A TV channel designs a revenue maximizing interactive quiz show by using two instruments: the questions' degree of difficulty and the cost per phone call which callers have to make to answer the question. A question is asked, spectators knowing the answer make a costly phone call and the winner is randomly selected among all those who know the answer. The TV channel's revenue is the expected number of callers times the cost for the phone call. Simple questions increase the number of phone calls. On the other hand, spectators' extractable rents decrease in the number of other callers due to negative externalities through an additional caller. I analyze the TV channel's decision problem in a Bayesian setting and find that ...
Incentives are more likely to elicit desired outcomes when they are designed based on accurate mod-e...
There is a considerable variation in estimates of the degree of risk aversion in the literature. Thi...
We study the design and approximation of optimal crowdsourcing contests. Crowdsourcing contests can ...
This paper uses dynamic programming to investigate when contestants should use lifelines or when the...
Inspired by the popular television show “Who Wants to Be a Millionaire?”, this case discusses the mo...
This paper analyses the behaviour of TV gameshow contestants to estimate risk aversion. We are able...
In this paper, we will be using a simplified method (a geometric distribution statistical approach) ...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
Recently, there has been a significant increase in the number of UK television shows in which viewer...
This paper examines the quiz show Jeopardy!. In the game, players accumulate points then wager the...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
In this paper we introduce a new version of the classical Monty Hall problem, where the host is tryi...
Abstract This paper empirically investigates the rationality assumption commonly applied in economic...
Consider a seller with multiple digital goods or services for sale, such as movies, software, or net...
As a business model under the emerging social interaction behavior, crowdsourcing gather public know...
Incentives are more likely to elicit desired outcomes when they are designed based on accurate mod-e...
There is a considerable variation in estimates of the degree of risk aversion in the literature. Thi...
We study the design and approximation of optimal crowdsourcing contests. Crowdsourcing contests can ...
This paper uses dynamic programming to investigate when contestants should use lifelines or when the...
Inspired by the popular television show “Who Wants to Be a Millionaire?”, this case discusses the mo...
This paper analyses the behaviour of TV gameshow contestants to estimate risk aversion. We are able...
In this paper, we will be using a simplified method (a geometric distribution statistical approach) ...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
Recently, there has been a significant increase in the number of UK television shows in which viewer...
This paper examines the quiz show Jeopardy!. In the game, players accumulate points then wager the...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
In this paper we introduce a new version of the classical Monty Hall problem, where the host is tryi...
Abstract This paper empirically investigates the rationality assumption commonly applied in economic...
Consider a seller with multiple digital goods or services for sale, such as movies, software, or net...
As a business model under the emerging social interaction behavior, crowdsourcing gather public know...
Incentives are more likely to elicit desired outcomes when they are designed based on accurate mod-e...
There is a considerable variation in estimates of the degree of risk aversion in the literature. Thi...
We study the design and approximation of optimal crowdsourcing contests. Crowdsourcing contests can ...