To trust is to risk. When we lend someone money, we make ourselves vulnerable, hoping or expecting that the borrower will reward our trust…
We use a rich dataset of weekly cigarette sales to examine how consumers adapt their behavior before and after excise tax increases -…
Humans naturally dispose of objects that disgust them. Is this phenomenon so deeply embedded
that even incidental disgust – i.e., where the…
Why is private investment so low in Gulf compared to Western countries? We investigate cross-regional differences in trust and reference…
Online labor markets have great potential as platforms for conducting experiments, as they provide immediate access to a large and diverse…
We study the diffusion of hybrid vehicles among consumers. Using data on sales of 11 different models over seven years, we identify the…
Individuals differ significantly in their willingness to take risks. Such differences may stem, at least in part, from individual…
Book abstract: At a time of immensely consequential choices, it has never been more important to make the right decisions. But how can we…
We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500…
Consistent with mental accounting, we document that investors
sometimes choose the asset allocation for one account without…