The ostrich effect refers to the observation that people prioritize gathering information about prospectively positive financial outcomes. It is especially problematic when negative and outcomes equally useful for making sound decisions. Yet, it unclear what extent this phenomenon moderated by whether outcome choices. Here, we test instrumental choice moderates randomly assigning 800 adults one...

Our research addresses two central issues of information extraction — portability and multilinguality. We are creating information extraction (IE) systems that take foreign-language input and generate English tables of extracted information, and that can be easily adapted to new extraction tasks. We want to minimize the human intervention required for customization to a new scenario (type of fa...

We use an information-gap framework to capture the diverse motives driving the preference to obtain or avoid information. Beyond the conventional desire for information as an input to decision making, people are driven by curiosity, which is a desire for knowledge for its own sake, even in the absence of material benefits. People are additionally motivated to seek out information about issues t...

This paper considers an inventory setting in which the historical data used for demand forecasting is delayed. When the replenishment is controlled via an order-up-to policy, we show that such delays reduce the variability of the order history and dampen the bullwhip effect. We discuss the intuition behind this result. (Key Terms: Information delay; Forecasting; Supply Chain Management; Bullwhi...

Application of Information systems has significantly contributed to the growth of various sectors both in developed as well as developing countries. This significant contribution can be attributed to the careful adoption of IT innovation. There exist varied views of the very same technology by different users based on the individual’s sense-making, resulting in diversified notions regarding the...

In this paper, we consider the classical multi-fare, single resource (leg) problem in revenue management for the case where demand information is limited. Our approach employs a competitive analysis, which guarantees a certain performance level under all possible demand scenarios. The only information required about the demand for each fare class is lower and upper bounds. We consider both comp...

Numerous contract scenarios in information technology goods and services, telecommunications, digital entertainment, and supply chain contracting feature demand uncertainty for individual customers (demand is subject to idiosyncratic demand shocks that change marginal valuations). Sellers in these scenarios often use non-linear pricing mechanisms (flat rate, two part tariffs, three-part tariffs...

In this paper, we will describe ODIE, the On-Demand Information Extraction system. Given a user’s query, the system will produce tables of the salient information about the topic in structured form. It produces the tables in less than one minute without any knowledge engineering by hand, i.e. pattern creation or paraphrase knowledge creation, which was the largest obstacle in traditional IE. Th...