BizTalks

Choosing Not to Know: The Desire to Avoid Information

Modern technology has brought us unprecedented access to information. We can exchange ideas with people all over the world, monitor the performance of our investment portfolios in real-time, and learn about our risks of developing ...

When and How to Offer Free Products

Despite its immense popularity, the freemium business model remains a complex strategy to master and often a topic of heated debate. In this research, we ask when and why a firm should offer a zero price on its low-end product when ...

How Do Firms Have More Productive Workers? The Role of Career and Wage Incentives?

What are the best incentives to recruit more productive (entry-level) workers? The difficulty in effective screening of job applicants is one of the key drivers of low labor productivity. Firms often consider financial incentives ...

How to Recruit in High Volume?

We model a multi-phase and high-volume recruitment process as a large-scale dynamic program. The success of the process is measured by a reward, which is the total assessment score of accepted candidates minus the penalty cost of ...

Who Your Manager Is Matters When It Comes to Borrowing from Banks

Do banks value their relationship with corporate managers? There is ample evidence that banks can alleviate information asymmetry and agency problems by engaging in repeated lending with the same borrowing company. The question is ...

Need Funds? Ask Investors on A Sunny Day

How and why can irrelevant, short-lived factors shape investment decisions? This can happen in investment decisions in nascent, seed-stage startups, where information is scarce and uncertainty is intense. Taking sunshine on the d ...