M Bertrand, E Duflo… - 2002 - nber.org
Most Difference-in-Difference (DD) papers rely on many years of data and focus on serially
correlated outcomes. Yet almost all these papers ignore the bias in the estimated standard
errors that serial correlation introduce4s. This is especially troubling because the ...
M Bertrand… - 2003 - nber.org
We perform a field experiment to measure racial discrimination in the labor market. We
respond with fictitious resumes to help-wanted ads in Boston and Chicago newspapers. To
manipulate perception of race, each resume is assigned either a very African American ...
M Bertrand… - The Quarterly Journal of …, 2001 - qje.oxfordjournals.org
Abstract The contracting view of CEO pay assumes that pay is used by shareholders to solve
an agency problem. Simple models of the contracting view predict that pay should not be
tied to luck, where luck is defined as observable shocks to performance beyond the CEO's ...
M Bertrand… - The American Economic Review, 2001 - JSTOR
Many surveys contain a wealth of subjective questions that are at first glance rather exciting.
Examples include:" How important is leisure time to you?";" How satisfied are you with
yourself?"; or" How satisfied are you with your work?" Yet despite easy availability, this is ...
M Bertrand, P Mehta… - 2000 - nber.org
In many countries, controlling shareholders are accused of tunneling, transferring resources
from companies where they have few cash flow rights to ones where they have more cash
flow rights. Quantifying the extent of such tunneling, however, has proven difficult because ...
M Bertrand… - Journal of Political Economy, 2003 - JSTOR
Much of our understanding of corporations builds on the idea that managers, when they are
not closely monitored, will pursue goals that are not in shareholders' interests. But what
goals would managers pursue? This paper uses variation in corporate governance ...
This paper empirically examines the role of social networks in welfare participation. Social
theorists from across the political spectrum have argued that network effects have given rise
to a culture of poverty. Empirical work, however, has found it difficult to distinguish the ...
S Mullainathan… - American Economic Review, 2005 - JSTOR
We investigate the market for news under two assumptions: that readers hold beliefs which
they like to see confirmed, and that newspapers can slant stories toward these beliefs. We
show that, on the topics where readers share common beliefs, one should not expect ...
S Mullainathan… - 2000 - nber.org
Behavioral Economics is the combination of psychology and economics that investigates
what happens in markets in which some of the agents display human limitations and
complications. We begin with a preliminary question about relevance. Does some ...
J Gruber… - 2002 - nber.org
To measure how policy changes affect social welfare, economists typically look at how
policies affect behavior, and use a formal model to infer welfare consequences from the
behavioral responses. But when different models can map the same behavior to very ...
S Mullainathan - The Quarterly Journal of Economics, 2002 - qje.oxfordjournals.org
Abstract In order to investigate the impact of limited memory on human behavior, I develop a
model of memory grounded in psychological and biological research. I assume that people
take their memories as accurate and use them to make inferences. The resulting model ...
M Bertrand… - The Rand Journal of Economics, 1999 - JSTOR
Anecdotal evidence suggests that uncontrolled managers let wages rise above competitive
levels. To test this belief, we examine the wage impact of antitakeover legislation passed
throughout the 1980s in many states. Since many view hostile takeovers as an important ...
M Bertrand, D Karlin, S Mullainathan, E Shafir… - 2005 - nber.org
Numerous laboratory studies find that minor nuances of presentation and description
change behavior in ways that are inconsistent with standard economic models. How much
do these context effect matter in natural settings, when consumers make large, real ...
M Bertrand, S Mullainathan… - The World Bank Economic …, 2003 - World Bank
Abstract How are resources allocated within extended families in developing economies?
This question is investigated using a unique social experiment: the South African pension
program. Under that program the elderly receive a cash transfer equal to roughly twice the ...
S Mullainathan - NBER working paper, 2002 - cepr.org
Abstract I present a model in which people use categories to think about the world around
them. Faced with data, they first pick a category which best matches it. To make predictions,
they ask how representative an outcome would be of the chosen category. This simple ...
