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Acemoglu, Daron - 2017

This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic … learning of the quality of a product and the speed of learning under different rating systems. A rating system provides … to leave a review as a function of her overall satisfaction. We study learning dynamics under two classes of rating …

Persistent link: https://www.econbiz.de/10012942715

Is it Live or is it Internet? Experimental Estimates of the Effects of Online Instruction on Student Learning

Figlio, David N. - 2015

This paper presents the first experimental evidence on the effects of live versus internet media of instruction … versus watching these same lectures in an internet setting, where all other factors (e.g., instruction, supplemental …-experimental analyses of internet instruction in higher education, we find modest evidence that live-only instruction dominates internet …

Persistent link: https://www.econbiz.de/10013038759

Social Learning and Coordination in High-Stakes Games : Evidence from Friend or Foe

Oberholzer-Gee, Felix; Waldfogel, Joel; White, Matthew W. - 2021

laboratory experiments. Strategic decisions on Friend or Foe change markedly if players can observe previous episodes. We show …

Persistent link: https://www.econbiz.de/10013232880

“Nash-in-Nash” Bargaining : A Microfoundation for Applied Work

Collard-Wexler, Allan - 2014

A “Nash equilibrium in Nash bargains” has become a workhorse bargaining model in applied analyses of bilateral oligopoly. This paper proposes a non-cooperative foundation for “Nash-in-Nash” bargaining that extends the Rubinstein (1982) alternating offers model to multiple upstream and...

Persistent link: https://www.econbiz.de/10013044612

Noisy Agents

Espinosa, Francisco - 2018

Agents signal their type in a principal-agent model; the principal seeks to retain good agents. Types are signaled with some ambient noise. Agents can choose to add or remove additional noise at a cost. It is shown that monotone retention strategies, in which the principal keeps the agent if the...

Persistent link: https://www.econbiz.de/10012918626

Bounded Rationality and Strategic Complementarity in a Macroeconomic Model : Policy Effects, Persistence and Multipliers

Bomfim, Antúlio N.; Diebold, Francis X. - 2021

Motivated by recent developments in the bounded rationality and strategic complementarity literatures, we examine an intentionally simple and stylized aggregative economic model, when the assumptions of fully rational expectations and no strategic interactions are relaxed. We show that small...

Persistent link: https://www.econbiz.de/10013222039

The Carbon Abatement Game

Hambel, Christoph - 2018

Climate change is one of the major global challenges. Mitigating its impact is however bedeviled by free-rider problems and external effects. We thus study the problem of optimal carbon abatement in a dynamic non-cooperative game-theoretical setting involving multiple countries that are open...

Persistent link: https://www.econbiz.de/10012918643

Production Targets

Caruana, Guillermo; Einav, Liran - 2021

We present a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. We show that the equilibrium path of such a game is...

Persistent link: https://www.econbiz.de/10013243651

Supermodularity and Tipping

Heal, Geoffrey M. - 2012

We model tipping as a game-theoretic phenomenon and investigate the connection between supermodular games, tipping of equilibria and cascading, and apply the results to issues that arise in the context of homeland security and computer security. We show that tipping and cascading can occur in...

Persistent link: https://www.econbiz.de/10012755522

Conveniently Upset : Avoiding Altruism by Distorting Beliefs About Others

Di Tella, Rafael - 2011

In this paper we present the results from a "corruption game" (a dictator game modified so that the second player can accept a side payment that reduces the overall size of the pie). Dictators (silently) treated to have the possibility of taking a larger proportion of the recipient's tokens,...

Persistent link: https://www.econbiz.de/10013131979