Employee creativity is the source of new products, services, or processes and crucial to a firm’s survival and success. Social factors play an important role in creativity. The first social factor is power. Power is ubiquitous in and an essential feature of organizations. Through a series of four field studies, we found that power is a double-edged sword – ... Read More

Trial and error, arguably the most common approach to problem solving, is frequently delegated. For example, pharmaceutical companies outsource aspects of drug development to contract research organizations, hedge fund executives hire researchers to mine data for profitable trading strategies, and governments regularly task consultants with finding creative ... Read More

Would people react positively or negatively if organizational decisions were made by AI instead of by traditional decision agents (i.e., human managers)? Whereas high-profile stories covered in news media suggest that the use of AI in organizational decision-making was viewed as unfair and received negatively, recent surveys showed that using AI in decision ... Read More

Education is one of the top expenditures for families, especially in Asia. For example, the average expenditure on a child’s education from primary school to undergraduate level in Hong Kong is more than any other regions/countries in the world. When examined closer, some educational purchases are made to develop a child’s strengths (i.e., strength-focused ... Read More

Recently, a growing number of media platforms have allowed users to pay for a premium version of their service that removes ads. A classic example is YouTube, which launched YouTube Red that is a paid service with no ads. This is puzzling because these platforms historically rely on advertising revenues to grow. In this research we develop a game theory ... Read More

Many retail investors find it difficult to choose financial products and seek the advice of professionals. Women are increasingly becoming an important client segment for the financial advice industry. To the extent that women follow the advice they receive, the quality of this advice can have important consequences for gender inequality in wealth and women ... Read More

Cash transfer programs (CTPs) have spread in the last decade to help fight extreme poverty in different parts of the world. However, these programs face challenges related to both exclusion errors, where households below the poverty line do not receive the intended support, and inclusion errors, where cash reaches households that do not require assistance. A ... Read More

Accounting fraud imposes significant costs on firms and their stakeholders in the forms of higher costs of capital, inefficient resource allocation, regulatory sanctions, and investment losses. Not surprisingly, stakeholders, regulators, and researchers are interested in fraud detection. Credit rating agencies are one of the most important information ... Read More

Do you see lights in bank office buildings in Central are usually on all night even during weekends and long lines at taxi stands near bank offices around midnight? In US, Banks’ “protected-weekend” policies restrict junior bankers from working during weekends. How are they actually affected? Prof. Okat from Finance used taxi rides from bank addresses in New ... Read More

Every day, we learn about others’ decisions from various sources. We perceive some of these decisions as choices of the more-preferred alternative and others as rejections of the less-preferred alternative. In which case are we more likely to follow another’s decision? We find that people are more likely to conform to another’s decision if it is perceived as ... Read More