M Bertrand, S Mullainathan… - The American Economic Review, 2004 - JSTOR
Standard theorizing about poverty falls into two camps. Social scientists regard the
behaviors of the economically disadvantaged either as calculated adaptations to prevailing
circumstances or as emanating from a unique" culture of poverty," rife with deviant values. ...
M Bertrand,
D Karlan… - … Quarterly Journal of …, 2010 - qje.oxfordjournals.org
Abstract Firms spend billions of dollars developing advertising content, yet there is little field
evidence on how much or how it affects demand. We analyze a direct mail field experiment
in South Africa implemented by a consumer lender that randomized advertising content, ...
S Mullainathan, J Schwartzstein… - The Quarterly Journal …, 2008 - qje.oxfordjournals.org
Abstract We present a model of uninformative persuasion in which individuals “think
coarsely”: they group situations into categories and apply the same model of inference to all
situations within a category. Coarse thinking exhibits two features that persuaders take ...
M Bertrand, S Mullainathan… - Journal of Public Policy & Marketing, 2006 - JSTOR
This article considers several aspects of the economic decision making of the poor from the
perspective of behavioral economics, and it focuses on potential contributions from
marketing. Among other things, the authors consider some relevant facets of the social ...
M Bertrand… - The American Economic Review, 2005 - JSTOR
What drives people to discriminate? Economists focus on two main reasons:" taste-based"
and" statistical" discrimination. Under both models, individuals consciously discriminate,
either for a variety of personal reasons or because group membership provides ...
JR Brown, JR Kling, S Mullainathan… - 2008 - nber.org
Rational models of risk-averse consumers have difficulty explaining limited annuity demand.
We posit that consumers evaluate annuity products using a narrow" investment frame" that
focuses on risk and return, rather than a" consumption frame" that considers the ...
S Mullainathan… - 2002 - nber.org
There are two different types of media bias. One bias, which we refer to as ideology, reflects
a news outlet's desire to affect reader opinions in a particular direction. The second bias,
which we refer to as spin, reflects the outlet's attempt to simply create a memorable story. ...
M Bertrand, S Djankov, R Hanna… - The Quarterly Journal …, 2007 - qje.oxfordjournals.org
Abstract We study the allocation of driver's licenses in India by randomly assigning
applicants to one of three groups: bonus (offered a bonus for obtaining a license quickly),
lesson (offered free driving lessons), or comparison. Both the bonus and lesson groups ...
M Bertrand… - 2000 - nber.org
We empirically examine two competing views of CEO pay. In the contracting view, pay is
used to solve an agency problem: the compensation committee optimally chooses pay
contracts which give the CEO incentives to maximize shareholder wealth. In the skimming ...
S Mullainathan… - 2001 - papers.ssrn.com
Abstract: In his famous article," The Nature of the Firm," Ronald Coase (1937) raised two
fundamental questions that have spawned a large body of research: Do firm boundaries
affect the allocation of resources? And, what determines where firm boundaries are drawn ...
M Bertrand, S Mullainathan - 1999 - Citeseer
Abstract We examine the e# ects of anti-takeover legislation on CEO pay. Since these laws
altered an important component of governance, the threat of takeover, they provide a natural
testing ground for theories of executive compensation. Under skimming models, where ...
H Allcott… - Science, 2010 - sciencemag.org
Summary Many countries devote substantial public resources to research and development
(R&D) for energy-efficient technologies. Energy efficiency, however, depends on both these
technologies and the choices of the user. Policies to affect these choices focus on price ...
Tightly knit extended families, in which people often give money to and get money from
relatives, characterize many developing countries. These intra-family flows mean that public
policies may affect a very different group of people than the one they target. To assess the ...
S Mullainathan… - 2006 - nber.org
In traditional models, votes are an expression of preferences and beliefs. Psychological
theories of cognitive dissonance suggest, however, that behavior may shape preferences. In
this view, the very act of voting may influence political attitudes. A vote for a candidate may ...
S Mullainathan - … in Development Economics 2005: Lessons of …, 2005 - books.google.com
Psychological research, however, has documented the incompleteness of this perspective.
