If experimental subjects arbitrage against market interest rates when making intertemporal allocations of cash, the data will reveal nothing about subjects' discount rates, only uncovering subjects' market interest rates. If they frame choices narrowly, market rates will not be salient and the...

There is growing evidence on the importance of sleep for productivity, but little is known about the impact of interventions targeting sleep. In a field experiment among U.S. university students, we show that incentives for sleep increase both sleep and academic performance. Motivated by...

Forecasters predicting how people change their behavior in response to a treatment or intervention often consider a set of alternatives. In contrast, those who are treated are typically exposed to only one of the treatment alternatives. For example, managers selecting a wage schedule consider a...