We investigate learning-by-doing in the newsvendor inventory problem. An earlier study observed that decision makers tend to anchor orders away from the expected profit maximizing order. We study enhancements to the learning environment suggested by the behavioral literature. Extended experience...

An extensively studied model of public goods provision implies that government donations to charity crowd out private donations dollar-for-dollar. Field studies fail to verify this result. Several analysts argue that the problem lies with the specification of donor preferences. We report on a...