Bounded Rationality in Strategic Decisions: Undershooting in a Resource Pool-Choice Dilemma

2021 ◽  
Author(s):  
Christopher K. Hsee ◽  
Ying Zeng ◽  
Xilin Li ◽  
Alex Imas
Keyword(s):  
Bounded Rationality ◽  
Real World ◽  
Coordination Games ◽  
Strategic Thinking ◽  
Strategic Decisions ◽  
Random Choice ◽  
Present Evidence ◽  
Knowing That ◽  
Job Opportunities ◽  
The Relationship

This research studies a resource pool-choice dilemma, in which a group of resource seekers independently choose between a larger pool containing more resources and a smaller pool containing fewer resources, knowing that the resources in each pool will be divided equally among its choosers, so that the more (fewer) people choose a certain pool, the fewer (more) resources each of them will get. This setting corresponds to many real-world situations, ranging from students choosing majors as a function of job opportunities to entrepreneurs choosing markets as a function of customer bases. Ten studies reveal a systematic undershooting bias: fewer people choose the larger pool relative to both the normative equilibrium benchmark and chance (random choice), thus advantaging those who choose the larger pool and disadvantaging those who choose the smaller pool. We present evidence showing that the undershooting bias is driven by bounded rationality in strategic thinking and discuss the relationship between our paradigm and other coordination games. This paper was accepted by Yuval Rottenstreich, decision analysis.

A Fitting Solution

2018 ◽  
Author(s):  
Kaori Kashimura ◽  
Takafumi Kawasaki Jr. ◽  
Nozomi Ikeya ◽  
Dave Randall
Keyword(s):  
Organizational Change ◽  
Power Plant ◽  
Augmented Reality ◽  
Real World ◽  
Work Practices ◽  
Plant Construction ◽  
Tightly Coupled ◽  
Complex Scenario ◽  
The Relationship ◽  
The Way

This chapter provides an ethnography of a complex scenario involving the construction of a power plant and, in so doing, tries to show the importance of a practice-based approach to the problem of technical and organizational change. The chapter reports on fieldwork conducted in a highly complex and tightly coupled environment: power plant construction. The ethnography describes work practices on three different sites and describes and analyses their interlocking dependencies, showing the difficulties encountered at each location and the way in which the delays that result cascade through the different sites. It goes on to describe some technological solutions that are associated with augmented reality and that are being designed in response to the insights gained from the fieldwork. The chapter also reflects more generally on the relationship between fieldwork and design in real-world contexts.

OP48 Nursing Requirements In Long-Term Care: A Health Technology Assessment

2019 ◽  
Vol 35 (S1) ◽  
pp. 11-12
Author(s):  
Paula Corabian ◽  
Charles Yan ◽  
Susan Armijo-Olivo ◽  
Bing Guo
Keyword(s):  
Nursing Care ◽  
Nursing Staff ◽  
Real World ◽  
Research Evidence ◽  
Long Term Care ◽  
Staff Time ◽  
Term Care ◽  
Policy Makers ◽  
The Relationship

IntroductionThe objectives of this study were to systematically review published research on the relationship between nursing staff coverage, care hours, and quality of care (QoC) in long-term care (LTC) facilities; and to conduct a real world evidence (RWE) analysis using Alberta real world data (RWD) to inform policy makers on whether any amendments could be made to current regulations.MethodsA systematic review (SR) of research evidence published between January 2000 and May 2018 on the relationship between nursing staff coverage, care hours, and QoC in LTC facilities was conducted. Panel data regressions using available RWD from Alberta, Canada, were performed to assess associations between nursing care hours and LTC outcomes. Outcomes of interest included quality indicators related to resident outcomes, hospital admissions, emergency room visits and family satisfaction. Nursing care hours considered in SR and RWE analysis included those provided by registered nurses (RNs) and licensed practical nurses (LPNs).ResultsThe SR found inconsistent and poor quality evidence relevant to the questions of interest, indicating a great uncertainty about the association between nursing staff time and type of coverage and QoC. Although some positive indications were suggested, major weaknesses of reviewed studies limited interpretation of SR results. RWE analysis found that impact of care hours on LTC outcomes was heterogeneous, dependent on outcome measurements. There was evidence that total staff, RN, and LPN hours had positive effects on some resident outcomes and magnitude of effect differed for different nursing staff.ConclusionsNo definitive conclusion could be drawn on whether changing nursing staff time or nursing staff coverage models would affect residents’ outcomes based on the research evidence gathered in the SR. RWE analysis helped to fill a gap in the available published literature and allowed policy makers to better understand the impact of revising current regulations based on actual outcomes.