Individuals have self-control and time inconsistency problems. They can give in to short-run
temptations and later regret it. They can have strong feelings about others that drive them ...
A Banerjee… - 2010 - nber.org
This paper argues that the relation between temptations and the level of consumption plays
a key role in explaining the observed behaviors of the poor. Temptation goods are defined to
be the set of goods that generate positive utility for the self that consumes them, but not for ...
M Bertrand… - 1998 - nber.org
We investigate the impact of changes in states' anti-takeover legislation on executive
compensation. We find both pay for performance sensitivities and mean pay increase for the
firms affected by the legislation (relative to a control group). These findings are partially ...
S Mullainathan… - 2005 - nber.org
Persuasion is a fundamental part of social activity, yet it is rarely studied by economists. We
compare the traditional economic model, in which persuasion is communication of
objectively valuable information, with a behavioral model, in which persuasion is an effort ...
S Mullainathan… - 2003 - papers.ssrn.com
Abstract: We investigate the market for news under two assumptions: that readers hold
beliefs that they like to see confirmed, and that newspapers can slant stories toward these
beliefs. We show that, on the topics where readers share common beliefs, one should not ...
D Karlan, M McConnell, S Mullainathan… - 2010 - nber.org
We develop and test a simple model of limited attention in intertemporal choice. The model
posits that individuals fully attend to consumption in all periods but fail to attend to some
future lumpy expenditure opportunities. This asymmetry generates some predictions that ...
W Congdon, JR Kling… - 2009 - nber.org
Behavioral economics is changing our understanding of how economic policy operates,
including tax policy. In this paper, we consider some implications of behavioral economics
for tax policy, such as how it changes our understanding of the welfare consequences of ...
DS Abrams, M Bertrand… - American Law & …, 2008 - law.bepress.com
Abstract Are minorities treated differently by the legal system? Systematic racial differences
in case characteristics, many unobservable, make this a difficult question to answer directly.
In this paper, we estimate whether judges differ from each other in how they sentence ...
[CITATION] VAre Emily and Greg more employable than Lakisha and Jamal
M Bertrand… - A field experiment on labor market discrimination. V …, 2004
M Bertrand… - Journal of the European …, 2003 - Wiley Online Library
Abstract Most corporate finance models of firm behavior study the typical US corporation:
one firm with a large set of dispersed shareholders. In contrast, in many countries around the
world, firms are often held in groups with complicated ownership structures. These groups, ...
M Bertrand, S Djankov, R Hanna… - 2006 - nber.org
We follow 822 applicants through the process of obtaining a driver's license in New Delhi,
India. To understand how the bureaucracy responds to individual and social needs,
participants were randomly assigned to one of three groups: bonus, lesson, and ...
JR Kling, S Mullainathan, E Shafir… - Unpublished …, 2008 - nber.org
ABSTRACT Choices increasingly abound for various government supported services,
ranging from charter schools to health plans. 24 million elderly Americans have enrolled in
Medicare Part D prescription drug coverage during the past two years and may choose ...
[CITATION] Are Emily and Brendan more employable than Latoya and Tyrone? Evidence on racial discrimination in the labor market from a large randomized …
M Bertrand… - American Economic Review, 2004
M Bertrand, R Hanna… - 2008 - nber.org
Many countries mandate affirmative action in university admissions for traditionally
disadvantaged groups. Little is known about either the efficacy or costs of these programs.
This paper examines affirmative action in engineering colleges in India for" lower-caste" ...
AV Banerjee… - The American Economic Review, 2008 - JSTOR
Economists have long been interested in the idea that there is a direct circular relation
between poverty and low productivity, and not just one that is mediated by market failures,
usually in asset markets. The nutrition-based efficiency wage model (Partha Dasgupta ...
A Banerjee, M Bertrand, S Datta… - Journal of Comparative …, 2009 - Elsevier
We study the role of caste and religion in India's new economy sectors—software and call-
centers—by sending 3160 fictitious resumes in response to 371 job openings in and around
Delhi (India) that were advertised in major city papers and online job sites. We randomly ...
