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Understanding Overbidding: Using the Neural Circuitry of Reward to Design Economic Auctions
Neural Circuitry Economic Auctions
2015/9/23
We take advantage of our knowledge of the neural circuitry of reward to investigate a puzzling
economic phenomenon: Why do people overbid in auctions? Using functional magnetic resonance
imaging (fM...
The Use of Broker Votes to Reward Brokerage Firms' and Their Analysts' Research Activities
Markets For Information Sell-Side Analysts Commissions Broker Votes Compensation
2015/4/29
In traditional markets, the price mechanism directs the flow of resources and governs the process through which supply and demand are brought into equilibrium. In the investment-research industry, bro...