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Strategic Trading in Informationally Complex Environments
We study trading behavior and the properties of prices in informationally complex markets. Our model is based on the single-period version of the linear-normal framework of Kyle (1985). We allow for essentially arbitrary correlations among the…
The Search for Benchmarks: When Do Crowds Provide Wisdom?
In knowledge-based economies, many businesses enterprises defy traditional industry boundaries. In this study, we evaluate six “big data” approaches to peer firm identifications and show that some, but not all, “wisdom-of-crowd” techniques…
The Voter’s Blunt Tool
When do voters win? We derive conditions under which a democracy will produce policies that favor the voter over special interests in a setting where politicians can be influenced by contributions from special interests, and are also motivated by…
The role of certainty (and uncertainty) in attitudes and persuasion
Psychological certainty plays a key role in shaping people’s thoughts, judgments, attitudes, and behaviors. This article provides an overview of recent work on attitude certainty, which has been the subject of considerable attention in…
US Workers’ Diverging Locations: Causes and Inequality Consequences
No abstract available.
Using Future Information to Reduce Waiting Times in the Emergency Department via Diversion
The development of predictive models in healthcare settings has been growing; one such area is the prediction of patient arrivals to the Emergency Department (ED). The general premise behind these works is that such models may be used to help…
A Vicious Cycle: A Social-Psychological Account of Extreme Racial Disparities in School Discipline
Can social–psychological theory provide insight into the extreme racial disparities in school disciplinary action in the United States? Disciplinary problems carry enormous consequences for the quality of students’ experience in…
Violence and Entry in Prostitution Markets: Implications for Prostitution Law
This chapter explores three issues in prostitution markets and their implications for prostitution law: bargaining, coercion, and entry. The discussion is organized around three different views on violence: prostitution as a product of…
Workshop on Computational Personality Recognition
In the Workshop on Computational Personality Recognition (Shared Task), we released two datasets, varying in size and genre, annotated with gold standard personality labels. This allowed participants to evaluate features and learning techniques,…
Assessing Risk-Based Policies for Pretrial Release and Split Sentencing in Los Angeles County Jails
Court-mandated downsizing of the CA prison system has led to a redistribution of detainees from prisons to CA county jails, and subsequent jail overcrowding. Using data that is representative of the LA County jail system, we build a mathematical…
Living in the Past, Present, and Future: Measuring Temporal Orientation With Language.
Temporal orientation refers to individual differences in the relative emphasis one places on the past, present, or future, and it is related to academic, financial, and health outcomes. We propose and evaluate a method for automatically measuring…
Collective Choice in Dynamic Public Good Provision
Two heterogeneous agents exert effort over time to complete a project and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. To study the scope under collective choice,…
Durable Coalitions and Communication: Public versus Private Negotiations
We present a laboratory experiment to study the formation of dynamic coalitions in a bargaining setting where the current status quo policy is determined by the policy implemented in the previous period. Our main experimental treatment is the…
Optimal screening and donor management in a public stool bank
BACKGROUND:
Fecal microbiota transplantation is an effective treatment for recurrent Clostridium difficile infection and is being investigated as a treatment for other microbiota-associated diseases. To facilitate these activities, an…
Personality and Intrinsic Motivational Factors in End-User Programming
We explore the factors that determine whether individuals are likely to experience intrinsic motivation in end-user programming (EUP). We report two experiments: one that tests whether there are reliable psychometric constructs that describe…
Propensity Score Matching and Subclassification in Observational Studies with Multi-level Treatments
In this paper, we develop new methods for estimating average treatment effects in observational studies, focusing on settings with more than two treatment levels under unconfoundedness given pre-treatment variables. We emphasize subclassification…
Enculturation Trajectories and Individual Attainment: An Interactional Language Use Model of Cultural Dynamics in Organizations
How do people adapt to organizational culture and what are the consequences for their outcomes in the organization? These fundamental questions about culture have previously been examined using self-report measures, which are subject to reporting…
From Gulf to Bridge: When Do Moral Arguments Facilitate Political Influence?
Much of contemporary American political rhetoric is characterized by liberals and conservatives advancing arguments for the morality of their respective political positions. However, research suggests such moral rhetoric is largely ineffective…
How Often Do Managers Withhold Information?
We estimate and test a model of voluntary disclosure in which a manager’s information set is uncertain (Dye 1985; Jung and Kwon 1988). In this model, a manager makes his disclosure decision to maximize the market price, but sometimes, for…
Asset Quality Misrepresentation by Financial Intermediaries: Evidence from the RMBS Market
We document that contractual disclosures by intermediaries during the sale of mortgages contained false information about the borrower’s housing equity in 7–14% of loans. The rate of misrepresented loan default was 70% higher than for similar…