Campylobacter Species: Don't Put All Your Eggs in One Chicken

Don't put your eggs all in one country: invest globally.

Don’t Put All Your Eggs in One Basket? Diversification and Specialization in Lending

Should lenders diversify, as suggested by the financial intermediation literature, or specialize, as suggested by the corporate finance literature? I model a financial institution’s (“bank’s”) choice between these two strategies in a setting where bank failure is costly and loan monitoring adds value. All else equal, diversification across loan sectors helps most when loans have moderate exposu...

Investment Tournaments: When Should a Rational Agent Put All Eggs in One Basket?∗

We introduce and study a class of decision problems which we call “investment tournaments.” The problems of this class involve gradual allocation of investments among several alternatives whose values are subject to exogenous shocks. The payoff to the decision-maker is determined by the final values of the alternatives. We show that in a broad range of situations it is optimal for the decision-...

All Your Eggs in One Basket: Mechanisms of Xenobiotic Induced Female Reproductive Senescence

Don't Lay Your Eggs All in One Basket: Brood Parasitism as a Survival Strategy.

ica (printed in stages during 1827–1838) by American ornithologist, naturalist, and painter John James Audubon (1785–1851), shows a pair of oft-vilified brown-headed cowbirds. This painting appears in the book as one of 435 life-sized watercolors that were reproduced from Audubon’s hand-engraved plates. In this painting, he portrays the birds frozen in act of foraging, a technique he honed from...