We provide experimental evidence that core intertemporal choice anomalies - including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations - are driven by complexity rather than time or risk preferences. First, all anomalies also arise in...

In the seminal rational inattention model of Matĕjka and McKay (2015), logit demand arises from the discrete choice of agents who are uncertain about choice payoffs and have access to a flexible, costly information acquisition technology (RI-logit). A notable limitation of this powerful...

We exploit a historical experiment that occurred in Czechoslovakia after World War Two to study the drivers of social capital accumulation in an extremely unfavorable environment. Between 1945 and 1948, the Sudetenland became the scene of ethnic cleansing, with the expulsion of nearly three...