Publications

Publications List

330 Publications
Journal Article
We introduce and analyze expected uncertain utility (EUU) theory. A prior and an in- terval utility characterize an EUU decision maker. The decisionmaker transforms each uncertain prospect into an interval-valued prospect that assigns an interval of prizes to each state. She then ranks prospects according to their expected interval utilities. We…
Journal Article
We develop an extension of Luce's random choice model to study violations of the weak axiom of revealed preference. We introduce the notion of a stochastic preference and show that it implies the Luce model. Then, to address well-known difficulties of the Luce model, we define the attribute rule and establish that the existence of a well-defined…
Unpublished
In this paper we reassess the literature of growth by looking at the evolution of the European economy from around 1200 to 1900. Employing a comprehensive dataset for the European continent that includes geographic and climate features (1200-1800), urbanization data (1200-1800), per capita income data in the second half of the 19th century,…
Journal Article
Some scholars known as offensive realists claim that in the uncertainty of world politics, trust and cooperation between states is extremely unlikely. Others, such as defensive realists, claim that rational states are capable of finding ways to counteract the complications created by misperceptions and distrust, and to reduce uncertainty to levels…
Journal Article
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on costly participation decisions. The data reveal…
Journal Article
We study the extent to which communication can serve as a collusion device in one-shot first- and second-price sealed-bid auctions. In an array of laboratory experiments we vary the amount of interactions (communication and/or transfers without commitment) available to bidders. We find that communication alone leads to statistically significant…
Journal Article
The evolution of cooperation in nature and human societies depends crucially on how the benefits from cooperation are divided and whether individuals have complete information about their payoffs. We tackle these questions by adopting a methodology from economics called mechanism design. Focusing on reproductive skew as a case study, we show that…
Journal Article
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the public good, and reputational concern for appearing…
Journal Article
Exploiting regression discontinuity designs in Brazilian, Indian, and Canadian first-past-the-post elections, we document that second-place candidates are substantially more likely than close third-place candidates to run in, and win, subsequent elections. Since both candidates lost the election and had similar electoral performance, this is the…
Journal Article
Despite the large increases in economic inequality since 1970, American survey respondents exhibit no increase in support for redistribution, in contrast to the predictions from standard theories of redistributive preferences. We replicate these results but further demonstrate substantial heterogeneity by demographic groups. In particular, the two…
Journal Article
Despite the large increases in economic inequality since 1970, American survey respondents exhibit no increase in support for redistribution, contrary to the predictions from standard theories of redistributive preferences. We replicate these results but further demonstrate substantial heterogeneity by demographic group. In particular, the two…
Journal Article
In "The Strategic Logic of Suicide Terrorism," Robert Pape (2003) presents an analysis of his suicide terrorism data. He uses the data to draw inferences about how territorial occupation and religious extremism affect the decision of terrorist groups to use suicide tactics. We show that the data are incapable of supporting Pape's conclusions…
Journal Article
The focus of this paper is the endogenous formation of peer groups. In our model, agents choose peers before making contributions to public projects, and they differ in how much they value one project relative to another. Thus, the group's preference composition affects the type of contributions made. We characterize stable groups and find that…
Journal Article
We study the effects of network externalities within a protocol for matching faculty to offices in a new building. Using web and survey data on faculty's attributes and choices, we identify the different layers of the social network: institutional affiliation, coauthorships, and friendships. We quantify the effects of network externalities on…
Journal Article
This paper studies the formation of peer groups entailing the joint production of public goods. In our model agents choose their peers and have to pay a connection cost for each member added to the group. After groups are formed, each agent selects a public project to make a costly contribution to, and all members of the group experience the…
Journal Article
This paper uses a new dataset on child-adoption matching to estimate the preferences of potential adoptive parents over US-born and unborn children relinquished for adoption. We identify significant preferences favoring girls and against African American children put up for adoption. These attitudes vary in magnitudes across different adoptive…
Unpublished
We study a dynamic matching environment where individuals arrive sequentially. There is a tradeoff between waiting for a thicker market, allowing for higher quality matches, and minimizing agents' waiting costs. The optimal mechanism cumulates a stock of incongruent pairs up to a threshold and matches all others in an assortative fashion…
Conference Paper
We consider two classes of explanations for the rise in policy-related economic uncer- tainty in the United States since 1960. The first stresses growth in government spending, taxes, and regulation. A second stresses increased political polarization and its implications for the policy-making process and policy choices.
Journal Article
We analyze the role of cheap-talk in two player games with one-sided incomplete information. We identify conditions under which (1) players can fully communicate and coordinate on efficient Nash equilibria of the underlying complete information game; and (2) players cannot communicate so cheap-talk does not alter the equilibrium set of the…
Journal Article
Individual contributors far outpace political action committees (PACs) as the largest source of campaign financing, yet recent scholarship has largely focused on PAC giving. Moreover, the literature on individual contributors questions whether they sophisticatedly differentiate among candidates according to their policy positions and spheres of…
Journal Article
This is a timely and ambitious paper on an important topic. The phenomenon of social sorting and its role in human capital transmission is one that every parent and homeowner has direct experience with. On the other hand, the economic research tying it to {$\backslash$textquotedblleft}larger{$\backslash$textquotedblright} issues of national…
Journal Article
In arising rational-expectations the economic from simple models extrapolation revolution of old, in agents or macroeconomics, error-correction had backward-looking and rules. in microeconomics Then expectations, came the arising from simple extrapolation or error-correction rules. Then came the rational-expectations revolution in macroeconomics,…
Journal Article
I present key ideas and results from recent work incorporating " motivated " belief distortions into Economics, both at the individual level (overconfidence, wishful thinking, willful blindness) and at the social one (groupthink, team morale, market exuberance and crises). To do so I develop a flexible model that unifies much of this line of…