extend to distinct PWFs in the gain and loss domains, as under prospect theory …

We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed … based on how partisans respond to changes in the White House's occupant (partisan bias). The results also corroborate the …

Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …

European countries for more than a decade, we estimate time-varying individual level bias in ‘survival expectations' (BSE) at …