| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10854 |
| DP10854 The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network | |
| Tim Willems; Ferdinand Rauch; Shaun Larcom | |
| 发表日期 | 2015-09-27 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We estimate that a significant fraction of commuters on the London underground do not travel their optimal route. consequently, a tube strike (which forced many commuters to experiment with new routes) taught commuters about the existence of superior journeys, bringing about lasting changes in behavior. This effect is stronger for commuters who live in areas where the tube map is more distorted, thereby pointing towards the importance of informational imperfections. We argue that the information produced by the strike improved network-efficiency. Search costs are unlikely to explain the suboptimal behavior. Instead, individuals seem to under-experiment in normal times, as a result of which constraints can be welfare-improving. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Experimentation Learning Optimization Rationality Search |
| URL | https://cepr.org/publications/dp10854 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539683 |
| 推荐引用方式 GB/T 7714 | Tim Willems,Ferdinand Rauch,Shaun Larcom. DP10854 The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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