• Publications
  • Influence
The Return to Capital in Ghana
We show that the real return to capital in Ghana's informal sector is high. For farmers, we find annual returns ranging from 205-350% in the new technology of pineapple cultivation, and 30-50% inExpand
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Understanding the Advice of Commissions-Motivated Agents: Evidence from the Indian Life Insurance Market
We conduct a series of field experiments to evaluate the quality of advice provided by life insurance agents in India. Agents overwhelmingly recommend unsuitable, strictly dominated products, whichExpand
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The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market
We study a natural experiment in the Indian mutual funds sector that created a 22 month period in which closed-end funds were allowed to charge an arguably shrouded amortized fee whereas open-endExpand
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The Runner-Up Effect
Exploiting regression discontinuity designs in Brazilian, Indian, and Canadian first-past-the-post elections, we document that second-place candidates are substantially more likely than closeExpand
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Continued Existence of Cows Disproves Central Tenets of Capitalism?
We examine the returns from owning cows and buffaloes in rural India. With labor valued at market wages, households earn large, negative median returns from holding cows and buffaloes, at -304% andExpand
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Understanding the Advice of Commissions-Motivated Agents: Evidence from the Indian Life Insurance Market
We conduct a series of field experiments to evaluate the quality of advice provided by life insurance agents in India. Agents overwhelmingly recommend unsuitable, strictly dominated products thatExpand
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The Effects of Experience on Investor Behavior: Evidence from India's IPO Lotteries
We exploit the randomized allocation of stocks in 54 Indian IPO lotteries to 1.5 million investors between 2007 and 2012 to provide new estimates of the causal effect of investment experiences onExpand
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Adverse selection in asset markets: Theory and evidence from the Indian market for cows
Dairy cows cycle through periods where their quality is more observable (the milking phase), and where their quality is less observable (the dry phase). This variation in quality observabilityExpand
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There ’ s Something About Ambiguity ∗
We examine whether ambiguity aversion correlates with costume choice amongst children at Halloween. We conducted an ambiguity aversion experiment with children on Halloween during trick-or-treatingExpand
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Learning from Noise: Evidence from India’s IPO Lotteries
We study a natural experiment in which 1.5 million investors participate in allocation lotteries for Indian IPO stocks. Randomized IPO gains cause winning investors to increase applications to futureExpand
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