Publications

Agency attribution is a hallmark of mind perception; thus, diminished attributions of agency may disrupt social–cognition processes typically elicited by human targets. The current studies examine the effect of perceivers’ sexist attitudes on…

What do sociologists mean when they describe culture as founded on “shared understandings”? Sharing an understanding does not necessarily imply having the same opinions but rather agreeing on the structures of relevance and opposition that make…

Recent sociological theory and research highlights food, drink, and restaurants as culturally meaningful and related to social identity. An implication of this view holds that the prevalence of corporate chain restaurants affects the…

Three of the most fundamental changes in US corporations since the early 1970s have been (1) the increased importance of organizational capital in production, (2) the increase in managerial income inequality and pay-performance…

This study models the interaction between a sell-side analyst and risk-averse investors. It derives an analyst’s optimal earnings forecast and investors’ optimal trading decisions in a setting where the analyst’s payoff depends on the trading…

This paper examines when information asymmetry among investors affects the cost of capital in excess of standard risk factors. When equity markets are perfectly competitive, information asymmetry has no separate effect on the cost of capital.…

We propose that hierarchy is such a prevalent form of social organization because it is functionally adaptive and enhances a group’s chances of survival and success. We identify five ways in which hierarchy facilitates organizational success.…

The authors propose a Web-based adaptive self-explicated approach for multiattribute preference measurement (conjoint analysis) with a large number (ten or more) of attributes. The proposed approach overcomes some of the limitations of previous…

When faced with a regulatory constraint, firms can either comply, bribe the regulator to get around the rule, or lobby the government to relax it. We analyze this choice, and its consequences, in a simple dynamic model In equilibrium, when the…

We study the impact of mandatory calorie posting on consumers’ purchase decisions using detailed data from Starbucks. We find that average calories per transaction fall by 6 percent. The effect is almost entirely related to changes in…

We study entry and bidding patterns in sealed bid and open auctions. Using data from the U.S. Forest Service timber auctions, we document a set of systematic effects: sealed bid auctions attract more small bidders, shift the allocation toward…

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge. Each firm receives a…

How does the race of protesters affect how police respond to protest events? Drawing on the protest policing literature and on theories of race and ethnic relations, we explore the idea that police view African American protesters as especially…

Three studies demonstrated that anticipated self-blame elicits more conservative decisions about risks that require trust than about otherwise economically identical risks that do not. Participants were more reluctant to invest money in a company…

In recent years, much attention has been paid to CEO succession planning as a risk management issue, particularly at companies whose CEOs are experiencing health issues. How much information should the company disclose on the health of the CEO?…

For fossil fuel power plants to be built in the future, carbon capture and storage (CCS) technologies offer the potential for significant reductions in CO₂ emissions. We examine the break-even value for CCS adoptions, that is, the critical value…

There is a growing consensus that the brain computes value and saliency-like signals at the time of decision-making. Value signals are essential for making choices. Saliency signals are related to motivation, attention, and arousal. Unfortunately…

Financial statement analysis has been used to assess a company’s likelihood of financial distress — the probability that it will not be able to repay its debts. Financial statement analysis was used by credit suppliers to assess the credit…

The thesis of this chapter is that the decision to protest requires not only that people experience outrage but that they feel entitled to act upon their outrage. We call this feeling of entitlement psychological standing. One important…

This article shows that consumer contexts can activate multidimensional associations that determine when accessible constructs influence judgment. Four experiments showed that exposure to consumer products (e.g., Ferrari) can activate constructs…