Publications

We measure the repo funding extended by money market funds (MMF) and securities lenders to the shadow banking system, including quantities, haircuts, and repo rates by type of underlying collateral. We find that repo played only a small role in…

Individuals sort into and out of economic environments based on their preferences and in response to relative prices. We demonstrate the importance of such sorting for the measurement of social preferences, using two laboratory experiments. First…

The current research explores how roles that possess power but lack status influence behavior toward others. Past research has primarily examined the isolated effects of having either power or status, but we propose that power and status interact…

The topic of executive compensation elicits strong emotions but somewhat less critical analysis. How much value creation should be attributable to the efforts of the CEO? What percent of this value should be fairly offered as compensation?

The authors posit that higher levels of guilt-proneness are associated with higher levels of affective organizational commitment. To explain this counterintuitive link, the authors suggest that a dispositional tendency to feel guilt motivates…

How and when does responding to hypothetical questions shape future judgment and behavior? We identify knowledge accessibility as an implicit process through which hypothetical questions influence individuals, and examine moderators of…

Gambling and gaming is a very large industry in the United States with about one-third of all adults participating in it on a regular basis. Using novel and unique behavioral data from a panel of casino gamblers, this paper investigates three…

Anacor Pharmaceuticals, Inc. is a for-profit biotech firm founded in 2002, which focuses on discovering, developing, and commercializing novel small-molecule therapeutics derived from a unique boron chemistry platform. While performing early…

When do people feel as if they are rich in time? Not often, research and daily experience suggest. However, three experiments showed that participants who felt awe, relative to other emotions, felt they had more time available (Experiments 1 and…

When do people feel as if they are rich in time? Not often, research and daily experience suggest. However, three experiments showed that participants who felt awe, relative to other emotions, felt they had more time available (Experiments 1, 3)…

This paper develops new recursive, set based methods for studying repeated games with private monitoring. For any finite-state strategy profile, we find necessary and sufficient conditions for whether there exists a distribution over initial…

Across two studies we aimed to measure empirically the extent of non-readership of click-through agreements (CTAs), identify the dominant beliefs about CTAs contributing to non-readership, and experimentally manipulate these beliefs to decrease…

When team members at D-Rev — a U.S. nonprofit technology company with the mission to improve the health and incomes of people living on less than $4 per day — became interested in the problem of infant jaundice, they initiated a detailed…

When team members at D-Rev — a U.S. nonprofit technology company with the mission to improve the health and incomes of people living on less than $4 per day — became interested in the problem of infant jaundice, they initiated a detailed…

Personnel economics is the application of economic and mathematical approaches to traditional topics in the study of human resource management. This includes such topics as compensation, turnover, and incentives that are inherently economic, as…

The present studies tested whether people, particularly those who are most vulnerable to self-threats as indicated by low implicit self-esteem, adopt and express minority opinions to compensate for self-uncertainty. In Studies 1 through 3, low…

Consure Medical is committed to developing a solution that solves the problems inherent in existing fecal incontinence treatments yet is simple enough for a motivated family member to use. With guidance from top doctors at the All India Institute…

We measure crowdsourcing performance based on a standard IQ questionnaire, and examine Amazon’s Mechanical Turk (AMT) performance under different conditions. These include variations of the payment amount offered, the way incorrect responses…