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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 information about reviews left by previous customers. A...

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

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

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

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

We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...

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

Cognitive Economics

Kimball, Miles S. - 2015

Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data—especially novel types of survey data. Such data highlight the...

Persistent link: https://www.econbiz.de/10013030618

Efficiency in Family Bargaining : Living Arrangements and Caregiving Decisions of Adult Children and Disabled Elderly Parents

Pezzin, Liliana E. - 2006

the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

Persistent link: https://www.econbiz.de/10012779773

Games Parents and Adolescents Play : Risky Behaviors, Parental Reputation, and Strategic Transfers

Hao, Lingxin; Hotz, Vincent Joseph; Jin, Ginger Zhe - 2022

decisions, the parent decides whether to house and support his children beyond age 18. Drawing on the work of Milgrom and … older children for their teenage risky behaviors in order to dissuade the younger children from the same risky behaviors … who engaged in teen risky behaviors will decrease with the number of remaining children at risk. We test these two …

Persistent link: https://www.econbiz.de/10013311959

Ordered Leniency : An Experimental Study of Law Enforcement with Self-Reporting

Landeo, Claudia - 2018

This paper reports the results of an experiment designed to assess the ability of an enforcement agency to detect and …

Persistent link: https://www.econbiz.de/10012910307