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127 records from EconBiz based on author Name
1. Birth timing and the intergenerational transmission of human capital
Palacios-Huerta, Ignacio;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
2. Personal bests and gender
González-Díaz, Julio; Palacios-Huerta, Ignacio; Abuín, José M.;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
3. Combinatorial auctions in practice
Palacios-Huerta, Ignacio; Parkes, David C.; Steinberg, Richard;2024
Type: Literaturbericht; Publikationen
Availability: Link Link
4. Favoritism Under Social Pressure
abstractThis paper provides empirical evidence of favoritism by agents, where that favoritism is generated by social pressure. To do so, we explore the behavior of professional soccer referees. Referees have discretion over the addition of extra time at the end of a soccer game (called injury time), to compensate for lost time due to unusual stoppages. We test for systematic bias shown by Spanish referees in favor of home teams. We show that referees systematically favor home teams by shortening close games where the home team is ahead, and lengthening close games where the home team is behind. They show no such bias for games that are not close. We further show that when the rewards for winning games increase, referees change their bias accordingly. We also identify that the mechanism through which bias operates is the referees' desire to satisfy the crowd, by documenting how the size and composition of the crowd affect referee favoritism
Garicano, Luis; Palacios-Huerta, Ignacio; Prendergast, Canice;2021
Availability: Link
5. Personal Bests and Gender
abstractWe connect two large bodies of scientific inquiry. First, important theories in the social sciences establish that human preferences are reference-dependent. Second, a separate field of research documents substantial differences in preferences and attitudes across genders. Specifically, we examine the universe of officially-rated classic chess games (over 250,000 subjects and 22 million chess games). This allows us to study differences across genders both in cognitive performance (intensive margin) and in competitive participation (extensive margin) using the fact that personal bests act as reference points. We find that males and females behave very differently around their personal bests in both margins
González-Díaz, Julio; Palacios-Huerta, Ignacio; Abuín Mosquera, José Manuel;2021
Availability: Link Link
6. Combinatorial Auctions in Practice
abstractWe survey the uses of combinatorial auctions that have been deployed in practice. We specify the key representational, computational, and economic aspects of deployed combinatorial auctions. Finally, we discuss behavioral economics considerations on both sides of the market, and the interrelated topics of trust, simplicity and flexibility, highlighting key opportunities for future work
Palacios-Huerta, Ignacio; Parkes, David C.; Steinberg, Richard;2021
Availability: Link Link
Citations: 2 (based on OpenCitations)
7. AlphaZero Ideas
abstractCan artificial intelligence (AI) uncover new ideas? As machines are learning fast and becoming increasingly intelligent, can AI not only automate the production function of goods and services, but also of ideas? Economic growth arises from people creating ideas, and thus an affirmative answer to these questions may have drastic implications for a host of important issues. Yet, to date, there is no empirical evidence showing that AI can in fact generate tabula rasa ideas that improve human understanding. Using as an exogenous shock the introduction of AlphaZero, we provide the first causal evidence of the impact of unsupervised AI on the production function of ideas. Specifically, AlphaZero is considered a milestone of scientific progress in AI research. This program rediscovered ideas known in centuries of human chess, and created new ideas as well. We study world experts at the frontier of knowledge and find that at least the player with the highest classical rating in the history of chess learned and adopted new ideas uncovered by AlphaZero. Other players may have also done the same. We contend that obtaining evidence of the impact of AI on the production function of ideas is a necessary first step to think about AI's impact on the innovation and research processes that drive the advancement of knowledge and economic growth
González-Díaz, Julio; Palacios-Huerta, Ignacio;2022
Availability: Link Link
8. A theory of bundling advertisements in media markets
Murphy, Kevin M.; Palacios-Huerta, Ignacio;2016
Type: Arbeitspapier; Working Paper; Graue Literatur; Non-commercial literature;
Availability: Link
9. Temptation and Stochastic Preferences
abstractThis paper is concerned with the nature of temptation in stochastic choice models. In particular, we study the distinction between the two leading approaches to modeling temptation in the literature (dynamic inconsistency and costly self-control) when preferences are stochastic. We first design an experimental methodology to distinguish random Strotz preferences from random Gul-Pesendorfer (GP) preferences. We then implement this method in a field experiment that uses data on choices of menus combined with data on choices from menus of food items in a large pool of subjects during a three month period. The results show the presence of large proportions of both random Strotz types and random GP types
Palacios-Huerta, Ignacio; Volij, Oscar;2021
Availability: Link Link
10. Maradona Plays Minimax
abstractThis paper tests the theory of mixed strategy equilibrium using Maradona's penalty kicks during his lifetime professional career. The results are remarkably consistent with equilibrium play in every respect: (i) Maradona's scoring probabilities are statistically identical across strategies; (ii) His choices are serially independent. These results show that Maradona's behavior is consistent with Nash's predictions, specifically with both implications of von Neumann's Minimax Theorem
Palacios-Huerta, Ignacio;2021
Availability: Link Link