In 2017, the United States Supreme Court decided Carpenter v. United States, a landmark decision that expanded the protection of the Fourth Amendment to cell phone location records. In addition to its doctrinal importance, Carpenter—a 5–4 decision that was not split cleanly along ideological...

We illustrate information overload in annuity decisions. More complete, and therefore more complex information about annuity products leads to reduced attention and produces worse consumer choices. In an eye-tracking experiment comparing consumer response to a real, relatively brief annuity...

We isolate frictions at the acquisition and integration stages of information processing by leveraging a policy that resulted in users of the Securities and Exchange Commission's online repository of company reports failing to consult the disclosures they had requested. Exploiting this plausible...

Using data from one of the first and most popular decentralized lending protocols, MakerDao, we study whether computer-language-based information lends itself for the efficient use of information in a market that features real-time transparency. We first find that there is persistent...

We experimentally examine the mechanisms underlying peer effects in financial markets. We hypothesize that individuals are not too confident about how to process information regarding financial markets and thus look among their peers for someone who is more capable in processing the information...