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It's not my Fault! Self-Confidence and Experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10012018192
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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2018 - Current draft: October 8, 2018
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10011930663
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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019 - Current draft: October 8, 2018
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10011966912
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Non-Common Priors, Incentives, and Promotions: The Role of Learning
Fahn, Matthias; Klein, Nicolas - 2023
decreases over time and learning exacerbates his exploitation, unless he has been revealed to be talented. Therefore, the …
Persistent link: https://www.econbiz.de/10014377455
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Non-common priors, incentives, and promotions : the role of learning
Fahn, Matthias; Klein, Nicolas Alexandre - 2023
decreases over time and learning exacerbates his exploitation, unless he has been revealed to be talented. Therefore, the …
Persistent link: https://www.econbiz.de/10014292070
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Dynamic pricing in the presence of individual learning
Weng, Xi - In: Journal of Economic Theory 155 (2015) C, pp. 262-299
own experiences about the effectiveness of the product. Individual learning generates ex post heterogeneity, which affects … the buyers' purchasing decisions, the monopolist's pricing strategy, and efficiency. When learning occurs through good … exploration. When learning occurs through bad news signals, ex post heterogeneity has no such effect, since only homogeneous …
Persistent link: https://www.econbiz.de/10011189761
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Striking evidence: The impact of railway strikes on competition from intercity bus services in Germany
Beestermöller, Matthias Gerhard; Jessen-Thiesen, Levke; … - 2023
This paper investigates the impact of the largest rail strikes in German history on intercity buses - a then newly liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to show that the disruption in rail transport...
Persistent link: https://www.econbiz.de/10014305038
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Striking Evidence: The Impact of Railway Strikes on Competition from Intercity Bus Services in Germany
Beestermöller, Matthias; Jessen-Thiesen, Levke; … - 2023
This paper investigates the impact of the largest rail strikes in German history on intercity buses – a then newly liberalised market. Using unique booking data of bus services, we exploit variation in rail service cancellations across routes to show that the disruption in rail transport...
Persistent link: https://www.econbiz.de/10014377457
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Collaborating
Bonatti, Alessandro; Horner, Johannes - Cowles Foundation for Research in Economics, Yale University - 2009
This paper examines moral hazard in teams over time. Agents are collectively engaged in an uncertain project, and their individual efforts are unobserved. Free-riding leads not only to a reduction in effort, but also to procrastination. The collaboration dwindles over time, but never ceases as...
Persistent link: https://www.econbiz.de/10005000297
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Wald Revisited: The Optimal Level of Experimentation
Moscarini, Giuseppe; Smith, Lones - Cowles Foundation for Research in Economics, Yale University - 1998
This paper revisits Wald's (1947) sequential experimentation paradigm, now assuming that an impatient decision maker … irreversible action. We translate this natural discrete time experimentation story into a tractable control of variance for a … continuous time diffusion. Here we robustly characterize the optimal experimentation level: It is rising in the confidence about …
Persistent link: https://www.econbiz.de/10005762616