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I experimentally examine whether feedback about others' choices provides an anchor for decision-making under ambiguity. In a between-subjects design I vary whether subjects learn choices made individually by a "peer" in a first part when facing the same task a second time, and whether prospects...
Persistent link: https://www.econbiz.de/10010364762
The literature on learning in unknown environments emphasises reinforcing on actions which produce positive results. But, in some cases, success requires shifting from a currently successful actions to others. We examine, experimentally and theoretically in a very simple framework, how...
Persistent link: https://www.econbiz.de/10011517970
Testing whether risk professionals (here insurers) behave differently under risk and ambiguity when they cover catastrophic risks (floods and earthquakes) and non-catastrophic risks (fires), this paper reports the results of the first field experiment in the United States designed to distinguish...
Persistent link: https://www.econbiz.de/10013116360
Mere observation of others' choices can be informative about product quality. This paper develops an individual-level dynamic model of observational learning, and applies it to a novel data set from the U.S. kidney market where transplant candidates on a waiting list sequentially decide whether...
Persistent link: https://www.econbiz.de/10014054192
This study examines the insider trading profitability of the United State (US) firms, during calendar time windows that capture tropical storms over the period 1988-2017. Using event study and multivariate regression analyses, we analyze cumulative abnormal returns following insider trades as a...
Persistent link: https://www.econbiz.de/10013307014
potential for financial venture capital or public policy to meaningfully reintroduce vigor in CET innovation have been … venture capital in funding innovation in clean energy, especially in light of the lessons learned over the past decade in the … innovation …
Persistent link: https://www.econbiz.de/10013013465
The U.S. promotes and produces innovation through a wide range of interdependent institutions, ranging from the grant …" innovation is and in part on how amenable certain types of innovation are to certain forms of institutional provision. To put it … more concretely, (1) innovation is a public good that acts as an input for producing a wide range of dependent goods …
Persistent link: https://www.econbiz.de/10014066909
Persistent link: https://www.econbiz.de/10012668814
Chandlerian perspective, this work reports the main facts about firm entry and growth, with a particular focus on start … firm competitive advantages. This work shows that innovation and product differentiation, along with investments in co …
Persistent link: https://www.econbiz.de/10010328359
Persistent link: https://www.econbiz.de/10003997289