Scholarly Works - Journal articles
Journal article
Review of Economic Studies
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January 1, 2024
A large psychology literature argues that, due to selective memory recall, decision-makers' forecasts of the future are overly influenced by the perceived news. We adopt the diagnostic expectations (DE) paradigm [Bordalo et al. (2018), Journal of Finance, ...
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Journal article
Quarterly Journal of Economics
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February 1, 2023
We develop a novel bounded rationality model of imperfect reasoning as the interaction between automatic (System 1) and analytical (System 2) thinking. In doing so, we formalize the empirical consensus of cognitive psychology using a structural, constraine ...
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Journal article
Journal of Political Economy
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October 1, 2018
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Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro-and microdata. In particular, they generate countercyclical move ...
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Journal article
Journal of the European Economic Association
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September 29, 2015
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Journal article
Journal of Monetary Economics
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January 1, 2015
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