Publications

The authors investigate how both the amount and source of income affects the importance placed on money using a longitudinal analysis of the British Household Panel Survey and evidence from two laboratory experiments. Larger amounts of money…

This study examines the effects of shareholder support for equity compensation plans on subsequent chief executive officer (CEO) compensation. Using cross-sectional regression, instrumental variable, and regression discontinuity research designs…

When a team at Stanford University accepted a challenge to design a low-cost prosthetic knee joint that could be produced locally for use in the JaipurFoot Organization’s clinics across India, the students were eager to dive into the technical…

When a team at Stanford University accepted a challenge to design a low-cost prosthetic knee joint that could be produced locally for use in the JaipurFoot Organization’s clinics across India, the students thoroughly researched the problem,…

We consider the problem of learning a coefficient vector x_0\in RN from noisy linear observation y+Ax_0+w\in RN . In many contexts (ranging from model selection to image processing) it is desirable to construct a sparse estimator x’. In this case…

Prior research argues that a manager whose wealth is more sensitive to changes in the firms stock price has a greater incentive to misreport. However, if the manager is risk-averse and misreporting increases both equity values and equity risk,…

Donors and grantmakers are allocating money more efficiently, thanks to the emergence of information and funding intermediaries such as Philanthropedia and Network for Good.

When do voters win? In this paper we derive conditions under which a democracy will produce policies that favor the voter over special interests. We show that increasing political competition, increasing office holding benefits, decreasing…

This paper proposes that social categorization is driven by an ecological dynamic that operates in two planes: feature space and category space. It develops a theoretical model that links positions in feature space to label assignments in…

We incorporate a stochastic cost for emissions into Venables’ widely-used model of international trade for a single product. Region 1 has climate policy and Region 2 does not. Each region has a distinct  variable cost…

Prior research has found several factors that affect people’s willingness to participate in philanthropy. In the present article, we explore whether people feel more inspired to engage in philanthropy after learning about individuals who help…

This research uncovers a counterintuitive effect of negative information, showing that under specifiable conditions people will be more favorably disposed to a product when a small dose of negative information is added to an otherwise positive…

The role of deliberation among citizens to determine and forge agreement on policy is often seen as a crucial feature of democratic government. This paper provides the first large-N empirical evidence on the credibility of voice in a deliberative…

The role of deliberation among citizens to determine and forge agreement on policy is often seen as a crucial feature of democratic government. This paper provides the first large-N empirical evidence on the credibility of voice in a deliberative…

Inventories and price changes are correlated. The inverse relation is most obvious in housing where inventories build in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and sellers…