Investing in Gentrification: The Eligibility of Gentrifying Neighborhoods for Federal Place-Based Economic Investment in U.S. Cities

2021 ◽  
pp. 107808742110326
Author(s):  
Noli Brazil ◽  
Amanda Portier
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Affordable Housing ◽  
Low Income ◽  
Business Development ◽  
Tax Credits ◽  
New Markets ◽  
Job Opportunities ◽  
The Relationship ◽  
Economic Improvement

Place-based policies commonly target disadvantaged neighborhoods for economic improvement, typically in the form of job opportunities, business development or affordable housing. To ensure that investment is channeled to truly distressed areas, place-based programs narrow the pool of eligible neighborhoods based on a set of socioeconomic criteria. The criteria, however, may not be targeting the places most in need. In this study, we examine the relationship between neighborhood gentrification status and 2018 eligibility for the New Markets Tax Credits, Opportunity Zones, Low Income Housing Tax Credits, and the Community Development Financial Institutions Program. We find that large percentages of gentrifying neighborhoods are eligible for each of the four programs, with many neighborhoods eligible for multiple programs. The Opportunity Zone program stands out, with the probability of eligibility nearly twice as high for gentrifying tracts than not-gentrifying tracts. We also found that the probability of eligibility increases with a greater percentage of adjacent neighborhoods experiencing gentrification.

Wired and Hired: Employment Effects of Subsidized Broadband Internet for Low-Income Americans

2021 ◽  
Vol 13 (3) ◽  
pp. 447-482
Author(s):  
George W. Zuo
Keyword(s):  
Low Income ◽  
Labor Market Outcomes ◽  
Market Outcomes ◽  
Broadband Internet ◽  
Present Evidence ◽  
Employment Effects ◽  
Local Program ◽  
Low Income Families ◽  
Employment Rates ◽  
The Relationship

I present evidence on the relationship between broadband pricing and labor market outcomes for low-income individuals. Specifically, I estimate the effects of a Comcast service providing discounted broadband to qualifying low-income families. I use a triple differences strategy exploiting geographic variation in Comcast coverage, individual variation in eligibility, and temporal variation pre- and postlaunch. Local program availability increased employment rates and earnings of eligible individuals, driven by greater labor force participation and decreased probability of unemployment. Internet use increased substantially where the program was available. (JEL I32, J22, J31, L82, L86)

Waltzing on Rooftops and Cobblestones

2021 ◽  
Vol 2 (3) ◽  
pp. 34-55
Author(s):  
Ailbhe Warde-Brown
Keyword(s):  
Video Games ◽  
Video Game ◽  
Real World ◽  
World History ◽  
Interaction Model ◽  
Virtual Space ◽  
Open World ◽  
Integrated Approaches ◽  
The Relationship

The relationship between music, sound, space, and time plays a crucial role in attempts to define the concept of “immersion” in video games. Isabella van Elferen’s ALI (affect-literacy-interaction) model for video game musical immersion offers one of the most integrated approaches to reading connections between sonic cues and the “magic circle” of gameplay. There are challenges, however, in systematically applying this primarily event-focused model to particular aspects of the “open-world” genre. Most notable is the dampening of narrative and ludic restrictions afforded by more intricately layered textual elements, alongside open-ended in-game environments that allow for instances of more nonlinear, exploratory gameplay. This article addresses these challenges through synthesizing the ALI model with more spatially focused elements of Gordon Calleja’s player involvement model, exploring sonic immersion in greater depth via the notion of spatiotemporal involvement. This presents a theoretical framework that broadens analysis beyond a simple focus on the immediate narrative or ludic sequence. Ubisoft’s open-world action-adventure franchise Assassin’s Creed is a particularly useful case study for the application of this concept. This is primarily because of its characteristic focus on blending elements of the historical game and the open-world game through its use of real-world history and geography. Together, the series’s various diegetic and nondiegetic sonic elements invite variable degrees of participation in “historical experiences of virtual space.” The outcome of this research intends to put such intermingled expressions of space, place, and time at the forefront of a ludomusicological approach to immersion in the open-world genre.

