We evaluate the impacts of adopting algorithmic predictions of future offending (risk assessments) as an aid to … judicial discretion in felony sentencing. We find that judges' decisions are influenced by the risk score, leading to longer … evidence that this reshuffling led to a decline in recidivism, and, over time, judges appeared to use the risk scores less …

Many cities with school choice programs employ algorithms to determine which applicants get seats in oversubscribed … schools. This study explores whether the New Orleans placement algorithm favored students of certain races or socioeconomic …

although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …

) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …

We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece … rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task …

increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …

communicate and coordinate at lower resource cost. The theory delivers full task specialization in the labor and education markets …

Risk-averse job seekers fearing the scarring effect of unemployment meet vacancies offering contractual employment … risk and the scarring risk of unemployment. SPC diversify the income risk, but provide only limited protection against the … scarring risk. (1) Workers strictly prefer contract market to spot market jobs. (2) A higher productivity, a lower probability …