When estimating the cost of a bunch of purchases, a useful heuristic is rounding to the nearest dollar. (In fact, on US income tax returns, one is allowed to omit the cents). If prices were uniformly distributed, the following two heuristics would be equally accurate:
* Rounding each item up or down to the nearest dollar and summing
* Rounding each item down, summing, and adding a dollar for every two line items.
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The Operations and Information Management Department at the Wharton School, the University of Pennsylvania, is home to faculty with a diverse set of interests in decision-making, information technology, information-based strategy, operations management, and operations research. We are seeking applicants for a full-time, tenure-track faculty position at any level: Assistant, Associate, or Full Professor. Applicants must have a Ph.D. (expected completion by June 30, 2013 is acceptable) from an accredited institution and have an outstanding research record or potential in the OPIM Department’s areas of research. Candidates with interests in multiple fields are encouraged to apply. The appointment is expected to begin July 1, 2012 and the rank is open.
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We would like to invite you, the members of your research group, and your colleagues to participate in The Second Social Learning Strategies Tournament, which we hope will interest you. The tournament, which has a total of 25,000 euro available as prize money, is now open for entries.
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With this call for papers, we hope to attract manuscripts that are
outstanding empirical and/or theoretical exemplars of research on any health
related topic from a behavioral and/or experimental economic perspective. We
anticipate studies will focus on a range of topics, including, but not
limited to: Smoking, Dietary choices, Adherence to treatment, Decision
making, Risk taking behavior, Choice architecture, Information asymmetry and
use of monetary incentives to alter behavior. We expect papers to reflect a
variety of methodologies but to highlight implications of the research for
practitioners and policy makers.
