In contrast to the well-established roles of the striatum in movement generation and value-based decisions, its contributions to perceptual decisions lack direct experimental support. Here, we show that electrical microstimulation in the monkey caudate nucleus influences both choice and saccade response time on a visual motion discrimination task. Within a drift-diffusion framework, these effec...

We argue that individual characteristics of managers can explain capital structure decisions like debt conservatism and pecking-order …nancing choices. Moreover, they can explain cross-sectional variation in these decisions despite identical …rm characteristics. We link the reluctance of (some) managers to access external capital markets, and in particular equity markets, to managerial overcon…...

I examine the role of geography in the labor market for CEOs. I begin by investigating the joint distribution of CEO state of origin and firm headquarters location and find that the frequency with which firms hire CEOs from their own state is five times more than is expected under a model where geography plays no role in the hiring process. When considering only external hiring decisions, this ...

We build on previous research the behavioral theory of firm to examine relationship between performance shortfalls and internationalization. start from existing literature in claiming that interplay aspirations restoring survival concerns leads an inverted U-shaped a firm's its new Our main contribution is show CEO duality moderates this relationship. Dual CEOs have high control board reduces o...

This study investigated the effects on perceptual and motor decisions of low-contrast distractors, presented 5° on the left and/or the right of the fixation point. Perceptual decisions were assessed with a Yes/No (distractor) detection task. Motor decisions were assessed via these distractors’ effects on the trajectory of an impending saccade to a distinct imperative stimulus, presented 10° abo...

This study investigated the effects on perceptual and motor decisions of low-contrast distractors, presented 5 degrees on the left and/or the right of the fixation point. Perceptual decisions were assessed with a yes/no (distractor) detection task. Motor decisions were assessed via these distractors' effects on the trajectory of an impending saccade to a distinct imperative stimulus, presented ...

To investigate the mechanisms of perceptual learning, we recently introduced a paradigm in which incorrect, reverse feedback followed after some but not all vernier presentations. This feedback paradigm exerted a strong effect on performance that seemed to bias decisions rather than to yield perceptual learning. Here, we show that observers can develop independent decision biases for different ...

Perceptual inference is biased by foreknowledge about what is probable or possible. How prior expectations are neurally represented during visual perception, however, remains unknown. We used functional magnetic resonance imaging to measure brain activity in humans judging simple visual stimuli. Perceptual decisions were either biased in favor of a single alternative (A/ approximately A decisio...