Download or read book Learning and Intertemporal Incentives written by Dirk Bergemann and published by World Scientific Economic Theo. This book was released on 2020 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together the collected contributions of Dirk Bergemann and Juuso V�lim�ki, on the theme of learning, experimentation and intertemporal incentives, spanning over two decades of thought (1996 to 2019).The collection starts with a comprehensive introduction to the recent developments of dynamic mechanism design with a primary focus on the quasilinear case. The authors describe socially optimal and revenue optimal dynamic mechanism. They cover models of sequential screening and revenue maximizing auctions with dynamically changing bidder types, and also discuss models of information management where the mechanism designer can control (at least partially) the stochastic process governing the agent's types.Consolidating the research agenda on learning, experimentation, and dynamic mechanism design, which has been prominent in the area of economic theory, the authors present for the first time the main results of the research agenda in this volume.
Download or read book Three Essays on Learning and Intertemporal Incentives written by Dirk Bergemann and published by . This book was released on 1994 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Information and Incentives in Stochastic Games Social Learning and Crowdsourcing written by J. Aislinn Bohren and published by . This book was released on 2012 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation utilizes tools from game theory to derive novel economic insights in a variety of settings, including social learning with biased information processing beliefs, repeated games with persistent actions and contract design in crowdsourcing labor markets. The first chapter explores how individuals learn from their predecessors when they are subject to biased beliefs about the information processing capabilities of others. I consider a social learning environment in which individuals observe private signals, and learning is asymptotically efficient in the absence of information processing biases. Either underestimating or overestimating others' information processing capabilities can have important implications for the asymptotic efficiency of learning. The second chapter studies a new class of stochastic games in which the actions of a long-run player have a persistent effect on payoffs. The setting is a continuous time game of imperfect monitoring between a long-run and a short-run player. The main result of this paper is to establish general conditions for the existence of Markovian equilibria and conditions for the uniqueness of a Markovian equilibrium in the class of all Perfect Public Equilibria. The existence proof is constructive and characterizes, for any discount rate, the explicit form of equilibrium payoffs, continuation values, and actions in Markovian equilibria. Action persistence creates a channel to provide intertemporal incentives, and offers a new and different framework for thinking about the reputations of firms, governments, and other long-run agents. The final chapter examines information and incentive issues in a novel labor market setting : crowdsourcing. Our research focuses on how to optimally design labor contracts and the marketplace in a crowdsourcing setting to facilitate efficient information transmission between workers and firms. The structure of such contracts will depend on the institutional features of the specific job, including how costly it is for a worker to acquire information or how likely it is for the firm to observe when a worker incorrectly completes a task.
Download or read book Incentives During Learning an Application of the Learning Curve Theory written by John Charles Baker and published by . This book was released on 1970 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improving Incentives to Learning in the Workplace written by H. N. Rainbird and published by . This book was released on 2003 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook Of Financial Econometrics Mathematics Statistics And Machine Learning In 4 Volumes written by Cheng Few Lee and published by World Scientific. This book was released on 2020-07-30 with total page 5053 pages. Available in PDF, EPUB and Kindle. Book excerpt: This four-volume handbook covers important concepts and tools used in the fields of financial econometrics, mathematics, statistics, and machine learning. Econometric methods have been applied in asset pricing, corporate finance, international finance, options and futures, risk management, and in stress testing for financial institutions. This handbook discusses a variety of econometric methods, including single equation multiple regression, simultaneous equation regression, and panel data analysis, among others. It also covers statistical distributions, such as the binomial and log normal distributions, in light of their applications to portfolio theory and asset management in addition to their use in research regarding options and futures contracts.In both theory and methodology, we need to rely upon mathematics, which includes linear algebra, geometry, differential equations, Stochastic differential equation (Ito calculus), optimization, constrained optimization, and others. These forms of mathematics have been used to derive capital market line, security market line (capital asset pricing model), option pricing model, portfolio analysis, and others.In recent times, an increased importance has been given to computer technology in financial research. Different computer languages and programming techniques are important tools for empirical research in finance. Hence, simulation, machine learning, big data, and financial payments are explored in this handbook.Led by Distinguished Professor Cheng Few Lee from Rutgers University, this multi-volume work integrates theoretical, methodological, and practical issues based on his years of academic and industry experience.
