Publications

This study revisits the widely accepted finding that paying with cash is more painful than paying with card by conducting the first systematic mega-replication (including 13 large-scale preregistered replications; a total of 32,371 participants,…

How can humans make sense of the rapid takeoff of artificial intelligence (AI)? We studied the sensemaking dynamics of AI through an open-ended, mixed-methods study with computational text analysis of millions of AI-related newspaper articles and…

This article reviews recent research on monetary policy transmission through banks and the broader financial intermediation sector, and its implications for financial stability. Traditional banks remain fragile due to high leverage and maturity…

Pronoun sharing has become a common inclusion practice in U.S. schools and workplaces. Drawing on normative discrimination theories, however, we predict that pronoun sharing can lead to negative evaluations of people who share nonconventional…

The time at which renewable (e.g., solar or wind) energy resources produce electricity cannot generally be controlled. In many settings, however, consumers have some flexibility in their energy consumption needs, and there is growing interest in…

Persuasion is a powerful device for shaping people’s attitudes and actions. Recent work has begun to examine who persuaders target with their persuasive efforts. The current work explores how persuaders think about intermediaries—individuals who…

Background and Objective

Long COVID (LC) refers to persistent symptoms after acute COVID-19 infection, which may persist for months or years. LC affects millions of people globally, with substantial impacts on quality of life, employment…

Purpose

Determine feasibility of estimating economic externalities associated with influences that products of individual corporations have on their customers’ health behaviors.

Design

Our methodology included four steps…

This paper studies demand, fatalities, and regulation in firearm markets. I assemble 20 years of administrative data from California, recording all licit handgun purchases and fatalities. Leveraging variation from the entry timing of firearm…

The study of human behaviour has shifted in the past 15 years. It increasingly relies on opt-in non-probability online data sources. Here we offer an analysis of nine such sources (N = 13,053), aiming to inform researchers conducting…

This paper studies the roles of market power and taxes in determining market surplus and social welfare in the U.S. consumer firearms industry. Using microdata from Massachusetts and aggregate data from other states, we estimate an equilibrium…

Sovereign debt yields have undergone a historic decline over the last half century. Standard explanations, including aging populations and increases in asset demand from abroad, encounter difficulties when confronted with the full range of…

People’s unwillingness to engage with others who hold views that differ from their own—in other words, their lack of receptiveness to opposing views—is a growing problem globally. We explore the possibility that something as simple as how people…

The recent elimination of the United States de minimis exemption for import tariffs has been reported to have a significant impact on ultra-fresh fashion companies such as Shein and Temu. This article develops a game-theoretic model to…

I examine whether mandating the disclosure of investments influences firms’ strategic interactions. I exploit an SEC regulation requiring firms to report off-balance sheet purchase obligations, such as commitments to inventory purchases, CAPEX, R…

We study the effects of social media political advertising by randomizing subsets of 36,906 Facebook users and 25,925 Instagram users to have political ads removed from their news feeds for 6 weeks before the 2020 US presidential election. We…

The Fed is now growing its balance sheet roughly in step with the quantity of reserve balances needed by banks within each day to make timely payments to each other. Systemically important banks also demand large quantities of reserve balances to…

Antisemitism, characterized by prejudice, discrimination, and hostility toward Jews, is marked by two enduring paradoxes. First, although people typically defer to powerholders, perceptions of Jews as powerful are associated with disdain rather…