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-maker. We derive the researcher's equilibrium learning strategy by solving an auxiliary single-player problem. The attribute … excessive response to new information, she forgoes learning altogether. In an organizational context, we show that a manager …
Persistent link: https://www.econbiz.de/10015191554
Strategic learning self-efficacy reflects the confidence of managers in their ability to learn from the outcomes of … strategic learning self-efficacy and a firm's industry-adjusted sales growth rate and specifies strategic decision-making style … hypothesized relationships. Results indicate that strategic learning self-efficacy is not significantly related to firm growth as a …
Persistent link: https://www.econbiz.de/10015211900
Learning is crucial to organizational decision making but often needs to be delegated. We examine a dynamic delegation … the principal, privately learns the profitability over time and communicates to the principal. We formulate learning … delegation as a dynamic mechanism design problem and characterize the optimal delegation scheme. We show that private learning …
Persistent link: https://www.econbiz.de/10012587421
We present a geometric approach to the finite Rational Inattention (RI) model, recasting it as a convex optimization problem with reduced dimensionality that is well suited to numerical methods. We provide an algorithm that outperforms existing RI computation techniques in terms of both speed...
Persistent link: https://www.econbiz.de/10014496939
exposure or experience can cause learning and hence better detection of deception. We investigate using data culled from events … individual from within a group all claiming to be that individual. Our sample showed evidence of learning, suggesting that …
Persistent link: https://www.econbiz.de/10014517089
up learning but postponing capitalizes on the option value of waiting. We contrast the social optimum to the …
Persistent link: https://www.econbiz.de/10015332590
We study the design of contracts that incentivize experts to collect information and truthfully report it to a decision maker. We depart from most of the previous literature by assuming that the transfers cannot depend on the realized state or on the ex post payoff of the decision maker. The...
Persistent link: https://www.econbiz.de/10012806483
We consider a monopolistic certifier selling certification services to a partially privately informed seller. The certifier can enable the seller to disclose her private information publicly, as well as gather additional market information about the good's quality publicly. We show that the...
Persistent link: https://www.econbiz.de/10015053483
The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...
Persistent link: https://www.econbiz.de/10012803215
We study dynamic signaling in a game of stochastic stakes. Each period, a privately informed agent of binary type chooses whether to continue receiving a return that is an increasing function of both her reputation and an exogenous public stakes variable or to irreversibly exit the game. A...
Persistent link: https://www.econbiz.de/10013273761