S Mullainathan - Behavioral Economics and Its Applications, 2004 - books.google.com
Economists often study scarcity, yet their conception of decision-making assumes an
abundance of psychological resources. In the standard economic model, people are
unbounded in their ability to think through problems. Regardless of complexity, they can ...
[CITATION] Behaviorally informed financial services regulation
MS Barr, S Mullainathan, E Shafir… - 2008 - New America Foundation
D Karlan… - forthcoming, QFinance, 2009 - ifmr.ac.in
Sameer is a farmer who subsists on three acres of land in rural India. While much of the land
is fertile, nearly 50% of his income goes towards the interest payments from money-lender
loans, loans which are necessary to finance his crops. Moreover, some of his land is ...
O Amir, D Ariely, A Cooke, D Dunning, N Epley… - Marketing Letters, 2005 - Springer
Abstract Economics has typically been the social science of choice to inform public policy
and policymakers. In the current paper we contemplate the role behavioral science can play
in enlightening policymakers. In particular, we provide some examples of research that ...
S Mullainathan… - Insufficient Funds: Savings, Assets, …, 2009 - psych.princeton.edu
Sendhil Mullainathan and Eldar Shafir heories about poverty, held both by social scientists
and by regular folks,'I1typically fall into one of two camps: those who regard the behaviors of
the economically disadvantaged as calculated adaptations to prevailing circumstances, ...
A Banerjee… - Eleventh BREAD Conference on …, 2007 - cepr.eu
There is now a broad consensus that self# control problems are very important in
understanding diverse phenomena ranging from the economics of health clubs to the
demand for pension plans. This paper attempts to investigate in what ways thinking about ...
B Malkiel, S Mullainathan… - Journal of Applied …, 2005 - Wiley Online Library
2. Abstract Two prominent economists—one the author of A Random Walk Down Wall Street
and the other a leading scholar in behavioral finance—debate the current validity of the
efficient markets hypothesis (EMH). For over 30 years, the idea that capital markets are ...
[CITATION] jHow much should be trust difference# in# difference estimates
M Bertrand, E Duflo… - kQuarterly Journal of Economics, 2004
A Banerjee, S Mullainathan… - 2012 - nber.org
ABSTRACT In this paper, we provide a new framework for analyzing corruption in public
bureaucracies. The standard way to model corruption is as an example of moral hazard,
which then leads to a focus on better monitoring and stricter penalties with the eradication ...
S Mullainathan, M Nöth… - Unpublished Working Paper, 2009 - nber.org
A growing literature shows that households are prone to behavioral biases in choosing
portfolios. Yet a large market for advice exists which can potentially insulate households
from these biases. Advisers may efficiently mitigate these biases, especially given the ...
MS Barr, S Mullainathan… - Borrowing to live: Consumer …, 2008 - books.google.com
Choosing a mortgage is one of the biggest financial decisions an American consumer will
make. Yet it can be a complicated one, especially in today's environment, where mortgages
vary along several dimensions and on unique features. This complexity has raised ...
JR Kling, S Mullainathan, E Shafir, L Vermeulen… - 2011 - nber.org
Consumers need information to compare alternatives for markets to function efficiently.
Recognizing this, public policies often pair competition with easy access to comparative
information. The implicit assumption is that comparison friction—the wedge between the ...
M Bertrand… - 2003 - business.illinois.edu
Abstract How does a firm's investment change with its cash flow? To study this question, we
collect detailed project level data on oil and gas lease auctions. Bidding data on all tracts
and bidders, including losing ones allow us to track changes in relative bid prices and ...
M Bertrand… - 2005 - nber.org
The strong positive relationship between corporate cash flow and investment has been
interpreted through the lens of both agency-and non-agency-based models. In this paper,
we distinguish between these two interpretations using project-level data in the oil and ...
