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Consure Medical I: Translating a Need into an Actionable Path Forward
After watching a colleague struggle with the care of his mother when she was affected by fecal incontinence, the Consure Medical team began investigating this problem as a potential need to address. They completed an extensive needs finding…
Conundra and Progress: Research on Entry Order and Performance
We raise four sets of issues relating to the definition and measurement of first mover advantage. We begin by posing questions about the basic definition of FMA and whether advantage should be measured in terms of profit, market share or…
Costs and Benefits of Dynamic Trading in a Lemons Market
We study a dynamic market with asymmetric information that creates the lemons problem. We compare efficiency of the market under different assumptions about the timing of trade. We identify positive and negative aspects of dynamic trading,…
CycleBeads III: Implementing Too Much, Too Soon
To help address the issue of unplanned pregnancy and maternal mortality in the developing world, researchers at the University of Georgetown’s Institute for Reproductive Health (IRH) recognized the need for an intuitive, natural contraception…
Decisive: How to Make Better Choices in Life and Work
Research in psychology has revealed that our decisions are disrupted by an array of biases and irrationalities: We’re overconfident. We seek out information that supports us and downplay information that doesn’t. We get distracted by short-term…
Do US Market Interactions Effect CEO Pay: Evidence from UK companies
Dropout Training as Adaptive Regularization
Dropout and other feature noising schemes control overfitting by artificially corrupting the training data. For generalized linear models, dropout performs a form of adaptive regularization. Using this viewpoint, we show that the dropout…
Earnings Manipulation and Expected Returns
An accounting-based earnings manipulation detection model has strong out-of-sample power to predict cross-sectional returns. Companies with a higher probability of manipulation (M-score) earn lower returns on every decile portfolio sorted by size…
Ease and persuasion: Multiple processes, meanings, and effects
This chapter describes the mechanisms through which the experience of processing ease, or fluency, can influence attitudes and persuasion. In particular, we argue that ease can impact attitude change not only by serving as a peripheral cue (e.g…
Economic Explanations for Opposition to Immigration: Distinguishing Between Prevalence and Conditional Impact
Economics as an Economic and a Social Relationship
Because employment is simultaneously an economic and a social relationship, one cannot profitably study it as one or the other in isolation. To understand employment relationships requires taking into account both economic and social-…
Effect of Temporal Spacing between Advertising Exposures: Evidence from Online Field Experiments
This paper aims to understand the impact of temporal spacing between ad exposures on the likelihood of a consumer purchasing the advertised product. I create an individual-level data set with exogenous variation in the spacing and intensity of…
Games and Resources
Game theory is the natural tool when analyzing the strategic use of natural resources. This article presents a sequence of related simple two-stage games to illustrate a range of problems, generating a large number of lessons. It explores…
Gaussian Macro-Finance Term Structure Models with Lags
This article develops a new family of Gaussian macro-dynamic term structure models (MTSMs) in which bond yields follow a low-dimensional factor structure and the historical distribution of bond yields and macroeconomic variables is…
Generating Random Graphs without Short Cycles - Submitted 2013
Random graph generation is an important tool for studying large complex networks and recently has been extensively used by biologists, computer scientists, economists, electrical engineers, and mathematical sociologists. Despite many remarkable…
Getting the Most Out of Giving:Pursuing Concretely-Framed Prosocial Goals Maximizes Happiness
Across six field and laboratory experiments, participants given a concretely-framed prosocial goal (e.g., making someone smile, increasing recycling) felt happier after performing a goal-directed act of kindness than did those who were assigned a…
Guilt by Design: Structuring Organizations to Elicit Guilt as an Affective Reaction to Failure
In this article, we outline a model of how organizations can effectively shape employees’ affective reactions to failure. We do not suggest that organizations eliminate the experience of negative affect following performance failures—instead, we…
Implications of Hyperbolic Discounting for Optimal Pricing and Scheduling of Unpleasant Services that Generate Future Benefits
People tend to lack the self-control to undergo an unpleasant service that would generate future benefits. This paper derives a tractable quasi-hyperbolic discounting model of that behavioral tendency (for a queueing system in which service time…
Inspire: Evaluating a Transition to Product Development
Globally, pneumonia kills more children than any other illness. In developed countries, pneumonia and other acute respiratory conditions are treated via mechanical ventilators. In resource-constrained settings, however, ventilators are often not…
Internal Control System, Earnings Quality and the Dynamics of Financial Reporting
Using an earnings management model in which managers manipulate information when the firm s control system fails, I introduce a measure of earnings quality ; based on the notion of integral precision, that has solid theoretical foundations…