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Skills and Expertise
Publications
Publications (15)
Competition in product markets has made capitalism efficient. However, competition in product markets is limited because people care increasingly more about purpose than price. This essay investigates the nature of the market for purpose—our concern for growing personally and professionally, contributing to society, and belonging. Markets for purpo...
Nations worldwide are mobilizing to harness the power of Artificial Intelligence (AI) given its massive potential to shape global competitiveness over the coming decades. Using a dataset of 2.2 million AI papers, we study inter-city citations, collaborations, and talent migrations to uncover dependencies between Eastern and Western cities worldwide...
The production of economic surplus, or “prosperity,” was fundamental to financing the rise of pristine civilizations. Yet, prosperity attracts predation, which discourages the investments required for civilization. To the extent that the economic footing of civilization creates existential security threats, civilization is paradoxical. We claim tha...
I consider two games, a stag hunt and a prisoners’ dilemma. Each game either features non-binding, costless and free-form pre-play communication or not. I study experimentally the differential effect of communication across games and whether the frequency of verbal initiative-taking suggesting cooperation varies across games. I find that communicat...
Popular uprisings in autocracies seldom lead to democratic regimes. We propose a model that helps explain how rents from power encourage popular revolts. We study why citizens would follow a dissident group seeking regime change, if rents from change accrue only to the group. Our model predicts that higher rents may increase the incidence of public...
We study risk-shifting behavior in a laboratory experiment, a setup that overcomes methodological hurdles faced by empiricists in the past. The participants are high-level managers. We observe risk shifting in a simple setup, but less so in a setup with a continuation value. Reputation effects also reduce risk shifting. When combined, a continuatio...
We experimentally study ways in which social preferences affect individual and group performance under indefinitely repeated relative incentives. We also identify the mediating role that communication and leadership play in generating these effects. We find other-regarding individuals tend to depress efforts by 15% on average. However, selfish indi...
We use a controlled experiment to test under what conditions risk shifting happens. We ask the participants to act like the owners of a firm that has debt outstanding. Their task is to choose (in several scenarios) between a project with safe cash flows (such that the firm can repay its debt) and a project with risky cash flows (such that the firm...
Este trabajo estudia el efecto que tiene la asistencia a prekinder o kinder sobre el puntaje de las pruebas realizadas por el Sistema de Medición de la Calidad de la Educación (SIMCE) del año 2002. Las estimaciones se realizaron a través de dos enfoques econométricos diferentes. El primer modelo econométrico, de Función de Producción Educacional, s...
