approach by analyzing data from an experiment conducted in Denmark. Our approach produces tight bounds on the causal effect of … estimated bounds suggesting that elicited higher-order belief data in our experiment is weakly (if at all) affected by a …

-Samuelson result argues that, in theory, this is impossible. Later work has shown that it may be possible if agents, left on their own …

preferences. We obtain a uniquely comprehensive characterization of donation motives using an experiment that varies treatments …

skewed risks. We show that salience theory of choice under risk can explain this preference for positive skewness, because … unlikely, but outstanding payoffs attract attention. In contrast to alternative models, however, salience theory predicts that … preferences—typically attributed to cumulative prospect theory—are more naturally accommodated by salience theory …