This note provides sufficient conditions for the existence of equilibrium in a class of extended Bayesian persuasion models. We consider a framework in which a single sender discloses public information to n receivers. After observing the sender’s signal, the receivers update their beliefs to...

Meritocracy is a prominent fairness view in many societies, but often difficult to apply because there is limited information about the source of inequality. This paper studies theoretically and empirically how limited information affects inequality acceptance. We connect the literatures on...

Gender differences in self-confidence could explain women's under representation in high-income occupations and glass-ceiling effects. We draw lessons from the economic literature via a survey of experts and a Bayesian hierarchical model that aggregates experimental findings over the last twenty...

In this paper we exploit properties of the likelihood function of the stochastic volatility model to show that it can be approximated accurately and efficiently using a response surface methodology. The approximation is across the plausible range of parameter values and all possible data and is...

In recent years, sustainability in supply chains is becoming increasingly more important, and deploying accurate enablers for achieving sustainability is a considerable issue. In this study, a data-driven method is employed to effectively select the enablers of the sustainable supply chain...

This paper suggests a new normative approach for combining beliefs. We call it the evidence-first method. Instead of aggregating credences alone, as the prevailing approaches, we focus instead on eliciting a group's full probability distribution on the basis of the evidence available to its...

To study the effect of congestion on the fundamental trade-off between diagnostic accuracy and speed, we empirically test the predictions of a formal sequential testing model in a setting where the gathering of additional information can improve diagnostic accuracy, but may also take time and...

New products are highly valued by manufacturers and retailers due to their vital role in revenue generation. Product life cycle curves often vary by their shapes and are complicated by promotional activities that induce spiky and irregular behaviors. We collaborate with JD.com to develop a...

We analyze the regulation of false statements in the presence of Bayesian audiences. We find that: (a) Often, moderate sanctions are optimal even though strict sanctions can fully deter all false statements; (b) the existence of separating equilibria—where only truthful statements are...