Now showing items 1-12 of 12

    • Aggregation of consumer ratings: an application to Yelp.com 

      Dai, Weijia; Jin, Ginger; Lee, Jungmin; Luca, Michael (Springer Nature, 2018-09)
      Because consumer reviews leverage the wisdom of the crowd, the way in which they are aggregated is a central decision faced by platforms. We explore this "rating aggregation problem" and offer a structural approach to ...
    • Asymmetric Effects of Favorable and Unfavorable Information on Decision-making Under Ambiguity 

      Peysakhovich, Alexander; Karmarkar, Uma Reeta (INFORMS, 2015-12-01)
      Most daily decisions involve uncertainty about outcome probabilities arising from incomplete knowledge, i.e., ambiguity. We explore how the addition of partial information affects these types of choices using theoretical ...
    • Competing with Privacy 

      Casadesus-Masanell, Ramon; Hervas-Drane, Andres (INFORMS, 2014-10-24)
      We analyze the implications of consumer privacy for competition in the marketplace. We consider a market where firms set prices and disclosure levels for consumer information, and consumers observe both before deciding ...
    • Does Aggregated Returns Disclosure Increase Portfolio Risk Taking? 

      Beshears, John Leonard; Choi, James J.; Laibson, David I.; Madrian, Brigitte (Oxford University Press (OUP), 2017-06-09)
      Many experiments have found that participants take more investment risk if they see returns less frequently, see portfolio-level returns (rather than each individual asset’s returns), or see long-horizon (rather than ...
    • Does Mandatory IFRS Adoption Improve the Information Environment? 

      Horton, Joanne; Serafeim, Georgios; Serafeim, Ioanna (2012-11-09)
      More than 120 countries require or permit the use of International Financial Reporting Standards (‘IFRS’) by publicly listed companies on the basis of higher information quality and accounting comparability from IFRS ...
    • The Effect of Graphic Warnings on Sugary-Drink Purchasing 

      Donnelly, Grant E.; Zatz, Laura Y.; Svirsky, Dan; John, Leslie (SAGE Publications, 2018-06-18)
      Governments have proposed text warning labels to decrease consumption of sugary drinks – a contributor to chronic diseases like diabetes. However, they may be less effective than more evocative, graphic warning labels. We ...
    • Facts and Figuring: An Experimental Investigation of Network Structure and Performance in Information and Solution Spaces 

      Shore, Jesse; Bernstein, Ethan S; Lazer, David (2014-04-24)
      Using data from a novel laboratory experiment on complex problem solving in which we varied the network structure of 16-person organizations, we investigate how an organization’s network structure shapes performance in ...
    • Fake It Till You Make It: Reputation, Competition, and Yelp Review Fraud 

      Luca, Michael; Zervas, Georgios (INFORMS, 2015-09-29)
      Consumer reviews are now part of everyday decision making. Yet, the credibility of these reviews is fundamentally undermined when businesses commit review fraud, creating fake reviews for themselves or their competitors. ...
    • Information and Subsidies: Complements or Substitutes? 

      Ashraf, Nava; Jack, B. Kelsey; Kamenica, Emir (Elsevier, 2013)
      Does providing information about a product affect the impact of price subsidies on purchases of new or unfamiliar products? This question is particularly relevant for the introduction of health products in developing ...
    • Information and Two-Sided Platform Profits 

      Hagiu, Andrei; Halaburda, Hanna (Elsevier, 2014)
      We study the effect of different levels of information on two-sided platform profits under monopoly and competition. One side (developers) is always informed about all prices and therefore forms responsive expectations. ...
    • Information Environment and the Investment Decisions of Multinational Corporations 

      Shroff, Nemit O.; Verdi, Rodrigo S.; Yu, Gwen Gwen (2014)
      This paper examines how the external information environment in which foreign subsidiaries operate affects the investment decisions of multinational corporations (MNCs). We hypothesize and find that the investment decisions ...
    • The Rise and Fall of Small Worlds: Exploring the Dynamics of Social Structure 

      Gulati, Ranjay; Sytch, Maxim; Tatarynowicz, Adam (INFORMS, 2012)
      This paper explores the interplay between social structure and economic action by examining some of the evolutionary dynamics of an emergent network that coalesces into a small-world system. The study highlights the ...