Senior Fellows/Fellows

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Senior Fellows/Fellows

Decision Fatigue and Heuristic Analyst Forecasts

David HIRSHLEIFER, Yaron LEVI, Ben LOURIE, Siew Hong TEOH
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects analysts’ judgments. Analysts cover multiple firms and often issue several forecasts in a single day. We ...
Keywords: Analysts, Decision Fatigue, Heuristic, Behavioral finance
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AMPF Papers

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Commissioned Paper

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May 2024

Debt Supercycle versus Secular Stagnation

Kenneth ROGOFF
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Senior Fellows/Fellows

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Senior Fellows/Fellows

Death by Pokemon Go

John J. MCCONNELL, Mara FACCIO
Based on detailed police accident reports for Tippecanoe County, Indiana, and using the introduction of the virtual reality game Pokémon GO as a natural experiment, we document a disproportionate increase in vehicular crashes and associated vehicular damage, personal injuries, and fatalities in the...
Keywords: Vehicular Crashes, Cost of Users Playing Pokémon GO While Driving
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Annual Conference

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Corporate Finance, Senior Fellows/Fellows

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May 2015

Death by Committee? An Analysis of Corporate Board (Sub)-Committees

Renee B. ADAMS, Vanitha RAGUNATHAN, Robert TUMARKIN
Theoretical models of groups suggest that sub-group usage can affect communication among members and group decision-making. To examine the trade-offs from forming sub-groups, we assemble a detailed dataset on corporate boards (groups) and committees (sub-groups). Boards have increasingly used commit...
Keywords: board of directors, Committee, Decision-Making, Sarbanes-Oxley
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Commentaries

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2020, Pandemic

Dealing with a Liquidity Crisis: Economic and Financial Policies in China during the Coronavirus Outbreak

Zhiguo HE, Bibo LIU
The coronavirus outbreak that began last December sharply curtailed economic activities across China. In response to this sudden, nationwide, and potentially devastating liquidity shock, many coordinated economic and financial policies were initiated by the Chinese authorities to help the economy ba...
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