We revisit the economic models of social learning by assuming that individuals update theirbeliefs in a non-Bayesian way. Individuals either overweigh or underweigh (in Bayesian terms)their private information relative to the public information revealed by the decisions of othersand each...

We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...

"Inspired Finance argues that much of the world's poor need access to financial services through vehicles such as microfinance rather than a continued reliance on charity. It demonstrates how modern microfinance traces its roots to various religious traditions, exploring the tension between...

This doctoral thesis explores three distinct aspects of owner control in private firms. The three paper projects, which constitute the extant dissertation, shed light on the overarching topic of owner control in private firms by elaborating on (1) the formation of business dynasties, (2)...

Here is one of the most fundamental questions in human life: How do we decide how we decide? We make such decisions all the time. If you trust your doctor, you might decide to follow a simple rule for medical decisions: Do whatever your doctor suggests. If you like someone a lot, and maybe love...