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Journal Articles

View peer-reviewed research by Stanford GSB faculty, published in leading journals across the business disciplines.

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View books written or edited by Stanford GSB faculty, from textbooks to books for a wider audience.

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View scholarly works-in-progress by Stanford GSB faculty, which often appear in final form in academic journals.

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Journal Article

There Is No Psychology without Inferential Statistics

Shilaan Alzahawi, Benoît Monin
Behavioral and Brain Sciences February102022 Vol. 45

Quantification has been constitutive of psychology since its inception and is core to its scientific status. The adoption of qualitative methods eschewing inferential statistics is therefore unlikely to obtain. Rather than discarding useful tools…

Journal Article

A 680,000-Person Megastudy of Nudges to Encourage Vaccination in Pharmacies

K.L. Milkman, L. Gandhi, M.S. Patel, H.N. Graci, D.M. Gromet, H. Ho, J.S. Kay, T.W. Lee, J. Rothschild, J.E. Bogard, I. Brody, C.F. Chabris, E. Chang, G.B. Chapman, Jennifer E. Dannals, N.J. Goldstein, A. Goren, H. Hershfield, A. Hirsch, J. Hmurovic, S. Horn, D.S. Karlan, A.S. Kristal, C. Lamberton, M.N. Meyer, A.H. Oakes, M.E. Schweitzer, M. Shermohammed, J. Talloen, C. Warren, A. Whillans, K.N. Yadav, J.J. Zlatev, R. Berman, C.N. Evans, R. Ladhania, J. Ludwig, N. Mazar, S. Mullainathan, C.K. Snider, Jann Spiess, E. Tsukayama, L. Ungar, C. Van den Bulte, K.G. Volpp, A.L. Duckworth
Proceedings of the National Academy of Sciences of the United States of America February82022 Vol. 119 Issue 6

Encouraging vaccination is a pressing policy problem. To assess whether text-based reminders can encourage pharmacy vaccination and what kinds of messages work best, we conducted a megastudy. We randomly assigned 689,693 Walmart pharmacy patients…

Journal Article

Average Direct and Indirect Causal Effects under Interference

Yuchen Hu, Shuangning Li, Stefan Wager
Biometrika February82022

We propose a definition for the average indirect effect of a binary treatment in the potential outcomes model for causal inference under cross-unit interference. Our definition is analogous to the standard definition of the average direct effect…

Other Publication

What the History of Democracy Can Teach Us About Blockchain Governance

Andrew B. Hall
The Defiant February72022

DAOs can reshape society by bringing democratic control to important economic and social activities previously governed through more hierarchical means. But as many people have pointed out, DAOs have not yet achieved their goal of true…

Journal Article

Regulation of Charlatans in High-Skill Professions

Jonathan B. Berk, Jules H. van Binsbergen
The Journal of Finance (early access) February62022

We model a market for a skill in short supply and high demand, where the presence of charlatans (professionals who sell a service they do not deliver on) is an equilibrium outcome. In the model, reducing the number of charlatans through…

Working Paper

Polarization and State Legislative Elections

Cassandra Handan-Nader, Andrew C. W. Myers, Andrew B. Hall
February52022

U.S. state legislatures are critical policymaking bodies and the major pipeline of candidates to national office. Polarization in state legislatures has increased substantially in recent decades, yet we understand little about the role of…

Journal Article

Evaluating a Patient Safety Learning Lab to Create an Interdisciplinary Ecosystem for Healthcare Innovation

Mariam Krikorian Atkinson, James C. Benneyan, Elizabeth A. Bambury, Gordon D. Schiff, Russell S. Phillips, Lindsay S. Hunt, Deanna Belleny, Sara Singer
Health Care Management Review, February32022 Vol. 47 Issue 3 Pages E50–E61.

In response to the complexity, challenges, and slow pace of innovation, health care organizations are adopting interdisciplinary team approaches. Systems engineering, which is oriented to creating new, scalable processes that perform with higher…

Working Paper

How Does Private Firm Disclosure Affect Demand for Public Firm Equity? Evidence from the Global Equity Market

Jinhwan Kim, Marcel Olbert
February22022

Conditionally accepted at the Journal of Accounting and Economics.

We investigate the relationship between private firms’ disclosures and the demand for the equity of their publicly traded peers. Using data on the global…

Working Paper

Do Jobseekers Value Diversity Information? Evidence from a Field Experiment

Jung Ho Choi, Joseph Pacelli, Kristina M. Rennekamp, Sorabh Tomar
February2022

We examine how information about the diversity of a potential employer’s workforce affects individuals’ job-seeking behavior, and whether workers’ preferences explain corporate disclosure decisions. We embed a field experiment in job…

Journal Article

Pandemic Spikes and Broken Spears: Indigenous Resilience after the Conquest of Mexico

Alberto Diaz-Cayeros, Juan Espinosa-Balbuena, Saumitra Jha
Journal of Historical Political Economy February2022 Vol. 2 Issue 1 Pages 89-133.