Impacts of online and offline Islamophobia

Islamophobia ◽  
2016 ◽  
Author(s):  
Irene Zempi ◽  
Imran Awan
Keyword(s):  
Real World ◽  
Emotional Responses ◽  
Depression And Anxiety ◽  
The Real ◽  
The Relationship

This chapter examines the implications of online/offline Islamophobia for victims including increased feelings of vulnerability, fear and insecurity. Participants also suffered a range of psychological and emotional responses such as low confidence, depression and anxiety. Additionally, participants highlighted the relationship between online and offline Islamophobia, and described living in fear because of the possibility of online threats materialising in the ‘real world’. Many participants reported taking steps to become less ‘visible’ for example by taking the headscarf or face veil off for women and shaving their beards for men.

scholarly journals Fannish discourse communities and the construction of gender in "The X-Files"

2013 ◽  
Vol 14 ◽  
Author(s):  
Emily Regan Wills
Keyword(s):  
Real World ◽  
Fan Fiction ◽  
Discourse Communities ◽  
Television Show ◽  
Gender Power ◽  
The Creation ◽  
The Relationship ◽  
Discussion Spaces

Fandoms can constitute discourse communities, where fans make claims about issues of real-world political importance, such as the relationship between gender, power, and autonomy, and where other fans engage with and evaluate those claims. In fan works and fan analyses of Dana Scully in the television show The X-Files, fans pose claims both in discussion spaces and in the creation of fan fiction, and these fannish evaluations and discussions of these fictions analyze those claims.

scholarly journals The New Urbanism Principle of Quality Architecture and Urban Design Versus Place Identity. A Case Study of Val D’Europe and the Manufaktura Complex

2018 ◽  
Vol 25 (2) ◽  
pp. 99-115 ◽  
Author(s):  
Monika Maria Cysek-Pawlak ◽  
Sylwia Krzysztofik
Keyword(s):  
Urban Design ◽  
New Urbanism ◽  
Place Identity ◽  
Strategic Decisions ◽  
Operational Analysis ◽  
Community Needs ◽  
Private Investors ◽  
The Relationship ◽  
The City

This article contributes to the New Urbanism debate by considering the relationship between the identity of a place and quality in architecture and urban design. It combines a general theoretical discussion and an operational analysis with a comparative study of two commercial centres: Manufaktura in Łódź (Poland) and Val d’Europe in Marne-la-Vallée (France). It concludes that while the guidelines of New Urbanism can help both private investors and public stakeholders make better strategic decisions, according to the concept of quality architecture and urban design, its framework should be applied with care for community needs and the historical character of the city.

scholarly journals Creation procedures in The Parthenon Metopes, by Romeo Castelluci

2020 ◽  
Vol 2 (38) ◽  
pp. 1-34
Author(s):  
Renan Marcondes
Keyword(s):  
Walter Benjamin ◽  
Judith Butler ◽  
Andy Warhol ◽  
Daily Lives ◽  
Knowing That ◽  
American Artist ◽  
The Relationship

The article analyzes procedures for creation and staging of the play The Partenon Metophes, by Romeo Castellucci. Based on Judith Butler and Walter Benjamin, we analyze central topics for the work, such as: the artist's use of images of war and violence that circulate in our daily lives; dialogue with aspects of the tragedy; the reference to the American artist Andy Warhol; the dissociation of the relationship between seeing and knowing that he proposes to his audience. Focusing on the formal choices of unframing, repetition of scenes and exposure of the bodies of the actors and actresses in this play, we seek to understand how the artist seeks a work in which the experiences of commotion and catharsis are suspended or displaced.

scholarly journals Data assimilation in Agent-based models using creation and annihilation operators

2019 ◽  
Author(s):  
Daniel Tang
Keyword(s):  
Real World ◽  
Null Model ◽  
The State ◽  
Actual State ◽  
Agent Based Models ◽  
Agent Based ◽  
Predator Prey ◽  
Predator Prey Model ◽  
The One ◽  
The Relationship

Agent-based models are a powerful tool for studying the behaviour of complex systems that can be described in terms of multiple, interacting ``agents''. However, because of their inherently discrete and often highly non-linear nature, it is very difficult to reason about the relationship between the state of the model, on the one hand, and our observations of the real world on the other. In this paper we consider agents that have a discrete set of states that, at any instant, act with a probability that may depend on the environment or the state of other agents. Given this, we show how the mathematical apparatus of quantum field theory can be used to reason probabilistically about the state and dynamics the model, and describe an algorithm to update our belief in the state of the model in the light of new, real-world observations. Using a simple predator-prey model on a 2-dimensional spatial grid as an example, we demonstrate the assimilation of incomplete, noisy observations and show that this leads to an increase in the mutual information between the actual state of the observed system and the posterior distribution given the observations, when compared to a null model.

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