TM Amabile, SJ Kramer, R Dixon… - Harvard Business …, 2010 - mendeley.com
Abstract The article presents The HBR List of breakthrough ideas for 2010 which is compiled
by this journal in collaboration with the World Economic Forum. The ten problems and the
innovative solutions are discussed in each essay. The article titles are" What Really ...
J Ludwig, JR Kling… - 2011 - nber.org
Randomized controlled trials are increasingly used to evaluate policies. How can we make
these experiments as useful as possible for policy purposes? We argue greater use should
be made of experiments that identify behavioral mechanisms that are central to clearly ...
B Ananth,
D Karlan… - Unpublished (DRAFT), 2007 - poverty-action.org
How do microfinance clients manage their cash? What drives and constrains their
investment behavior? Is there an underlying pattern in their occupational choices? Gaining
insight on these questions is important, because it helps us understand the scalability of ...
M Bertrand… - 1998 - nber.org
Anecdotal evidence suggests that uncontrolled managers let wages rise above competitive
levels. Testing this popular perception has proven difficult, however, because independent
variation in the extent of managerial discretion is needed. In this paper, we use states' ...
S Mullainathan - 2006 - books.google.com
A recent theme of development economics is that institutions matter. Enforcing property
rights promotes investment because people can reap the returns of what they sow (both
literally and figuratively). Good courts, with judges who make speedy decisions, allow ...
M Kremer,
E Miguel, S Mullainathan, C Null… - Unpublished …, 2009 - ase.tufts.edu
Abstract: Fewer than 10% of households in the Kenyan study area use individually-
packaged dilute chlorine solution for home water purification, sold at a retail price of $0.30
per month, despite years of social marketing. Using a series of randomized evaluations, ...
[CITATION] and Shleifer, A, 2008:“Coarse Thinking and Persuasion'”
S Mullainathan… - Quarterly Journal of Economics
[CITATION] VDo People Mean What They Say
M Bertrand… - Implications for Subjective Survey Data. V American …, 2001
[CITATION] Enjoying the quite life
B Marianne… - … governance and managerial preferences, Journal of …, 2003
[CITATION] Misperceived Prices: Medicare Drug Plan Choice
J Kling, S Mullainathan, E Shaffir, L Vermeulen… - Unpublished Manuscript, …, 2008
S Mullainathan… - 2001 - econ.bgu.ac.il
Might Sam be Rational?• reasons why his choice may be rational: 1. perhaps he likes
behavioral economics (positive utility from studying it)–too easy explanation 2. perhaps
there will be a high demand for behavioral economists sometime in the future–that is, ...
S Kaur, M Kremer… - American Economic Review Papers …, 2010 - Citeseer
Page 1. 1 Self-Control and the Development of Work Arrangements Supreet Kaur,
Michael Kremer, and Sendhil Mullainathan* A significant part of the development
experience is the change in the way work is structured. To use ...
M Bertrand, S Djankov, R Hanna… - Economic and Political …, 2008 - JSTOR
This paper studies the process of obtaining a driving licence in Delhi. On the average,
individuals pay about twice the official amount to obtain a licence and very few take the
legally required driving test, resulting in many unqualified yet licenced drivers. The ...
[CITATION] Enjoying the quiet life? Corporate governance and managerial preferences
M Betrand… - Journal of Political Economy, 2003
WJ Congdon, JR Kling… - 2011 - books.google.com
Traditional public finance provides a powerful framework for policy analysis, but it relies on a
model of human behavior that the new science of behavioral economics increasingly calls
into question. In Policy and Choice economists William Congdon, Jeffrey Kling, and ...
S Mullainathan… - 2010 - nber.org
Abstract: This paper analyzes a reform of market entry regulation in Lima, Peru. We show
that the reform reduced time-to-license from 40 to 16 days and increased the annual number
of new licenses fourfold from 1,758 to 8,517. We demonstrate that the large increase is ...
