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Stereotypes And Affirmative Action In Higher Education Admissions, Prasad Krishnamurthy, Aaron Edlin
Stereotypes And Affirmative Action In Higher Education Admissions, Prasad Krishnamurthy, Aaron Edlin
Aaron Edlin
No abstract provided.
Conservatism And Switcher's Curse, Aaron Edlin
Conservatism And Switcher's Curse, Aaron Edlin
Aaron Edlin
This paper formally models the virtues of Edmund Burke's conservatism, characterizes the optimal level of conservatism, and applies the model to management, law, and policy. I begin by introducing ``switcher's curse,'' a trap in which a decision maker systematically switches too often. Decision makers suffer from switcher's curse if they forget the reason that they maintained incumbent policies in the past and if they naively compare rival and incumbent policies with no bias for incumbent policies. Conservatism emerges as a heuristic to avoid switcher's curse. The longer a process or policy has been in place, the more conservative one …