4 papers
Strategic Attribute Learning
Jean-Michel Benkert, Ludmila Matyskova, Egor Starkov
A researcher allocates a budget of informative tests across multiple unknown attributes to influence a decision-maker. We derive the researcher's equilibrium learning strategy by s…
Never-ending Search for Innovation
Jean-Michel Benkert, Igor Letina
We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period…
Time is Knowledge: What Response Times Reveal
Jean-Michel Benkert, Shuo Liu, Nick Netzer
Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. We provide a general c…
A Theory of Likes
Jean-Michel Benkert, Armin Schmutzler
We study binary, non-strategic ratings when consumer preferences reflect a combination of objective quality differences between products and idiosyncratic taste. A rating then deco…