News arrive randomly and the resulting sentiment, after quantification, behaves like a stochastic process. We propose a sentiment-driven stochastic volatility model to characterize the evolution of sentiment and its interplay with price and volatility process. Specifically, we propose a

Assortment rotation -- the retailing practice of changing the assortment of products offered to customers -- has recently been used as a competitive advantage for both brick-and-mortar and online retailers. We focus on product categories where consumers typically purchase multiple products during a

A prevalent yet little understood phenomenon of customer reward programs is the use of finite reward expiration term. We develop a theoretical framework to investigate the economic rationale behind this phenomenon, and the tradeoff between short and long expiration terms. In our model, a

Recently, there has been a rapid rise of on-demand ride-hailing platforms, such as Uber and Didi, which allow passengers with smartphones to submit trip requests and match them to drivers based on their locations and drivers' availability. With the rapid rise, there have been questions about how

Operational disruptions can impact a firm's risk, which manifests in a host of operational issues, including a higher holding cost for inventory, a higher financing cost for capacity expansion, and a higher perception of the firm's risk among its supply chain partners. While disruptions have been

Minimization with respect to a matrix X subject to orthogonality constraints X'X = I has wide applications in polynomial optimization, combinatorial optimization, eigenvalue problems, the total energy minimization in electronic structure calculation, sparse principal component analysis, community

We provide a theory that unifies the long tail and blockbuster phenomena. Specifically, we analyze a three-stage game where, first, a large number of potential firms make entry decisions, then those who stay in the market decide on the investment in its product, and lastly customers with

I will give a very broad history of efforts to find a method for discovering causal relations, from Aristotle to contemporary work in "artificial intelligence." I will also talk about some of the open problems and difficulties that remain.

Common wisdom suggests that everything else being equal, seeing patients sooner rather than later is preferable. In particular health outcomes improve with reduced delay and so does patient satisfaction. At the same time, if the delay in access to care is reduced, patients may be more inclined

• Understanding how the context of a choice and heuristics can drive behaviors and actions as much as the attributes of the services or products being offered.
• Introducing a framework to harnesses the power of defaults, message framing, habits and context effects to guide consumers along their