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Dynamic Mechanism Design: An Introduction
We provide an introduction to the recent developments of dynamic mechanism design, with a primary focus on the quasilinear case. First, we describe socially optimal (or efficient) dynamic mechanisms.
D. Bergemann, Juuso Valimaki
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Many firms may successfully navigate an organizational crisis, but may find themselves entangled in another soon after. Building on a resource-dependence perspective, this study evaluates how certain investor characteristics foster organizational ...
Elena Mellado-Garcia +2 more
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Slow to Anger and Fast to Forgive: Cooperation in an Uncertain World
We study the experimental play of the repeated prisoner's dilemma when intended actions are implemented with noise. In treatments where cooperation is an equilibrium, subjects cooperate substantially more than in treatments without cooperative equilibria.
D. Fudenberg, David G. Rand, Anna Dreber
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How Large Is the Pay Premium from Executive Incentive Compensation?
We estimate the pay premium associated with CEO incentive compensation. Using explicit detailed U.S. CEO compensation contract data and simulation analysis, we find that CEOs with riskier pay packages receive a premium for pay at risk that represents ...
Ana Albuquerque +3 more
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Risk aversion relates to cognitive ability: Preferences or Noise?
O. Andersson +3 more
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Is Tiger Woods Loss Averse? Persistent Bias in the Face of Experience, Competition, and High Stakes
Devin Pope, M. Schweitzer
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Dictating the Risk: Experimental Evidence on Giving in Risky Environments
J. Brock +3 more
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Consistency and heterogeneity of individual behavior under uncertainty
Syngjoo Choi +3 more
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The A.I. Dilemma: Growth Versus Existential Risk
Social Science Research Network, 2023Advances in artificial intelligence (AI) are a double-edged sword. On the one hand, they may increase economic growth as AI augments our ability to innovate.
C. I. Jones
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