Separating Auditing from Consulting: More Complex than it Seems
Market concentration, price and quality drive choice of firms
Our Envy of Prospective Events Is Greater Than of Those Past
That’s helpful information in a social media world filled with friends who do enviable things
Why Rising Stocks Sometimes Reverse, Then Rally
Cultural differences and investor behavior can drive reversals and momentum
One Way the Stock Market Sends Signals to Bond Traders
Thin stock trading, amid both price volatility and a period of potential economic change, leads bond investors to seek a higher yield
How the Seemingly Rapid Advance of Democracy Goes Astray
Using voting records from a unique transition in the 19th-century Caribbean, Christian Dippel examines the embrace of self-interest by new legislators
Gesturing Left to Right for Passage of Time Occurs by Age 6
Cultural norms — reading and the calendar — affect native English-speakers’ motioning constructs
Some Homeowners Pay Their Underwater Mortgages Until the Government Offers a Better Option
Federal loan modification program led borrowers to default
Distillers’ Dilemma: Sell Now or Let Whisky Age Further
Decision analysis for a firm considering adding a longer-aged product to its lineup
A Quiet Expansion of Deposit Insurance Could Disrupt U.S. Banking
Seen as a backstop to small- and midsized banks, the program, allowing insurance in multiples of $250,000, alters banking’s risk calculus
Migration — and Home Price Escalation — Happens Along Established Routes
Major cities reliably feed residents to the same smaller markets, and housing booms predictably travel with them
Middlemen: Matchmakers or Sources of Strategic Information?
Probing that question using a database of for-sale-by-owner home listings
Origin Story of Products: To Consumers, How Big a Team Seems Right?
Buyers value team over individual effort but are sensitive to invention-by-committee
A Stabler Climate Means Stronger Traditions
The link between environmental stability and cultural change explains why cultures evolve
The Surprising Power of Giving Up Choice Control
Abdicating a decision to someone else is viewed as an act of generosity that is handsomely rewarded
The Deterrent Effect of Ignition Interlock Devices — Before They’re Even Installed
Adding a car breathalyzer to existing penalties could substantially discourage drunken driving
Strict Emissions Rules in China Spur Automotive Innovations
Tough standards led to an increase in auto-related patents