LET'S TALK: HOW COMMUNICATION AFFECTS CONTRACT DESIGN

Let’s Talk: How Communication Affects Contract Design

We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent and lead to higher earnings for bot...

How design affeCts wellbeing

Design Talking: How Design Practitioners Talk about Design Research Methods

To support the development of TheDesignExchange – a portal to a comprehensive set of design methods applicable to a range of disciplines – we hosted a series of workshops with design students, educators and practitioners. In this paper, we summarize insights gained from the three practitioner workshops associated with early stage design methods used to: Research, Analyze and Communicate. We con...

How Homophily Affects Communication in Networks∗

We examine how three different communication processes operating through social networks are affected by homophily – the tendency of individuals to associate with others similar to themselves. Homophily has no effect if messages are broadcast or sent via shortest paths; only network connection density matters. In contrast, homophily substantially slows learning based on repeated averaging of ne...

How the Nonextensivity Parameter Affects Energy Fluctuations

In this article, the effect of the nonextensivity parameter on the energy fluctuations of nonextensive systems is studied in two different versions of the Tsallis statistical mechanics. Once a general expression has been reported for the energy fluctuations in the second version (Tsallis work in 1988), the energy fluctuations of an ideal gas and a harmonic oscillator are studied in the second a...