This paper reports on the results of an experiment testing whether the agents selfselect between a competitive payment scheme and a revenue-sharing scheme depending on their inequity aversion. Average efficiency should be increased when these payment schemes are endogenously chosen by agents. We show that the choice of the competition is negatively affected by disadvantageous inequity aversion ...

Charles Sprenger and Joanna Stavins Abstract: Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so‐called “revolvers” exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of debit cards by people who carry credit card balances, ...

Risk aversion and temporal discounting are preferences that are strongly linked to sub-optimal financial and health decision making ability. Prior studies have shown they differ by age and cognitive ability, but it remains unclear whether differences are due to age-related cognitive decline or lower cognitive abilities over the life span. We tested the hypothesis that cognitive decline is assoc...

This work incorporates Selectional Preferences (SP) into a Semantic Role (SR) Classification system. We learn separate selectional preferences for noun phrases and prepositional phrases and we integrate them in a state-of-the-art SR classification system both in the form of features and individual class predictors. We show that the inclusion of the refined SPs yields statistically significant i...

Each month many women experience an ovulatory cycle that regulates fertility. Whereas research finds that this cycle influences women’s mating preferences, we propose that it might also change women’s political and religious views. Building on theory suggesting that political and religious orientation are linked to reproductive goals, we tested how fertility influenced women’s politics, religio...

Many preference aggregation problems are not, by nature, one-shot. In these settings, voter preferences need to be repeatedly aggregated as a function of the underlying pool of options that are being voted over. For example, imagine that a firm votes an offer to a candidate. If the offer is declined, then the pool of options shrinks, votes are aggregated once more, and a subsequent offer is mad...

We develop and test computational methods for guiding collaboration that demonstrate how shared plans can be created in real-world settings, where agents can be expected to have diverse and varying goals, preferences, and availabilities. The methods are motivated and evaluated in the realm of ridesharing, using GPS logs of commuting data. We consider challenges with coordination among self-inte...

Within the context of the consumption of goods or services the decisions made by individuals involve the choice between a set of discrete alternatives, such as the choice of mode of transport. The methodology for analyzing the consumer behavior are the models of discrete choice based on the Theory of Random Utility. These models are based on the definition of preferences through a utility funct...

background equity of access to health and provider payment mechanism in healthcare is a worldwide debated. healthcare reforms are primarily designed to improve productivity, economic efficiency and quality of care; however, an appropriate reimbursement of healthcare providers for services offered to patients and marinating a robust payment mechanism are not elucidated yet. conclusions no single...

We consider cheap talk by a biased expert comparing multiple issues, e.g., discussion of different spending proposals by an industry lobbyist, evaluation of different stocks by a sell-side analyst, or analysis of different topics by a biased newspaper. When the expert’s motives are sufficiently transparent, we find that cheap talk is credible and influential even when the expert strongly favors...