Search Results Heading

MBRLSearchResults

mbrl.module.common.modules.added.book.to.shelf
Title added to your shelf!
View what I already have on My Shelf.
Oops! Something went wrong.
Oops! Something went wrong.
While trying to add the title to your shelf something went wrong :( Kindly try again later!
Are you sure you want to remove the book from the shelf?
Oops! Something went wrong.
Oops! Something went wrong.
While trying to remove the title from your shelf something went wrong :( Kindly try again later!
    Done
    Filters
    Reset
  • Discipline
      Discipline
      Clear All
      Discipline
  • Is Peer Reviewed
      Is Peer Reviewed
      Clear All
      Is Peer Reviewed
  • Item Type
      Item Type
      Clear All
      Item Type
  • Subject
      Subject
      Clear All
      Subject
  • Year
      Year
      Clear All
      From:
      -
      To:
  • More Filters
      More Filters
      Clear All
      More Filters
      Source
    • Language
2,710 result(s) for "D71"
Sort by:
On the External Validity of Social Preference Games: A Systematic Lab-Field Study
We present a lab-field experiment designed to systematically assess the external validity of social preferences elicited in a variety of experimental games. We do this by comparing behavior in the different games with several behaviors elicited in the field and with self-reported behaviors exhibited in the past, using the same sample of participants. Our results show that the experimental social preference games do a poor job explaining both social behaviors in the field and social behaviors from the past. We also include a systematic review and meta-analysis of previous literature on the external validity of social preference games. Data are available at https://doi.org/10.1287/mnsc.2017.2908 . This paper was accepted by John List, behavioral economics.
Deliberation and the wisdom of crowds
Does pre-voting group deliberation improve majority outcomes? To address this question, we develop a probabilistic model of opinion formation and deliberation. Two new jury theorems, one pre-deliberation and one post-deliberation, suggest that deliberation is beneficial. Successful deliberation mitigates three voting failures: (1) overcounting widespread evidence, (2) neglecting evidential inequality, and (3) neglecting evidential complementarity. Formal results and simulations confirm this. But we identify four systematic exceptions where deliberation reduces majority competence, always by increasing Failure 1. Our analysis recommends deliberation that is ‘participatory’, ‘neutral’, but not necessarily ‘equal’, i.e., that involves substantive sharing, privileges no evidences, but might privilege some persons.
SELF-IMAGE AND WILLFUL IGNORANCE IN SOCIAL DECISIONS
Avoiding information about adverse welfare consequences of self-interested decisions, or willful ignorance, is an important source of socially harmful behavior. To understand this issue, we analyze a Bayesian signaling model of an agent who cares about self-image and has the opportunity to learn the social benefits of a personally costly action. We show that willful ignorance can serve as an excuse for selfish behavior by obfuscating the signal about the decision-maker’s preferences, and help maintain the idea that the agent would have acted virtuously under full information. We derive several behavioral predictions that are inconsistent with either outcome-based preferences or social-image concern and conduct experiments to test them. Our findings, as well as a number of previous experimental results, offer support for these predictions and thus, the broader theory of self-signaling.
Modes of persuasion toward unanimous consent
A fully committed sender seeks to sway a collective adoption decision through designing experiments. Voters have correlated payoff states and heterogeneous thresholds of doubt. We characterize the sender-optimal policy under unanimity rule for two persuasion modes. Under general persuasion, evidence presented to each voter depends on all voters' states. The sender makes the most demanding voters indifferent between decisions, while the more lenient voters strictly benefit from persuasion. Under individual persuasion, evidence presented to each voter depends only on her state. The sender designates a subgroup of rubber-stampers, another of fully informed voters, and a third of partially informed voters. The most demanding voters are strategically accorded high-quality information.
