This paper studies the adaptive learning dynamics over multiple locations. Our focus is to show that, to observe the average performance of other locations is necessary or efficient. Through the analysis of information structure, the result about convergence and stochastic stability can be...

Gaze direction and the facial expression of emotion are the two most important facial cues in non-verbal communication. This research involves three eye tracking experiments to investigate the joint effects of facial expression (neutral/happy) and gaze direction (direct/averted) of models on...

This paper explores the issue of understanding time-varying relative risk aversion with household-level data. First, we derive an analytic form for a parsimonious portfolio choice model with the preference given by Greenwood, Hercowitz and Huffman (1988, GHH), and then, the analytical solution...

This article presents the first in-depth analysis of voting behavior within Decentralized Autonomous Organizations (DAOs) by examining over 4,963 voting events through a combination of quantitative and qualitative research methods. DAOs have gained popularity among blockchain entrepreneurs and...