We show that individual investors over-extrapolate from their personal experience when making savings decisions. Investors who experience…
President Obama faces a classic diplomatic challenge in South Asia - how to balance a short-term need for progress in Afghanistan and…
Book Abstract: Events ranging from Hurricane Katrina to the global economic crisis have taught businesspeople an unforgettable lesson: if…
My older daughter, who is working in Australia, recently visited Shanghai for the first time. After her arrival, she e-mailed my wife and…
En años recientes, analistas políticos han detectado –y lamentado– señales muy extendidas de “fatiga de la democracia” alrededor del globo…
We evaluate why individuals invest in high-fee index funds. In our experiments, subjects each allocate $10,000 across four S&P 500…
Why does the International Monetary Fund make it so hard for people like me to love it?
The IMF has said and done all the right things…
Today we celebrate 11/9. The end of the Cold War was a greater historical transformation than 9/11, but controversy persists about its…
Much of the health care debate is focused on whether the country can afford the $850 billion the Congressional Budget Office estimates it…