Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Authority and power permeate political, social, and economic life, but empirical knowledge about the motivational origins and consequences of authority is limited. We study the motivation and incentive effects of authority experimentally in an authority-delegation game. Individuals often retain...

We examine peer effects in risk taking with complete information and compare explanations for peer effects based on relative payoff concerns to explanations that allow peer choices to matter. We vary experimentally whether individuals can condition a simple lottery choice on the lottery choice,...

In Switzerland, two key church institutions – the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) – make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations’ power to...

This paper studies how political competition can lead candidates to strategically increase the salience of specific issues, in order to influence voting decisions of marginal groups, with non trivial consequences for turnout rates. In my setup issues differ in their divisiveness, to be defined...