Individuals tend toward status quo bias: preferring existing options over new ones. There is a countervailing phenomenon: humans naturally…
The daunting complexity of important financial decisions can lead to procrastination. We evaluate a low-cost intervention that…
We examine a new intervention to overcome gender biases in hiring, promotion, and job assignments: an “evaluation nudge,” in which people…
Gasoline taxes can be employed to correct externalities associated with automobile use, to reduce dependency on foreign oil, and to raise…
Economic activity can damage natural systems and reduce the flow of ecosystem services. The harms can be substantial, as our case studies…
We measure how receiving information about coworkers’ savings behavior affects recipients’ savings choices. Low-saving employees were sent…
We study the predictive power of approximately 2.5 million stock picks submitted by individual users to the “CAPS” website run by the…
Movements in asset prices are a major risk confronting individuals. This paper establishes new asset pricing results when agents differ in…
We document the loan provisions in 401(k) savings plans and how participants use 401(k) loans. Although only about 22% of savings plan…
We evaluate the results of a field experiment designed to measure the effect of prompts to form implementation intentions on realized…