of the probability of a horse winning - longshots are overbet, while favorites are underbet. Neoclassical explanations of … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory. …

We compare preferences for temporal resolution when uncertainty is resolved over a probability rather than a value. In … whether values or probabilities define the main object of uncertainty. In our experiment, however, most subjects resolved … motivates an explanation for it that we call "process utility", which highlights the importance of information processing when …

education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …’ lower support for increases. Information about the tradeoffs between specific spending categories shifts preferences from …

support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on … opposition-reducing effect persists two weeks after treatment. Information on fiscal costs and unequal access does not affect …

, implying endogeneity of policy preferences. The information treatment also affects non-partisan swing voters. …

. Experimental provision of return and cost information significantly increases educational aspirations. However, it does not close … the aspiration gap as university graduates respond even more strongly to the information treatment. Persistent effects in … a follow-up survey indicate that participants indeed process and remember the information. Differences in economic …

a social norm of tax compliance. In this paper we provide an analysis of the effects of the dissemination of information … information treatment, are associated, in the context of our experiment, with a significantly larger growth in evasion intensity … evasion, official information can have beneficial effects by consolidating the behavior of compliant individuals. However, in …

exposure to macroeconomic risk, consistent with sticky information models in which people are inattentive, but understand how …

To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strong positive information treatment effect, which is increased further by informing about policy effectiveness. …

jurisdictions contingent on media activity. An incumbent seeking to maximize the probability of reelection will shift more money to …