Working Papers

Below are links to the working papers by current and former Caltech social sciences faculty and their collaborators. Papers can be sorted by number, title, author name, or date by clicking on the corresponding column heading. Certain working papers with numbers below 1000 are not available online. Paper copies may be requested from, and any other questions about working papers can be directed to, the HSS working paper coordinator ( Please include the working paper number, author, and title, and your full mailing address in your request for a paper copy, which will be sent to you at no charge.

# Title Authors Created
1439 Statistical Discrimination and Affirmative Action in the Lab Dianat, Ahrash
Echenique, Federico
Yariv, Leeat
1438 Design of Tradable Permit Programs under Imprecise Measurement Ledyard, John O. 03/20/2018
1437 Learning to Alternate Arifovic, Jasmina
Ledyard, John O.
1436 Mimicking Portfolios Roll, Richard
Srivastava, Akshay
1435 Tick Size, Price Grids and Market Performance: Stable Matches as a Model of Market Dynamics and Equilibrium Plott, Charles R.
Roll, Richard
Seo, Han
Zhao, Hao
1434 Fairness and efficiency for probabilistic allocations with endowments Echenique, Federico
Zhang, Jun
Miralles, Antonio
1433 Axiomatizations of the Mixed Logit Model Saito, Kota 09/15/2017
1432 A Testbed Experiment of a (Smart) Marked Based, Student Transportation Policy: Non Convexities, Coordination, Non Existence Lee, Hsing Yang
Maron, Travis
Plott, Charles R.
Seo, Han
1431 A Protocol for Factor Identification Pukthuanthong, Kuntara
Roll, Richard
Subrahmanyam, Avanidhar
1430 Generalized Portfolio Performance Measures: Optimal Overweighting of Fees Relative to Sample Returns Levy, Moshe
Roll, Richard
1429 Manipulation Plott, Charles R. 06/19/2017
1428 Preference Identification Chambers, Christopher P.
Echenique, Federico
Lambert, Nicolas S
1427 Candidate entry and political polarization: An experimental study Grober, Jens
Palfrey, Thomas R.
1426 Empirical Evidence of Overbidding in M&A Contests de Bodt, Eric
Cousin, Jean-Gabriel
Roll, Richard
1425 Nowhere to Run, Nowhere to Hide: Asset Diversification in a Flat World Cotter, John
Gabriel, Stuart
Roll, Richard
1424 ACE: A Combinatorial Market Mechanism Fine, Leslie
Goeree, Jacob K.
Ishikida, Takashi
Ledyard, John O.
1423 The Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality Agranov, Marina
Palfrey, Thomas R.
1422 Communication Among Voters Benefits the Majority Party Palfrey, Thomas R.
Pogorelskiy, Kirill
1421 Subset Optimization for Asset Allocation Gillen, Benjamin J. 06/02/2016
1420 A Characterization of Combinatorial Demand Chambers, Christopher P.
Echenique, Federico
1419 Improved Methods for Detecting Acquirer Skills de Bodt, Eric
Cousin, Jean-Gabriel
Roll, Richard
1418 On Multiple Discount Rates Chambers, Christopher P.
Echenique, Federico
1417 Full Stock Payment Marginalization in M&A Transactions de Bodt, Eric
Cousin, Jean-Gabriel
Roll, Richard
1416 Random Projection Estimation of Discrete-Choice Models with Large Choice Sets Chiong, Khai X.
Shum, Matthew
1415 The Political Economy of Public Debt: A Laboratory Study Battaglini, Marco
Nunnari, Salvatore
Palfrey, Thomas R.
1414 An "Enhanced" Corporate Valuation Model: Theory and Empirical Tests Cornell, Bradford
Gokhale, Rajiv
1413 Information Flow and Expected Inflation: an Empirical Analysis Cornell, Bradford 12/22/2015
1412 Two Information Aggregation Mechanisms for Predicting the Opening Weekend Box Office Revenues of Films: Box Office Prophecy and Guess of Guesses Court, David
Gillen, Benjamin J.
McKenzie, Jordi
Plott, Charles R.
1411 Seeking Alpha? It's a Bad Guideline for Portfolio Optimization Levy, Moshe
Roll, Richard
1410 Response Time and Utility Echenique, Federico
Saito, Kota
1409 Average Choice Ahn, David
Echenique, Federico
Saito, Kota
1408 Trading Votes for Votes. A Decentralized Matching Algorithm Casella, Alessandra
Palfrey, Thomas R.
1407 General Luce Model Echenique, Federico
Saito, Kota
1406 Multiple Items, Ascending Price Auctions: An Experimental Examination of Alternative Auction Sequences Kim, Dae Hyun
Lee, Hsing Yang
Maron, Travis
Plott, Charles R.
Teo, Ruijie D.
1405 An Agnostic and Practically Useful Estimator of the Stochastic Discount Factor Pukthuanthong, Kuntara
Roll, Richard
1404 Call Market Experiments: Efficiency and Price Discovery Through Multiple Calls and Emergent Newton Adjustments Plott, Charles R.
Pogorelskiy, Kirill
1403 Duality in Dynamic Discrete Choice Models Chiong, Khai X.
Galichon, Alfred
Shum, Matthew
1402 To Score or Not to Score? Estimates of a Sponsored Search Auction Model Hsieh, YU-Wei
Shum, Matthew
Yang, Sha
1401 Testable Implications of Translation Invariance and Homotheticity: Variational, Maxmin, Cara and CRRA Preferences Chambers, Christopher P.
Echenique, Federico
Saito, Kota
1400 How Cheap Talk Enhances Efficiency in Public Goods Games Palfrey, Thomas R.
Rosenthal, Howard
Roy, Nilanjan
1399 Static and Dynamic Underinvestment: An Experimental Investigation Agranov, Marina
Frechette, Guillaume
Palfrey, Thomas R.
Vespa, Emanuel
1398 Can Housing Risk be Diversified? A Cautionary Tale from the Housing Boom and Bust Cotter, John
Gabriel, Stuart
Roll, Richard
1397 Estimating Multinomial Choice Models Using Cyclic Monotonicity Shi, Xiaoxia
Shum, Matthew
Song, Wei
1396 Testing the Quantal Response Hypothesis Melo, Emerson
Pogorelskiy, Kirill
Shum, Matthew
1395 Correlated Equilibria in Voter Turnout Games Pogorelskiy, Kirill 08/26/2014
1394 Information Transfer and Aggregation in an Uninformed Committee: A Model for the Selection and Use of Biased Expert Advice Plott, Charles R.
Llewellyn, Morgan
1393 The Propagation of Shocks Across International Equity Markets: A Microstructure Perspective Roll, Richard
Bongaerts, Dion
Rosch, Dominik
van Dijk, Mathijs
Yuferova, Darya
1392 Resolving the Errors-in-Variables Bias in Risk Premium Estimation Roll, Richard
Wang, Junbo
Pukthuanthong, Kuntara
1391 Choosing with the Worst in Mind: A Reference-Dependent Model Tserenjigmid, Gerelt 07/14/2014
1390 The Hubris Hypothesis: Emperical Evidence Roll, Richard
de Bodt, Eric
Cousin, Jean-Gabriel