Publications

We advance a theory of how organizational characteristics, in particular the structure of opportunity within organizations, shape the decision to become an entrepreneur. Established organizations play an important yet understudied role in the…

The least productive agents in an economy can be vital in generating growth by spurring technology diffusion. We develop an analytically tractable model in which growth is created as a positive externality from risk taking by firms…

We deal with the problem faced by a portfolio manager in charge of multiple accounts. We argue that, due to market impact costs, this setting differs in several subtle ways from the classical (single account) case, with the key distinction…

As the financial crisis of 2007–2008 has compellingly shown, highly leveraged financial institutions create negative externalities. When a bank is highly leveraged and has little equity to absorb losses, even a small decrease in asset value can…

This paper proposes a Combined Method (combining fluid model estimators and statistical learning) to forecast the wait time for low-acuity patients in an Emergency Department, and describes the implementation of the…

This paper examines how organizations use employee networks to contend with job seekers’ search behavior. According to prior research, in markets where job seekers engage in nonsequential job search, organizations respond with tactics such as…

In this overview article, we summarize recent research in progress that examines the potential and limitations of non-violent civil disobedience through the lens of the evolution of an iconic success: India’s struggle for democratic self-rule. We…

User generated content on social media sites is a rich source of information about latent variables of their users. Proper mining of this content provides a shortcut to emotion and personality detection of users without filling out questionnaires…

The non-tradability of human capital is often cited for the failure of traditional asset pricing theory to explain agents’ portfolio holdings. In this paper we argue that the opposite might be true | traditional models might not be able to…

Policymakers and academics recognize that liquidity is central in the dynamics of a financial crisis, and that measurement of liquidity is critical in evaluating and regulating systemic risk. Systemic risk depends primarily on the endogenous…

How consumers choose to spend their time and money defines much of consumer behavior research. Guiding consumer choice is often the question, “What would make me happy?” Yet, research has shown that people’s intuitions about what will bring them…

Governments are beginning to mandate that firms disclose information about social and environmental impacts in their supply chains (e.g., regarding conflict minerals and greenhouse gas emissions). This paper shows that such a mandate will…

Efforts to bring promising health care care to resource-constrained regions of the world often falter — or even fail — because entrepreneurs underestimate the array of obstacles that loom in their path. But aspiring health innovators can benefit…

This research investigated the reciprocal relationship between mental models of conflict and various forms of dysfunctional social relations in organizations, including experiences of task and relationship conflicts, interpersonal hostility,…

Five studies tested the hypothesis that self-perceived attractiveness shapes people’s perceptions of their social class (subjective SES), which, in turn, shape how people respond to inequality and social hierarchies.

Study 1 found that…

Powerful societal leaders - such as politicians and Chief Executives - are frequently met with substantial distrust by the public. But why are people so suspicious of their leaders? One possibility is that ‘power corrupts’, and therefore people…