Working papers
The value of conceptual knowledge (job market paper)
with Anirudh Sankar
Paper
Abstract [+]
We define and quantify the instrumental value of conceptual knowledge.
Such knowledge tells agents how unknown, payoff-relevant states relate.
It is distinct from the statistical knowledge gained from data on those states.
We formalize this distinction in a Bayesian decision framework with Gaussian priors and quadratic losses.
Conceptual knowledge is valuable because it empowers agents to collect more valuable data.
It is more valuable when states are more “reducible”: when they can be explained with fewer common concepts.
Its value is non-monotone in sample size and vanishes when samples have infinite size.
Agents who know more concepts can attain the same payoffs with less data.
This is especially true when states are highly reducible.
Persistence, patience and costly information acquisition
Paper
Abstract [+]
A forward-looking agent observes signals of a state that follows a Gaussian AR(1) process.
He chooses the signals’ precisions sequentially, balancing their marginal cost and informativeness.
I characterize his optimal learning strategy, and analyze his steady-state posterior beliefs and welfare.
Higher persistence can tighten or loosen these beliefs, but always lowers welfare due to endogenously higher information costs.
In contrast, higher patience raises welfare because the agent receives more information from his past selves.
How mechanistic explanations reshape learning and behavior: Evidence from a fertilizer choice experiment in Eastern Uganda
with Anirudh Sankar, Robert Dulin, Vesall Nourani, Jess Rudder, Abraham Salomon, and Godfrey Taulya
Paper
Abstract [+]
Mechanistic explanations play a key role in human cognition and scientific progress.
Despite their importance, we lack systematic evidence on whether and how mechanistic explanations help lay decision-makers interpret information in complex economic environments.
We evaluate the causal impact of including mechanistic explanations in an information intervention: public demonstrations of fertilizer use for smallholder tomato farmers in Eastern Uganda.
In all demonstrations, extension officers showcased the impact of a recommended fertilizer recipe.
In the treatment group, officers also explained the mechanisms underlying the recipe’s effects—introducing the language of macronutrients and the causal processes linking nutrients, soil features, and plant growth.
We collected detailed data on beliefs and behaviors from 797 farmers in a lab-in-the-field experiment conducted at the demonstration site and followed up with them over two growing seasons.
In the lab-in-the-field, treated farmers generalized more effectively and achieved 9% higher simulated profits in an incentivized fertilizer application task.
At endline, treated farmers’ real fertilizer choices reflected improved nutrient timing and balance, and their yields were 14% higher.
Published papers
Gender sorting among economists: Evidence from the NBER
Economics Letters, 2022
Paper
Code
Preprint
Abstract [+]
I compare the co-authorship patterns of male and female economists, using historical data on National Bureau of Economic Research working papers.
Men tended to work in smaller teams than women, but co-authored more papers and so had more co-authors overall.
Both men and women had more same-gender co-authors than we would expect if co-authorships were random.
This was especially true for men in Macro/Finance.
COVID-19, lockdown and two-sided uncertainty
with Arthur GrimesNew Zealand Economic Papers, 2022
Paper
Abstract [+]
When COVID-19 struck, the government had two choices: enter lockdown immediately or delay its decision.
Delaying would have allowed more information to emerge about health and economic impacts, and preserved the option to act later.
However, delaying may also have destroyed the option to eradicate COVID-19.
We model the government’s decisions under the health and economic uncertainty generated by COVID-19.
Our model captures both two-sided uncertainty and the dynamic consequences that flow from the government’s initial decision.
Research funding and collaboration
with Jason Gush, Shaun C. Hendy, and Adam B. JaffeResearch Policy, 2022
Paper
Code
Preprint
Abstract [+]
We analyze whether research funding contests promote co-authorship.
Our analysis combines Scopus publication records with data on the Marsden Fund, the premier source of funding for basic research in New Zealand.
We use fixed-effect models to analyze within-researcher-pair variation in co-authorship.
Among pairs who ever co-authored or co-proposed, co-authorship was 13.8 percentage points more likely in a given year if they had co-proposed during the previous ten years than if they had not.
This co-authorship rate was not significantly higher among funded pairs.
However, when we increase post-proposal publication lags towards the length of a typical award, we find that funding, rather than participation, promotes co-authorship.
Relatedness, complexity and local growth
with David C. MaréRegional Studies, 2021
Paper
Code
Preprint
Abstract [+]
We derive a measure of the relatedness between economic activities based on weighted correlations of local employment shares.
Our approach recognizes variation in the extent of local specialization and adjusts for differences in data quality between cities.
We use our measure to estimate activity and city complexity, and examine the contribution of relatedness and complexity to urban employment growth in New Zealand.
Relatedness and complexity are complementary in promoting employment growth in New Zealand’s largest cities, but do not contribute to employment growth in its smaller cities.
Other papers
See Google Scholar for a complete list.