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Product choice when consumers engage in social learning has significant implications on learning outcomes and on the information accumulation rate. In many practical settings, consumers can choose which product to buy, if any, among several possible alternatives. The quality of these products...
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We develop a continuum of stochastic dominance rules, covering preferences from first to second-order stochastic dominance. The motivation for such a continuum is that while decision makers have preference for "more is better," they are mostly risk averse but cannot assert that they would...
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We consider a Hotelling location game where retailers can choose one of a finite number of locations. Consumers have strict preferences over the possible available store locations and retailers aim to attract the maximum number of consumers. We prove that a pure strategy equilibrium exists if...
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