Journal ArticleEconometrica · September 1, 2023
An agent observes the set of available projects and proposes some, but not necessarily all, of them. A principal chooses one or none from the proposed set. We solve for a mechanism that minimizes the principal's worst-case regret. We compare the single-pro ...
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Journal ArticleReview of Economic Studies · July 1, 2023
This article develops a model to explore how favour exchange influences wealth dynamics. We identify a key obstacle to wealth accumulation: wealth crowds out favour exchange. Therefore, households must choose between growing their wealth and accessing favo ...
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Journal ArticleEconomic Theory · October 1, 2021
I analyze an individual’s incentive to disclose hard evidence in the context of committee voting. A committee consists of three members: one left-leaning, one right-leaning, and the third ex ante unbiased. They decide on whether to pursue a left or right p ...
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Journal ArticleTheoretical Economics · May 1, 2021
We consider a platform that provides probabilistic forecasts to a customer using some algorithm. We introduce a concept of miscalibration, which measures the discrepancy between the forecast and the truth. We characterize the platform's optimal equilibrium ...
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Journal ArticleQuarterly Journal of Economics · February 1, 2021
Communication facilitates cooperation by ensuring that deviators are collectively punished. We explore how players might misuse communication to threaten one another, and we identify ways that organizations can deter misuse and restore cooperation. In our ...
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Journal ArticleEconometrica · March 1, 2019
A sender persuades a receiver to accept a project by disclosing information about a payoff-relevant quality. The receiver has private information about the quality, referred to as his type. We show that the sender-optimal mechanism takes the form of nested ...
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Journal ArticleTheoretical Economics · September 1, 2018
A fully committed sender seeks to sway a collective adoption decision through designing experiments. Voters have correlated payoff states and heterogeneous thresholds of doubt. We characterize the sender-optimal policy under unanimity rule for two persuasi ...
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Journal ArticleAmerican Economic Review · August 1, 2016
I study a dynamic relationship where a principal delegates experimentation to an agent. Experimentation is modeled as a one-armed bandit that yields successes following a Poisson process. Its unknown intensity is high or low. The agent has private informat ...
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