Rule selection invariance as a robustness check in collective choice and nonparametric statistical settings
This study establishes conditional equivalence between Borda rule and rank sum collective choice. We apply the equivalence condition toward a comparison of the Wilcoxon–Mann–Whitney (WMW) rank sum test and sign test in non-parametric statistics, where the sign test is shown to be procedurally-equivalent to pairwise Borda rule aggregation. We further establish a social choice theoretic robustness check on the WMW test by determining whether a significant WMW rank sum winner could be a raw Borda loser (i.e., could have a p-value greater than 0.5 in a corresponding one-sided sign test). We then test whether a significant sign test winner could be a raw WMW winner. The WMW test is robust against significant victory by a raw Borda loser for almost all small sample cases (specifically, for n<27) at any standard significance level (i.e., for α≤0.10). The sign test is robust against significant victory by a raw rank sum loser only for n<14 at any standard significance level. The results provide caution against using the α = 0.10 significance level in some small sample cases of the WMW test. The robustness checks developed herein can be used generally or specifically to check whether a given set of non-parametric data passes the robustness check or whether significance for one test guarantees raw victory in the alternative test (for a given sample size n) in general. These robustness checks present a methodology to test for a weak form of qualitative equivalence across non-parametric tests. We develop a web application (http://avisss.com/visualization/RankSumHistograms.html) for such robustness checks.
Characterizing the top cycle via strategyproofness
Gibbard and Satterthwaite have shown that the only single-valued social choice functions (SCFs) that satisfy non-imposition (i.e., the function's range coincides with its codomain) and strategyproofness (i.e., voters are never better off by misrepresenting their preferences) are dictatorships. In this paper, we consider set-valued social choice correspondences (SCCs) that are strategyproof according to Fishburn's preference extension and, in particular, the top cycle, an attractive SCC that returns the maximal elements of the transitive closure of the weak majority relation. Our main theorem shows that, under mild conditions, the top cycle is the only non-imposing strategyproof SCC whose outcome only depends on the quantified pairwise comparisons between alternatives. This result effectively turns the Gibbard-Satterthwaite impossibility into a complete characterization of the top cycle by moving from SCFs to SCCs. We also leverage key ideas of the proof of this statement to obtain a more general characterization of strategyproof SCCs.
Ex post approaches to prioritarianism and sufficientarianism
Although sufficientarianism has been gaining interest as a theory of distributive justice in recent years, it has not been examined in the presence of risk. We propose an ex post approach to sufficientarianism that has a strong link to ex post prioritarianism. Both ex post criteria are based on an axiom that we refer to as prospect independence of the unconcerned, a natural extension of the independence axiom known from the literature that focuses on situations with no risk. We characterize a class of ex post prioritarian orderings as well as the corresponding class of ex post sufficientarian orderings. In addition, we point out some important differences between these two ex post criteria, and we examine how they fare when assessed in terms of specific ex ante Paretian axioms.
Linear Social Interactions Models
This paper provides a systematic analysis of identification in linear social interactions models. This is a theoretical and econometric exercise as the analysis is linked to a rigorously delineated model of interdependent decisions. We develop an incomplete information game for individual choice under social influences that nests standard models as special cases. We consider identification of both endogenous and contextual social effects under alternative assumptions regarding an analyst’s a priori knowledge of social structure or access to individual-level or aggregate data. Finally, we discuss potential ramifications for identification of endogenous formation of social structure.
The Potential of Social Identity for Equilibrium Selection
When does a common group identity improve efficiency in coordination games? To answer this question, we propose a group-contingent social preference model and derive conditions under which social identity changes equilibrium selection. We test our predictions in the minimum-effort game in the laboratory under parameter configurations which lead to an inefficient low-effort equilibrium for subjects with no group identity. For those with a salient group identity, consistent with our theory, we find that learning leads to ingroup coordination to the efficient high-effort equilibrium. Additionally, our theoretical framework reconciles findings from a number of coordination game experiments.
Information aggregation in large collective purchases
Society uses the following mechanism to decide on the supply of an experience good. Each agent can choose whether or not to contribute to the good. Contributions are collected, and the good is supplied whenever total contributions exceed a threshold. We study the case where the good is excludable, agents have a common value, and each agent receives a private signal about the common value. We study how such collective decisions perform in terms of information aggregation, social efficiency, and market traction.