Publications

We demonstrate how information gathered from social network profiles can be used to predict personal attributes such as gender and age, religious and political views, intelligence, happiness and personality traits. Our approach is based on…

We use a unique dataset that combines information on advertising and mortgages originated by subprime lenders to study whether advertising helped consumers find cheaper mortgages. Lenders who advertise more within a region sell more expensive…

Who can wait for larger, delayed rewards rather than smaller, immediate ones? Delay discounting (DD) measures the rate at which subjective value of an outcome decreases as the length of time to obtaining it increases. Previous work has shown that…

Objective: We present a new open language analysis approach that identifies and visually summarizes the dominant naturally occurring words and phrases that most distinguished each Big Five personality trait. …

In this article we examine how social capital affects the creation of human capital. Specifically, we study how college students’ peers affect academic performance. Building on existing research, we consider the different types of peers…

Consumers face many options that are presented to them as bargains, but in reality, they only subjectively construe a fraction of them as valuable. The authors propose that consumers are particularly attracted to offers they perceive as more…

We discuss “Mandatory IFRS Reporting and Changes in Enforcement” by Christensen, Hail, and Leuz (CHL, in this issue). We begin by discussing CHL in the context of prior literature, and subsequently discuss the research design, results, and…

There is overwhelming evidence for regional variation across the United States on a range of key political, economic, social, and health indicators. However, a substantial body of research suggests that activities in each of these domains are…

We develop a model for studying dynamic competition in environments with frictions that lead to partial lock-in of customers to products. The dynamic aspects associated with customer retention and acquisition introduce pricing incentives that do…

This article argues that the structure of a choice set can influence the extent to which consumers weight a given attribute. The results of seven experiments suggest that the relationship between options under consideration can influence…

This study examines the effects of shareholder support for equity compensation plans on subsequent CEO compensation. Using cross-sectional regression, instrumental variable, and regression discontinuity research designs, we find little evidence…

The current research explores how the structure of a goal, more specifically whether its completion requires completing a set of actions in a fixed sequence or in a flexible order, influences consumers’ decision to adopt the goal and how…

Changes in the values and careers of particularly younger employees and changes in organizations, including the reduction of hierarchical levels and greater use of teams and matrix structures — combined with new communication technologies and…

This paper constructs an efficient, budget-balanced, Bayesian incentive-compatible mechanism for a general dynamic environment with quasi linear payoffs in which agents observe private information and decisions are made over countably many…

We discuss “Mandatory IFRS Reporting and Changes in Enforcement” by Christensen, Hail, and Leuz (CHL, 2013). We begin by discussing CHL in the context of prior literature, and subsequently discuss the research design, results, and inferences. CHL…

Anat Admati argues that the banking system is too fragile and inefficient, and that reform efforts have been flawed. The fragility of the system causes booms and busts, and busts lead to bailouts when authorities fear the alternatives are worse.…

Nike’s approach to managing supplier responsibility has greatly evolved since the 1990s, when the media uncovered claims of child labor, underpaid workers, and poor working conditions in several Asian countries. This report explores how Nike’s…

This paper examines the economic consequences associated with the board of director’s choice of whether to adhere to proxy advisory firm policies in the design of stock option repricing programs. Proxy advisors provide research and voting…

Despite multinational firms’ continued investments in factory audits and other practices aimed at tackling social and environmental issues in their supply chains, lapses in employee labor standards, health and safety standards and environmental…