We develop a dynamic model of board decision-making. We show that a board could retain a policy all directors agree is …

decision. We report results from lab experiments focused on such information-collection processes. We consider decisions … decision accuracies over time. Furthermore, groups using majority rule yield especially hasty and inaccurate decisions …

We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These …

decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that …

use existing information. Our results imply that credit scores improve the efficiency and decentralize decision-making in …

A number of studies claim that aggregate managerial decision variables, such as aggregate equity issuance, have power … aggregate pseudo market timing bias for a variety of predictive regressions based on managerial decision variables. We find that …

differences in underlying individual characteristics, or by biased decision makers. Becker (1957) proposed an outcome test for … bias leading to a large body of related empirical work, with recent innovations in settings where decision makers are … exogenously assigned to cases and vary progressively in their decision tendencies. We carefully examine what can be learned about …

errors in decision making are inevitable. Moreover, under the appropriate conditions, these decisions are random conditional … situations than would be possible with randomized control trials. This point is illustrated with data from medical decision …