Each period, a principal must assign one of two agents to new task. agent privately learns whether he is qualified for the An wishes be chosen independently qualification and chooses apply The appoint most which as function public history profits. We fully characterize when principal's first‐best payoff attainable in equilibrium identify simple strategy profile achieving this whenever feasible....

Abstract Can algorithms assist firms in their decisions on nominating corporate directors? Directors predicted by to perform poorly indeed do compared a realistic pool of candidates out-of-sample tests. Predictably bad directors are more likely be male, accumulate directorships, and have larger networks than the algorithm would recommend place. Companies with weaker governance structures nomina...