Publications

We empirically characterize how China is internationalizing the Renminbi by selectively opening up its domestic bond market and propose a dynamic reputation model to explain China’s internationalization strategy. While previously closed to…

Despite the complexity of memory and its diverse manifestations in our daily lives, certain mnemonic effects appear to hold across a wide range of conditions. We identify the effects of recency, contiguity, similarity, primacy, and repetition as…

We introduce a framework for calibrating machine learning models so that their predictions satisfy explicit, finite-sample statistical guarantees. Our calibration algorithm works with any underlying model and (unknown) data-generating…

This empirical white paper is part of a broader research project on the explainability and fairness of machine learning in credit underwriting. The research is being conducted in collaboration with Professors Laura Blattner and Jann Spiess at the…

Lay perceptions of medical conditions and treatments determine people’s health behaviors, guide biomedical research funding, and have important consequences for both individual and societal well-being. Yet it has been nearly impossible to…

The COVID-19 pandemic brought renewed national attention to the profound and persistent racial differences in American health outcomes. The Centers for Disease Control’s national snapshot of health in 2019 painted a troubling picture prior to the…

How did the introduction of mass commercial television in the postwar era change American consumer behavior? Media scholars and U.S. historians claim that TV with its unprecedented advertising appeal drew Americans into a culture of upscaling and…

Education in Brazil and Latin America is typically associated with a shorter school day than in most OECD countries. This paper assess the impact of a Brazilian policy that extends the high school day on student test scores. The program lengthens…

The current research reveals that the pursuit of peace entails an inherent paradox. The urgent need to save lives and alleviate human suffering necessitates swift solutions to the problem of intergroup conflict. However, because the human mind…

COVID-19 accelerated a decade-long shift to remote work by normalizing working from home on a large scale. Indeed, 75% of US employees in a 2021 survey reported a personal preference for working remotely at least one day per week, and studies…

Firms have ever increasing access to consumer data, which they use to personalize their advertising and to price discriminate. This raises privacy concerns. Policymakers have argued in response that consumers should be given control over…

We use discounted cash flow analysis to measure a country’s fiscal capacity. Crucially, the discount rate applied to projected cash flows includes a GDP risk premium. We apply our valuation method to the CBO’s projections for the U.S. federal…

We examine the spillover effect of public firm innovation disclosures on the patent trading market. Relative to equity markets, the patent market is decentralized and rife with information frictions, yet it serves as an important mechanism…

In August 2021, up to 30% of Americans were uncertain about taking the COVID-19 vaccine, including some healthcare personnel (HCP). Our objective was to identify barriers and facilitators of the Veterans Health Administration (VHA) HCP…

As the world’s overall population skews older, the workforce is aging as well, with more older adults working well beyond what used to be considered the typical retirement age. Older adults are the fastest-growing segment of the American…

Current pain management recommendations emphasize leveraging interdisciplinary teams. We aimed to identify key features of interdisciplinary team structures and processes associated with improved pain outcomes for patients experiencing chronic…

Background: For low- and middle-income countries, the forecasted incremental value to society created by a class of new prescription drugs would be a useful criterion to prioritize the licensing, subsidization, and provision of…

Introduction: This research examined the perspective of the Huntington’s Disease (HD) community regarding the use of predictive biomarkers as endpoints for regulatory approval of therapeutics to prevent or delay the onset of…

Extraverts are often characterized as highly social individuals who are highly invested in their interpersonal interactions. We propose that extraverts’ interaction partners hold a different view—that extraverts are highly social, but not highly…