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Earnings Management to Exceed Thresholds
Investors are keenly interested in financial reports of earnings because earnings provide important information for investment decisions. Thus, executives who are monitored by investors and directorsExpand
Status quo bias in decision making
Most real decisions, unlike those of economics texts, have a status quo alternative—that is, doing nothing or maintaining one's current or previous decision. A series of decision-making experimentsExpand
Trust among strangers in internet transactions: Empirical analysis of eBay' s reputation system
Examination of a large data set from 1999 reveals several interesting features, including a high correlation between buyer and seller feedback, suggesting that the players reciprocate and retaliate. Expand
Reputation systems
Systems T he Internet offers vast new opportunities to interact with total strangers. These interactions can be fun, informative, even profitable. But they also involve risk. Is the advice of aExpand
The online laboratory: conducting experiments in a real labor market
The views on the potential role that online experiments can play within the social sciences are presented, and software development priorities and best practices are recommended. Expand
Trust, Risk and Betrayal
Using experiments, we examine whether the decision to trust a stranger in a one-shot interaction is equivalent to taking a risky bet, or if a trust decision entails an additional risk premium toExpand
Eliciting Informative Feedback: The Peer-Prediction Method
A scoring system is devised that induces honest reporting of feedback and proves to be a Nash equilibrium, which can be scaled to induce appropriate effort by raters and extended to handle sequential interaction and continuous signals. Expand
Hot Hands in Mutual Funds: Short‐Run Persistence of Relative Performance, 1974–1988
The relative performance of no-load, growth-oriented mutual funds persists in the near term, with the strongest evidence for a one-year evaluation horizon. Portfolios of recent poor performers doExpand
The Efficient Allocation of Individuals to Positions
In a variety of contexts, individuals must be allocated to positions with limited capacities. Legislators must be assigned to committees, college students to dormitories, and urban homesteaders toExpand
Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States
Due to betrayal aversion, people take risks less willingly when the agent of uncertainty is another person rather than nature. Individuals in six countries (Brazil, China, Oman, Switzerland, Turkey,Expand