Failure to risk-adjust estimates of profits, from central-bank foreign exchange intervention or from private speculation, can have large effects on the estimated profits, including changing signs. Many choices arise in deciding how to adjust profits for risk. The time period over which a market model is fit has mixed effects on calendar-year profits; variations in profits across calendar years ...

We correlate competitive bidding and profits in symmetric independent private value first-price auctions with salivary testosterone, estradiol, progesterone, and cortisol in more than 200 subjects. Females bid significantly higher and earn significantly lower profits than males. Moreover, females on hormonal contraceptives bid significantly higher and earn significantly lower profits than males...

I investigate whether the presence of intrinsically motivated agents benefits firms in a competitive environment. I find that firms may obtain higher profits by hiring self-interested agents than by hiring motivated agents. This is because the agents’ intrinsic motivation has counteracting effects on the profits obtained by the firms. On the one hand, motivation has a positive impact on the pro...

With the gain in popularity of the internet in the beginning of this decade, online shopping has witnessed a strong growth rate of about 25 percent per year. However, recent reports suggest that the growth rate is flattening. One of the key reasons for dwindling growth rate is the rise in expectations of the customers. Customers want that the retail websites should help them in finding products...