Adaptive learning and eductive learning are two widely used ways of modeling learning behavior in macroeconomics. Both approaches yield restrictions on model parameters under which agents are able to learn a rational expectation equilibrium (REE) but these restrictions do not always overlap with...

At a time when many public institutions are raising tuition rates in order to make up for decreasing state funding it is particularly important to understand how tuition rates affect the education and labor market decisions of students. The existing literature dealing with the cost of education...

An extensive literature on reputation signaling has focused on the desire for positive reputation. In our paper we provide field and lab evidence that some individuals are averse to any form of reputation; this aversion correlates with gender in a prosocial setting. We formalize our hypotheses...

In this paper, we study conditions under which the Condorcet Jury Theorem extends to the spatial model of elections. In the model, individuals with ideal points distributed over a unidimensional policy space vote over two alternatives, the location of one of which is uncertain. By employing the...

. . .

We study the effects of network externalities on a unique matching protocol for faculty in a large U.S. professional school to offices in a new building. We collected institutional, web, and survey data on faculty`s attributes and choices. We first identify the different layers of the social...

We study how group size affects cooperation in an infinitely repeated n-player Prisoner`s Dilemma (PD) game. In each repetition of the game, groups of size n ≤ M are randomly and anonymously matched from a fixed population of size M to play the n-player PD stage game. We provide conditions...