/10014343755
We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...
Persistent link: https://www.econbiz.de/10014495025
Persistent link: https://www.econbiz.de/10011626411
In this paper, we analyze how different dimensions of a seller's reputation affect pricing power in electronic markets … structure dimensions of importance from feedback posted on reputation systems. By aggregating and scoring these dimensions based … on the sentiment they contain, we use them to estimate a series of econometric models associating reputation with price …
Persistent link: https://www.econbiz.de/10014027272
Persistent link: https://www.econbiz.de/10010392567