Showing 51 - 60 of 164,166
experiment. The clickstream analysis shows that for each product catalog the standard equal weights model is outperformed by at … least one of the weighting models. The user experiment shows that users seem to have a different notion of product …
Persistent link: https://www.econbiz.de/10013152658
This article specifies, analyzes, and validates a rigorous and practical truth-telling mechanism (game) for conjoint applications. The mechanism requires only one real product variation and has truth telling in conjoint as its Bayesian Nash equilibrium, thus making it possible to incentive align...
Persistent link: https://www.econbiz.de/10012775723
experiment. The clickstream analysis shows that for each product catalog the standard equal weights model is outperformed by at … least one of the weighting models. The user experiment shows that users seem to have a different notion of product …
Persistent link: https://www.econbiz.de/10010837641
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10010269485
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10010271362
Much of economics assumes that higher incentives increase participation in a transaction only because they exceed more … costly, higher incentives also change reservation prices to further increase participation. A higher incentive makes people …. Hence, incentives change not only what people choose, but also what they believe their choices entail. This result informs …
Persistent link: https://www.econbiz.de/10011588031
We estimate the distribution of television advertising elasticities and the distribution of the advertising return on investment (ROI) for a large number of products in many categories. Our results reveal substantially smaller advertising elasticities compared to the results documented in the...
Persistent link: https://www.econbiz.de/10013247715
A central challenge in estimating the causal effect of TV advertising on demand is isolating quasi-random variation in advertising. Political advertising, which topped $14 billion in expenditures in 2016, has been proposed as a plausible source of such variation and thus a candidate for an...
Persistent link: https://www.econbiz.de/10012848914
I examine how financial incentives interact with intrinsic motivation and especially cognitive abilities in explaining …-powered financial incentives as a stimulator of economic performance can be moderated by cognitive abilities in a causal fashion … incentives in a unifying framework, with implications for the design of efficient incentive schemes. …
Persistent link: https://www.econbiz.de/10005866579
This paper extends existing evidence on the interaction between financial incentives and cognitive capital. I focus on … situated in an accounting setting, I show that both financial incentives and task-specific cognitive capital, and especially … stronger under performance-based financial incentives as compared to flatrate incentives. The interaction effect arises because …
Persistent link: https://www.econbiz.de/10005866583