The pandemic due to the coronavirus disease 2019 (COVID-19) by its nature has affected all aspects of life. The impact on transportation sector has been investigated immediately as it played an important role in sustaining crucial functions. There are yet many unknowns regarding the future. This...

This Article provides the first sustained account of advice-giving as a fiduciary activity, and it demonstrates that the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary relationships only arise when one party has discretion...

A modern, decision-theoretic framework can help clarify important practical questions of experimental design. Building on our recent work, this chapter begins by summarizing our framework for understanding the goals of experimenters and applying this to rerandomization. We then use this...

The goal of this paper is to draw some lessons for economic theory from research in psychology, social psychology and, more briefly, in biology, which purports to explain the formation of social preferences. We elicit the basic mechanisms whereby a variety of social preferences are determined in...

Social-ecological systems are complex adaptive systems where social and biophysical agents are interacting at multiple temporal and spatial scales. The main challenge for the study of governance of social-ecological systems is improving our understanding of the conditions under which cooperative...

Keeping America competitive requires affordable energy. And here we have a serious problem: America is addicted to oil, which is often imported from unstable parts of the world, said President George W. Bush in his February 1, 2006 State of the Union Address, delivered before a Joint Session of...

The globalization of industry and commerce creates an imperative to understand how business leaders from different parts of the world make decisions. A recent study used the Decision Styles Inventory to compare the decision making of American business leaders with those of counterparts from...

This paper investigates the choice between delegation and centralization within political institutions in the presence of lobbying. Our legislature is composed of two bodies: the floor and an informational committee. The floor has the (formal) power to choose the policy to be implemented whereas...

Conflicts of interest can lead experts to give biased and corrupt advice. Although disclosure is often proposed as a potential solution to these problems, we show that it can have perverse effects. First, people generally do not discount advice from biased advisors as much as they should, even...

This paper evaluates the effects of statistical information on the propensity to favor a specific group of recipients when allocating a scarce public resource. We refer to scarce resource with reference to the COVID-19 emergency: allocation of the first round of vaccine and the allocation of...