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Dynamic Policymaking with Decay
It is often said that the only constant is change itself. As time passes, the population grows, new technologies are invented, and the skills, demographics, and norms of the populace evolve. These changes, whether in isolation or in aggregate,…
Gender Diversity on U.S. Corporate Boards. Are We Running in Place?
Despite rhetoric supporting the advancement of women on corporate boards, meager evidence supports significant progress over the past decade in the United States. The authors examine archival board data (for more than 3,000 U.S. publicly traded…
Group identification as a means of attitude restoration
This paper investigates the possibility that individuals selectively identify with groups as a means of restoring certainty in their attitudes. Specifically, we contend that (i) groups offer social validation in the form of attitudinal norms, (ii…
How to Write an Effective Referee Report and Improve the Scientific Review Process
The review process for academic journals in economics has grown vastly more extensive over time. Journals demand more revisions, and papers have become bloated with numerous robustness checks and extensions. Even if the extra resulting revisions…
Ingroup-Outgroup Trust: Barriers, Benefits, and Bridges
Social scientists have long recognized the role that trust plays in shaping the course of intergroup relations. However, little attention has been afforded to explicating the foundations of trust in intergroup contexts. A primary aim of the…
Lasting Effects? Referrals and Career Mobility of Demographic Groups in Organizations
While prior research has suggested that network-based hiring in the form of referrals can lead to better career outcomes, few studies have tested whether such career advantages differ across demographic groups. Using archival data from a single…
Political Homophily in Social Relationships: Evidence from Online Dating Behavior
Do people form relationships based upon political similarity? Past work has shown that social relationships are more politically similar than expected by chance, but the reason for this concordance is unclear. Is it because people prefer…
Should You Sleep on It? The Effects of Overnight Sleep on Subjective Preference-Based Choice
Conventional wisdom and studies of unconscious processing suggest that sleeping on a choice may improve decision making. Although sleep has been shown to benefit several cognitive tasks, including problem solving, its impact on everyday choices…
Social Exclusion and Political Identity: The Case of Asian American Partisanship
How does social exclusion on the basis of racial/ethnic identity affect partisanship and political attitudes? Drawing on sociological research on the group basis of partisanship and psychological theories of social identity, we contend that…
Solving Heterogeneous Estimating Equations with Gradient Forests
We propose a method for non-parametric statistical estimation, based on random forests (Breiman, 2001), that can be used to fit any heterogeneous parameter of interest identified as the solution to a set of local estimating equations. Following…
The Compensatory Consumer Behavior Model: How Self-Discrepancies Drive Consumer Behavior
Consumer goods and services have psychological value that can equal or exceed their functional value. A burgeoning literature demonstrates that one source of value emerges from the capacity for products to serve as a psychological salve that…
The JOBS Act and Information Uncertainty in IPO Firms
This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the Emerging Growth Company (EGC), and exempts EGCs from several…
The Role of Hedonic Behavior in Reducing Perceived Risk
Understanding how human populations naturally respond to and cope with risk is important for fields ranging from psychology to public health. We used geophysical and individual-level mobile-phone data (mobile-apps, telecommunications, and Web…
The curvilinear relationship between attitude certainty and attitudinal advocacy
Do people advocate more on behalf of their own attitudes and opinions when they feel certain or uncertain? Although considerable past research suggests that people are more likely to advocate when they feel highly certain, there also is evidence…
Third Parties Promote Cooperative Norms in Repeated Interactions
How likely are third parties to intervene in repeated conflicts between adversaries? Can third party intervention redirect competitive interactions toward collectively beneficial cooperation? Does mutual cooperation persist when the third party…
Active Managers are Skilled: On Average, They Add More Than $3 Million Per Year
Active fund managers are skilled and, on average, have used their skill to generate about $3.2 million per year. Large cross-sectional differences in skill persist for as long as 10 years. Investors recognize this skill and reward it by investing…
Age Trends in Musical Preferences in Adulthood: Conceptualization and Empirical Investigation
This article aims to fill some gaps in theory and research on age trends in musical preferences in adulthood by presenting a conceptual model that describes three classes of determinants that can affect those trends. The Music Preferences in…
Becoming Hewlett Packard: Why Strategic Leadership Matters
Bill Hewlett and Dave Packard invented the model of the Silicon Valley start-up and set in motion a process of corporate becoming that made it possible for HP to transform itself six times over the 77 years since its founding in the face of…
Competition and Interdependent Costs in Highway Procurement
I investigate the effect of competition on bidder behavior and procurement cost using highway auction data from Michigan. While a bidder’s distance to a project location is important in explaining participation and bid levels, there is no…