[CITATION] Boosting program take-up: An experiment with flexible spending accounts
J Schwartz, M Bertrand, S Mullainathan… - Behavioral Decision Research in …, 2006
M Bertrand… - The Ones Without Principal Do, NBER …, 2000 - Citeseer
Abstract We empirically examine two competing views of CEO pay. In the contracting view,
pay is used to solve an agency problem: the compensation committee optimally chooses
pay contracts which give the CEO incentives to maximize shareholder wealth. In the ...
H Allcott, S Mullainathan… - New York University …, 2011 - www-leland.stanford.edu
Abstract We use a theoretical model and empirically'calibrated simulations of the automobile
market to show how the traditional logic of Pigouvian taxation changes when consumers are
inattentive to energy costs. Under inattention, there is a VTriple DividendV from externality ...
[CITATION] Behavioral economics
M Sendhil… - 2000 - New York: NBER
[CITATION] Do Cigarette Taxes Make Smokers Happier
S Mullainathan… - NBER working paper, 2002
RH Thaler… - NBER Reporter, 1995 - elibrary.ru
Поиск в библиотеке, Расширенный поиск. ...
[CITATION] How Much Should
M Bertrand, E Duflo… - 2004
[CITATION] Affirmative Action: Evidence from college admissions in India
M Bertrand, R Hanna… - NBER Working Paper, 2008
MS Barr, S Mullainathan, E Shafir… - New perspectives on …, 2009 - books.google.com
Policymakers approach human behavior largely through the perspective of the “rational
agent” model, which relies on normative, a priori analyses of the making of rational
decisions. This perspective is promoted in the social sciences and in professional schools, ...
[CITATION] a. RHT (2000). Behavioral Economics
S Mullainathan - from NBER Working Papers
[CITATION] Are CEOs rewarded for luck? A test of performance filtering
M Bertrand… - Quaterly Journal of Economics, forthcoming, 1999
[CITATION] Confusion and Choice in Medicare Drug Plan Selection
JR Kling, S Mullainathan, E Shafir, L Vermeulen… - Unpublished Manuscript, 2008
[CITATION] VBehavioral Science and Energy Conservation
H Allcott… - V Work (ing Paper, Massachusetts Institute of …, 2009
[CITATION] sWhatrs Psychology Worth
M Bertrand, D Karlan, S Mullainathan, E Shafir… - A Field Experiment in the …, 2006
If you listen to the strongest pitches for microfinance, you would imagine that everyone
offered microfinance would leap at the chance to be a customer. Yet this is not so. Evidence
shows that it's usual that under half of eligible households participate in microfinance. ...
[CITATION] Do CEOs Set Their Own Pay?: The Ones Without Principal Do
M Bertrand, S Mullainathan… - 2000 - Industrial Relations Section, …
[CITATION] Are Emily and Brendan More Employable Than Latoya and Tyrone? Field Experiment Evidence on Racial Discrimination in the Labor Market
M Bertrand… - NBER Working Paper, 2002
[CITATION] Forthcoming.“What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment.”
M Bertrand, D Karlin, S Mullainathan, E Shafir… - Quarterly Journal of Economics
MS Barr, S Mullainathan… - Ann Arbor, 2008 - papers.ssrn.com
Abstract: Choosing a mortgage is one of the biggest financial decisions an American
consumer will make. Yet it can be a complicated one, especially in today's environment
where mortgages vary in dimensions and unique features. This complexity has raised ...
[CITATION] Notes on Behavioral Economics and Labor Market Policy
L Babcock, W Congdon, L Katz… - diciembre (inédito), 2009
[CITATION] Targeting with Agents: Theory and Evidence for India's Below Poverty Line Cards
A Atanassova, M Bertrand, S Mullainathan… - UC San Diego. Processed, 2010
[CITATION] The market for news. December 2003
S Mullainathan… - Harvard University mimeo
[CITATION] A One-Size-Fits-All Solution
MS Barr, S Mullainathan… - New York Times, December, 2007
[CITATION] What's in a Name for Black Job Seekers?
M Bertrand… - NBER Working Paper, 2004
[CITATION] Who Runs Informal Businesses in São Paulo
M Bertrand, S Djankov, S Mullainathan… - Harvard University, Department …, 2006
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