– persistence despite failures – to ensure broad search for good solutions. Using an agent-based simulation model, I show that the … link between patience and innovation is complex: Moderate levels of patience promote broad and effective search. High … search. Furthermore, because translating the gains of patience into performance improvements requires time, low levels of …

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded … rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to … cause large shifts in behavior. Our results illustrate important implications of complexity for designing and regulating …

firms to choose even more excess complexity. Firms with lower intrinsic quality and higher production costs choose the most … excess complexity. Educating consumers to reduce their evaluation noise would generate large welfare gains. But the gains …

computational complexity of the decision problem. These results point to the context-dependence of what comes to mind and the …