I propose a simple simulation procedure for large games with multiple equilibria. The simulation procedure is based on a best-response dynamic. The implied equilibrium selection mechanism is intuitive: more stable equilibria are selected with higher probability

NSC Entrepreneurship: A Framework of Analysis -- Against the Americanization of the Vietnam War: George W. Ball's Battle for LBJ's Heart and Mind, 1964-65 -- An Offbeat Entrepreneur: Gerard C. Smith and the SALT Negotiations, 1969-72 -- An Ill-Fated Success: Robert McFarlane and the "Iranian...

We propose a model of intergenerational transmission of education wherein children belong to either highly educated or low-educated families. Children choose the intensity of their social activities while parents decide how much educational effort to exert. Using data on adolescents in the...

We provide the first empirical application of a new approach proposed by Lee (2007) to estimate peer effects in a linear-in-means model. This approach allows to control for group-level unobservables and to solve the reflection problem. We investigate peer effects in student achievement in...

We study the social integration of ethnic minority children in the context of an early childhood program conducted in Turkey aimed at preparing 5-year-old native and Syrian refugee children for primary school. We randomly assign children to groups with varying ethnic composition and find that...