It is well-established that the Conquest of the Americas by Europeans led to catastrophic declines in indigenous populations. However, less is known about the conditions under which indigenous communities were able to overcome the onslaught of…

Journal Article

Proactive Capital Structure Adjustments: Evidence from Corporate Filings

Arthur Korteweg, Michael Schwert, Ilya A. Strebulaev
Journal of Financial and Quantitative Analysis February2022 Vol. 57 Issue 1 Pages 31–66.

We use new hand-collected data from corporate filings to study the drivers of corporate capital structure adjustment. Classifying firms by their adjustment frequencies, we reveal previously unknown patterns in their reasons for financing and the…

Journal Article

Stable Learning Establishes Some Common Ground between Causal Inference and Machine Learning

Peng Cui, Susan Athey
Nature Machine Intelligence February2022 Vol. 4 Issue 2 Pages 110–115.

Causal inference has recently attracted substantial attention in the machine learning and artificial intelligence community. It is usually positioned as a distinct strand of research that can broaden the scope of machine learning from predictive…

Book

The Corporate Explorer

Andy Binns, Charles A. O’Reilly, Michael Tushman
Wiley February2022

Corporations have the upper hand over the startups that threaten to disrupt them. They have the ideas, resources, and — critically — the talent to build new ventures from within. Smart companies — like Amazon, Microsoft, Bosch, and Analog…

Journal Article

What Determines Where Opportunity Knocks? Political Affiliation in the Selection of Opportunity Zones

Mary Margaret Frank, Jeffrey L. Hoopes, Rebecca Lester
Journal of Public Economics February2022 Vol. 206

We examine the role of political affiliation during the selection of Opportunity Zones, a place-based tax incentive enacted by the Tax Cuts and Jobs Act of 2017. We find governors are on average 7.6% more likely to select a census tract as an…

Journal Article

Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities

Jesús Fernández-Villaverdea, Charles I. Jones
Journal of Economic Dynamics and Control (online access) January292022

We use data on deaths in New York City, Madrid, Stockholm, and other world cities as well as in various U.S. states and other regions and countries to estimate, quickly and with limited data, a standard epidemiological model of COVID-19. We allow…

Journal Article

National Identity Predicts Public Health Support during a Global Pandemic

Jay J. Van Bavel, Aleksandra Cichocka, Valerio Capraro, Hallgeir Sjåstad, John B. Nezlek, Tomislav Pavlović, Mark Alfano, Michele J. Gelfand, et al.
Nature Communications January262022 Vol. 13 Issue 1

Understanding collective behavior is an important aspect of managing the pandemic response. Here the authors show in a large global study that participants that reported identifying more strongly with their nation reported greater engagement in…

Journal Article

When Danger Strikes: A Linguistic Tool for Tracking America’s Collective Response to Threats

Virginia K. Choi, Snehesh Shrestha, Xinyue Pan, Michele J. Gelfand
Proceedings of the National Academy of Sciences of the United States of America January252022 Vol. 119 Issue 4

In today’s vast digital landscape, people are constantly exposed to threatening language, which attracts attention and activates the human brain’s fear circuitry. However, to date, we have lacked the tools needed to identify threatening language…

Journal Article

The Social Divide of Social Distancing: Lockdowns in Santiago, Chile During the Covid-19 Pandemic

Aldo Carranza, Marcel Goic, Eduardo Lara, Marcelo Olivares, Gabriel Weintraub, Julio Covarrubia, Cristian Escobedo, Natalia Jara, Leonardo J. Basso
Management Science January212022 Vol. 68 Issue 3 Pages 1591–2376.

Voluntary shelter-in-place directives and lockdowns are the main non-pharmaceutical interventions that governments around the globe have used to contain the Covid-19 pandemic. In this paper we study the impact of such interventions in the capital…

Book

Making Numbers Count: The Art and Science of Communicating Numbers

Chip Heath, Karla Starr
Avid Reader Press/Simon & Schuster January112022

A clear, practical, first-of-its-kind guide to communicating and understanding numbers and data — from bestselling business author Chip Heath.

How much bigger is a billion than a million?

Well, a million seconds is twelve days. A…

Journal Article

Patients’ Perceptions of Integrated Care Among Medicare Beneficiaries by Level of Need for Health Services

Nancy Song, Molly Frean, Christian T. Covington, Maike Tietschert, Emilia Ling , Hassina Bahadurzada, Michaela Kerrissey, Mark Friedberg, Sara Singer
Medical Care Research and Review January102022

Requirements for integrating care across providers, settings, and over time increase with patients’ needs. Health care providers’ ability to offer care that patients experience as integrated may vary among patients with different levels of need.…