Nepotism and Firm Success
A fascinating exploration reveals that firms where the firstborn child is a girl tend to perform better. This counterintuitive finding suggests that patriarchs are less likely to pass the firm to their daughters, leading to better outcomes as outsiders take over. The analysis highlights the detrimental effects of nepotism on business success, showcasing how natural variation can provide valuable insights into decision-making processes.In this clip
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All Else Equal: Making Better Decisions
Ep21 “Disentangling Causation and Correlation” with Guido Imbens
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