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The role of social interactions in modifying individual behavior is central to many fields of social science. In education, one essential aspect is that “good” peers can potentially improve students’ academic achievement, career choices, or labor market outcomes later in life. Indeed,...
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Based on a correspondence experiment covering 3,124 fictitious job applications, the paper identifies and quantifies …. The experiment reveals that duration dependence manifests itself in a sharp decline of 26% to 35% in callbacks when an …
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We develop a field experiment that assesses whether advertising can serve as a signal that enhances consumers …' evaluations of advertised goods. We implement the experiment on a mobile search platform that provides listings and reviews for an … platform; and ratings of those that advertised during the experiment are found to be higher two years later. Taken together, we …
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content is not likely to be informative about the advertised product or the company. In our main experiment, we found that …
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The problem of choosing an optimal toolkit day after day, when the distribution of values of different toolkits is uncertain and can only be observed by carrying different toolkits, is a multi-armed bandit problem with non-independent arms. Accordingly, except for very simple specifications,...
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This paper continues our study of heuristics employed to choose dynamically tools to put in a toolkit, where the value of any tool can be discovered only by choosing it. This is a multi-armed bandit problem with “arms” that are not independent, hence it is a problem for which the optimal...
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