We consider a social learning model where agents learn about an underlying state of the world from individual observations as well as from exchanging information with each other. A principal (e.g. a firm or a government) interferes with the learning process in order to manipulate the beliefs of...

Misinformation has emerged as a major societal challenge in the wake of the 2016 U.S. elections, Brexit, and the COVID-19 pandemic. One of the most active areas of inquiry into misinformation examines how the cognitive sophistication of people impacts their ability to fall for misleading...

In light of the 2000 and 2016 presidential elections, there has been doubt about whether the electoral college is a "fair'' way of selecting a presidential candidate. Rather than taking a position on the issue, this paper attempts to quantify the importance of such a discussion. Toward this end,...

We present a model of online content sharing where agents sequentially observe an article and must decide whether to share it with others. The article may contain misinformation, but at a cost, agents can fact-check it to determine whether its content is entirely accurate. While agents derive...

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential borrowers. Borrowers are subject to shocks that may force them to default on their loans. In contrast to much of the previous literature on financial networks, we focus on how...

This paper develops a network model of interbank lending, in which banks decide to extend credit to their potential borrowers. Borrowers are subject to shocks that may force them to default on their loans. In contrast to much of the previous literature on financial networks, we focus on how...

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers but a scarcity of high skills, and an easy task assigned to a high-skill...

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers but a scarcity of high skills, and an easy task assigned to a high-skill...