We consider the psychological and social foundations of human contributions and punishments in a voluntary contributions mechanism with punishment (VCMP). We eliminate 'dynamic economic linkages' between the two stages of our "modified" VCMP to rule out other potential explanations. We use a...

The subject of this paper is how the epistemic limitations of individuals and their biases in reasoning affect collective decisions and in particular the functioning of democracies. In fact, while the cognitive sciences have largely shown how the imperfections of human rationality shape...

This article empirically explores whether and how providing consumers with detailed access to their past food purchase data at different levels of aggregation affects their subsequent food purchase behavior. We employ unique data covering more than 84,000 quarterly observations on Finnish...