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literature is that market experience is endogenous. This study presents a framed field experiment that exogenously induces market …
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which very negligible benefits are received by community members. Our theory predicts that the presence of such a “pass mark … significantly increase the incidence of free-riding, even when the theory predicts the opposite. In general, the mixed strategy Nash … that fit observed play in the laboratory much better than the earlier “steady state” theory predictions …
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This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
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Distribution waterfalls in partnership and LLC agreements often incorporate IRR hurdles. Many of those agreements define IRR with reference to Microsoft Excel's XIRR function. That function, if given the correct inputs, can guess an IRR with impressive accuracy. When repurposed to compute IRR...
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