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Why Do Universities Have Endowments?
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Economic actors have to make lots of decisions, and the paper is based on the premise that it takes time to be involved in any one of them. Attempts to economize on decision-making time imply that groups of peers may abdicate decision-making authority to a small set of managers even though this means that the information and preferences of the uninvolved players are neglected. We find that play...
متن کاملWhy do men have nipples?
Every day the home page of my internet service offers a selection of trivia including news of celebrities who are either sleeping with each other or splitting up. There is also usually an item of popular science, often packaged as ‘the latest research’. If one of these catches my eye I sometimes click on the link to read it in more detail. Two items I recently followed up in this way were heade...
متن کاملWhy do women have abortions?
Most respondents to a survey of abortion patients in 1987 said that more than one factor had contributed to their decision to have an abortion; the mean number of reasons was nearly four. Three-quarters said that having a baby would interfere with work, school or other responsibilities, about two-thirds said they could not afford to have a child and half said they did not want to be a single pa...
متن کاملWhy Do Entrepreneurs Have Higher Longevity Expectancies?
The health and lifespan of entrepreneurs not only affect their private decisions such as consumption and savings, assets transfer, life insurance and labor supply, but also their business decisions. Based on a large longitudinal data set of individuals in the United States, we find in our sample of business owners that they expect to live much longer (7.47% higher) than non business owners. Mor...
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ژورنال
عنوان ژورنال: Proceedings of the National Academy of Sciences
سال: 1990
ISSN: 0027-8424,1091-6490
DOI: 10.1073/pnas.87.5.1696