Download or read book The Theory of Incentives written by Jean-Jacques Laffont and published by Princeton University Press. This book was released on 2009-12-27 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics has much to do with incentives--not least, incentives to work hard, to produce quality products, to study, to invest, and to save. Although Adam Smith amply confirmed this more than two hundred years ago in his analysis of sharecropping contracts, only in recent decades has a theory begun to emerge to place the topic at the heart of economic thinking. In this book, Jean-Jacques Laffont and David Martimort present the most thorough yet accessible introduction to incentives theory to date. Central to this theory is a simple question as pivotal to modern-day management as it is to economics research: What makes people act in a particular way in an economic or business situation? In seeking an answer, the authors provide the methodological tools to design institutions that can ensure good incentives for economic agents. This book focuses on the principal-agent model, the "simple" situation where a principal, or company, delegates a task to a single agent through a contract--the essence of management and contract theory. How does the owner or manager of a firm align the objectives of its various members to maximize profits? Following a brief historical overview showing how the problem of incentives has come to the fore in the past two centuries, the authors devote the bulk of their work to exploring principal-agent models and various extensions thereof in light of three types of information problems: adverse selection, moral hazard, and non-verifiability. Offering an unprecedented look at a subject vital to industrial organization, labor economics, and behavioral economics, this book is set to become the definitive resource for students, researchers, and others who might find themselves pondering what contracts, and the incentives they embody, are really all about.
Download or read book The Handbook of Behavior Change written by Martin S. Hagger and published by Cambridge University Press. This book was released on 2020-07-15 with total page 730 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social problems in many domains, including health, education, social relationships, and the workplace, have their origins in human behavior. The documented links between behavior and social problems have compelled governments and organizations to prioritize and mobilize efforts to develop effective, evidence-based means to promote adaptive behavior change. In recognition of this impetus, The Handbook of Behavior Change provides comprehensive coverage of contemporary theory, research, and practice on behavior change. It summarizes current evidence-based approaches to behavior change in chapters authored by leading theorists, researchers, and practitioners from multiple disciplines, including psychology, sociology, behavioral science, economics, philosophy, and implementation science. It is the go-to resource for researchers, students, practitioners, and policy makers looking for current knowledge on behavior change and guidance on how to develop effective interventions to change behavior.
Download or read book Democracy Public Expenditures and the Poor written by Philip Keefer and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries vary systematically with respect to the incentives of politicians to provide broad public goods, and to reduce poverty. Even in developing countries that are democracies, politicians often have incentives to divert resources to political rents, and to private transfers that benefit a few citizens at the expense of many. These distortions can be traced to imperfections in political markets, that are greater in some countries than in others. The authors review the theory, and evidence on the impact of incomplete information of voters, the lack of credibility of political promises, and social polarization on political incentives. They argue that the effects of these imperfections are large, but that their implications are insufficiently integrated into the design of policy reforms aimed at improving the provision of public goods, and reducing poverty.
Download or read book Handbook of the Economics of Education written by and published by Elsevier. This book was released on 2023-11-02 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of the Economics of Education, Volume Seven describes the research frontier in key topical areas and sets the agenda for further work. Sections in this new release include Methods for Measuring School Effectiveness, Teacher Evaluation and Training, U.S. School Finance: Resources and Outcomes, College Costs, Financial Aid, and Student Decisions, Firm Training, Multidimensional Human Capital and the Wage Structure, and more. By bringing together some of the world’s leading scholars, this volume provides a unique view of scholarship in the area. The international perspectives of the editors – Hanushek at Stanford, Machin at LSE, and Woessmann at Munich – leads to a volume with something for all researchers. Topics range from the economics of early childhood education to inequality in society to cash transfers in developing countries. Identifies and evaluates the state-of-the-art Includes clear descriptions of the meaning of existing research and the most likely avenues for the future Provides insights into how policy interventions in education can help or hurt human capital outcomes
Download or read book The Will to Learn written by William Frederick Book and published by . This book was released on 1922 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Incentives for Learning written by and published by . This book was released on 1981 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comparison Study of Collaborative Learning and the Use of Incentives written by Emma M. Houshmand and published by . This book was released on 2002 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Factorial Study of Incentives in Certain Learning and Performance Situations written by William Guy Matheny and published by . This book was released on 1949 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Experiment on Incentives to Learning written by John Wolf and published by . This book was released on 1950 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Performance Incentives written by Matthew G. Springer and published by Rowman & Littlefield. This book was released on 2009-12-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of pay for performance for public school teachers is growing in popularity and use, and it has resurged to once again occupy a central role in education policy. Performance Incentives: Their Growing Impact on American K-12 Education offers the most up-to-date and complete analysis of this promising—yet still controversial—policy innovation. Performance Incentives brings together an interdisciplinary team of experts, providing an unprecedented discussion and analysis of the pay-for-performance debate by • Identifying the potential strengths and weaknesses of tying pay to student outcomes; • Comparing different strategies for measuring teacher accomplishments; • Addressing key conceptual and implemen - tation issues; • Describing what teachers themselves think of merit pay; • Examining recent examples in Arkansas, Florida, North Carolina, and Texas; • Studying the overall impact on student achievement.
Download or read book The Effects of Negative Incentives in Serial Learning written by Gwyn Raymond Stone and published by . This book was released on 1946 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
