Standard search theory assumes that individuals know, with certainty, how they compare to competing searchers in terms … for search behavior. We test our hypotheses in a laboratory experiment. The first main finding is that people are …, at the end of the experiment a substantial fraction turn down the chance to learn their exact rank. These are …

The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …

candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …