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Bidders’ Responses to Auction Format Change in Internet Display Advertising Auctions
We study actual bidding behavior when a new auction format gets introduced into the marketplace. More specifically, we investigate this question using a novel dataset on internet display advertising auctions that exploits a staggered adoption by…
Constructing a Classification Scheme - and its Consequences: A Field Study of Learning to Label Data for Computer Vision in a Hospital Intensive Care Unit
Research on data annotation for artificial intelligence (AI) has demonstrated that biases, power, and culture impact the ways that annotators apply labels to data and subsequently affect downstream AI systems. However, annotators can only apply…
Corporate Social Responsibility through Shareholder Governance
New approaches to corporate purpose have emerged in recent years that hold out the promise of addressing concerns about corporate social responsibility (“CSR”) through shareholder governance, rather than in spite of it. The seminal such approach—…
Creating a Beautiful Life
In this paper, I share a few insights on our remarkable field to explore what creates a beautiful life. I conceptualize that the idea of a “beautiful life” is defined not by transient moments of happiness, but by a profound sense of meaning and…
Enlist Women as Informal Leaders for Cultural Change
Leaders of cultural change initiatives have long recognized the tremendous value of enlisting respected members of the organization as informal cultural change leaders. Identifying these influential, informal cultural…
Fading Corporate Survival Prospects: Impact of Co-selection Bias in Resource Allocation on Strategic Intent
Research Summary: Our field study of new business development in a German-based global pharmaceutical company reveals that the emergence of co-selection bias in project-level state-gate resource allocation engendered a corporate-…
GDP-B: A New Well-Being Metric in the Era of the Digital Economy
Gross Domestic Product (GDP), though often used as a proxy for economic well-being, was not designed for this purpose and is inadequate. In our current research, we are building new metrics for measuring changes in consumer well-being that…
Incentive Economics
Focusing on incentives rather than distribution solves knotty economic policy problems, offering a radical improvement of our economic life and a way out of left-right debates. However many issues require a Marie Kondo-style cleanup of our legal…
Markets under Siege: How Political Beliefs Move Financial Markets
Can political beliefs, particularly about benefits of war versus peace, move thick financial markets? We document that following an unlikely victory by French citizen-soldiers during the German Siege of Paris (1870), prices of the highly liquid…
Memory Modeling of Counterfactual Generation
We use a computational model of memory search to study how people generate counterfactual outcomes in response to an established target outcome. Hierarchical Bayesian model fitting to data from six experiments reveals that counterfactual outcomes…
Nurse Burnout and Patient Safety, Satisfaction, and Quality of Care
Importance Occupational burnout syndrome is characterized by emotional exhaustion, depersonalization, and a diminished sense of personal accomplishment and is prevalent among nurses. Although previous meta-analyses have explored…
Political Trenches: War, Partisanship and Polarization
We study the dynamics between local segregation, partisanship, and political polarization. We exploit large-scale, exogenous and high-stakes peer assignment due to universal conscription of soldiers assigned from each of 34,947 municipalities to…
Reputational Costs of Receptiveness: When and Why Being Receptive to Opposing Political Views Backfires
A fast-growing body of research finds that receptiveness to opposing political views carries reputational benefits. A different body of research finds that opposing political views and the people who hold them are seen as repugnant. How could it…
Risk Information, Investor Learning, and Informational Feedback
This paper studies how public information regarding a firm’s riskiness affects investors’ incentives to acquire information about the firm and the firm’s ability to learn decision-useful information from its price. I find that risk information…
Social Drivers of Health Program Implementation in the Primary Care Setting of a Large Integrated Health System: A Qualitative Investigation of Clinician and Staff Perspectives
Introduction: Health systems are increasingly pursuing efforts to screen for and address social drivers of health (SDOH), the nonmedical factors that contribute to health outcomes and inequities. A large integrated health…
The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It - New and Expanded Edition
New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis — and that we’d never again have to choose between massive bailouts and financial havoc. The…
The Migration Decisions of Syrian and Ukrainian Refugees as Perceived by Their Receiving Communities
Discussions about refugee status often center around two assumed characteristics of their circumstances. One, that, because they fled their countries to seek safety, their migration decisions lacked choice. And two, that their migration will be…
The Temporal Dynamics of Goal Systems: How Goal Progress Changes the Drivers of Motivation
In this chapter, I introduce the temporally dynamic goal pursuit model and discuss how this model compliments and advances goal systems theory. This model proposes that goal pursuit is a dynamic process that spans from initiation to completion,…
The Venture Mindset
Inspired by venture capitalists’ unique way of thinking, The Venture Mindset offers a transformative playbook for delivering results in a rapidly changing world from a top Stanford professor and a technology executive.
The allure of consensus: People (over)seek consensus in selecting group persuasion strategies
How do people select targets when tasked with persuading a group of people? One approach would be to prioritize getting people in support of the persuader’s position to hold relatively extreme attitudes — an extremity strategy. An…