首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
A truly informed diner would choose a restaurant based on the quality of the menu and the chef’s experience. The discerning inve
A truly informed diner would choose a restaurant based on the quality of the menu and the chef’s experience. The discerning inve
admin
2017-02-24
66
问题
A truly informed diner would choose a restaurant based on the quality of the menu and the chef’s experience. The discerning investor would decide which company to back after studying the business plan and meeting the founders. In reality, people often copy the choices of others. Diners pick the crowded restaurant over the empty one. Investors go with the company that already has multiple backers. Such bandwagon effects are not necessarily irrational. Often, the buyer knows less about a product than the seller: the collective wisdom of the crowd can correct for such "
asymmetric information
".
Scholars are now asking whether herd behavior also prevails in labor markets. To find out, Kory Kroft of the University of Toronto devised an experiment in which they applied for 3,000 clerical, administrative, sales and customer-service jobs advertised online by submitting 12, 000 fictitious CVs. The submissions were designed so that applicants with similar backgrounds, education and experience went for the same job. The only difference was how long the applicant had been jobless, a period that ranged from no time at all to as much as 36 months.
They found that the odds of an applicant being called back by an employer declined steadily as the duration of unemployment rose, from 7.4% after one month without work down to 4%-5% at the eight-month mark, where the call-back rate stabilized.
These results, the authors say, cannot be because employers found some qualitative flaw in the longer-term unemployed that was hidden from outsiders, since the applicants were similar in other respects. Another explanation for long-term unemployment—that people make less effort to find work as their time out of the labor force lengthens—is also not applicable here.
A third possibility is that employers equate lengthening unemployment with atrophying skills and thus falling productivity. But this should be true whether the economy is booming or in recession. The decline in call-back rates was much more pronounced in cities with tight labour markets: call-back rates changed relatively little when higher unemployment prevailed locally. From this, the authors infer that employers are more likely to overlook a long period of unemployment if overall economic conditions are stacked against candidates.
These results strongly suggest that long-term unemployment is at least partly self-fulfilling. Like patrons who avoid restaurants purely because they are empty, employers were reluctant to hire someone other employers didn’ t want.
By saying "asymmetric information"(Para. 1), what does the author mean?
选项
A、The collective wisdom is more than an individual’s.
B、The crowd may have more information of product.
C、The seller have more wisdom than the buyer.
D、The seller know more than the buyer of the product information.
答案
D
解析
含义题。根据题干关键词定位到第一段。段末提到Often,the buyer knows less about a product than the seller;the collective wisdom of the crowd can correct for such “asymmetric information”,由such可知“asymmetric information”指的就是前文的the buyer knows less about a product than the seller。因此,正确答案是D。
转载请注明原文地址:https://kaotiyun.com/show/ABU7777K
0
大学英语六级
相关试题推荐
A、Hewantstokeepinformedwhilehe’sabsent.B、Hedidn’tcheckthedetailsofthereport.C、Hehasjustcomebacktowork.D、H
A、Postponehisfavoritecoursetothenextsemester.B、Asktheprofessortohelphimchooseothercourses.C、Requestpermission
Researchonanimalintelligencealwaysmakesuswonderjusthowsmarthumansare.Considerthefruit-flyexperimentsdescribedb
OxfordUniversityoncefamouslyclaimedtohavebeenfoundedbyAlfredtheGreatinthe9thCentury.Butinfact,theUniversity
A、Arealbook.B、Acomputerfile.C、Ahandhelddevice.D、Apieceofpaper.B短文开头即对电子书下定义,指出它是以电脑文档的形式出现的,故B为答案。
Teachersneedtobeawareoftheemotional,intellectual,andphysicalchangesthatyoungadultsexperience.Andtheyalsoneed
Forthispart,youareallowed30minutestowriteanessayondirectandindirectexperiencebyreferringtothesaying"You’ll
Whywedreamstillremainsoneofthegreatmysteries.Butinanswertothequestionofhowwedream,scientificresearchershav
Oneofthemostcommonimagesofanadvanced,Western-stylecultureisthatofabusy,traffic-filledcity.Sincetheirfirst【B1
随机试题
男性,35岁。发热、双颈部淋巴结进行性肿大1个月。查体:双侧颈部可触及数个1.5cm×1.5cm左右大的无触痛淋巴结,肝、脾肋下未触及。血象正常。胸部、腹部CT未发现深部淋巴结肿大。该患者的首选治疗为
下列哪项证据可以单独作为认定案件事实的证据?()
根据《水利工程建设项目管理规定》(水建[1995]128号),水利水电工程完成建设目标的标志是()。
某内资原煤生产企业为增值税一般纳税人,2019年5月发生以下业务:(1)开采原煤12000吨。采取分期收款方式销售原煤9000吨,每吨不含税单价500元,购销合同约定,本月应收取1/3的价款,但实际只收取不含税价款120万元。另支付销售活动中
高经营杠杆行业的特征不包括()。(2010年上半年)
某商业银行董事会明确定位本银行为一家积极进取、以利润最大化为首要经营目标的银行。过去5年间,其信贷资产主要投向房地产行业,债券投资业务主要集中于高收益的次级债券。在当前市场情况下,该银行面临严重的流动性风险。可以判断,这是由于()长期积聚、恶化的综合作
【2015.重庆綦江】教育有两个最基本的功能,即满足社会发展的需要和()。
秦汉以来儒家思想不断发展。下列属于吸收外来文化因素、阐释儒家思想的著作是:①《春秋繁露》②《四书章句集注》③《儒林外史》④《孔子改制考》
在环境问题上,我们所面临的困境不是由于我们________,而是我们尽力做了,但却无法遏制环境恶化的势头。这是一个信号:把魔鬼从瓶子里放出来的人类,已经失去把魔鬼再装回去的能力。填入画横线部分最恰当的一项是()。
Variationaccordingtothegenderofthespeakerhasbeenthesubjectofalotofrecentresearch.Insomecultures,thereare
最新回复
(
0
)