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Paper models lender's decision based on project riskiness, trust from borrower's socioeconomic network, and social cost …
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Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception: when assessing the credibility of experts, they "double-dip" the data and use already-updated beliefs instead of their priors. Our proposed...
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- specifically the trust environment - and its internal structure. We show experimentally that exogenously imposed culture … endogenously leads to variation in organizational form. We prime trust using past performance from a pilot study and demonstrate … that the level of trust within an organization affects division of labor and consequently organizational productivity. This …
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We experimentally examine the effects of price competition in markets for expe-rience goods where sellers can build up reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed (somewhere between the endogenous oligopoly and...
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against low reciprocity to the standard trust game. We compare two different mechanisms, the private (purchase) and the social …
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against low reciprocity to the standard trust game. We compare two different mechanisms, the private (purchase) and the social …
Persistent link: https://www.econbiz.de/10012239472