Reputation Concerns in Risky Experimentation
Reputation Concerns in Risky Experimentation
复制标题
高风险实验中的声誉问题
DOI:
10.1093/jeea/jvaa046
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发表时间:
2021
影响因子:
3.6
通讯作者:
Wing Suen
中科院分区:
文献类型:
--
作者:
Chia-Hui Chen;Junichiro Ishida;Wing Suen
High-ability agents are more likely to achieve early success in risky experimentation, but learn faster that their project is not promising. These counteracting effects give rise to a signaling model with double-crossing property. This property tends to induce homogenization of quitting times between types, which in turn leads to some pooling in equilibrium. Low-ability agents may hold out to continue their project for the prospect of pooling with the high type, despite having a negative instantaneous net payoff. A war-of-attrition mechanism causes low-ability agents to quit only gradually over time, and to stop quitting for a period immediately before all agents exit.
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DOI:
--
发表时间:
2018
期刊:
影响因子:
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作者:
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10.1016/j.jet.2018.11.003
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J. Econ. Theory
影响因子:
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DOI:
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2003
期刊:
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DOI:
10.1111/jems.12016
发表时间:
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期刊:
ERPN: Labor Economics (Topic)
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--
作者:
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