-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative …

negotiation situations. We report the results of a laboratory experiment that was designed to isolate the effect of the curse of …

that many households are unfamiliar with even the most basic economic concepts needed to make saving and investment …

of stocks and bonds, the concept of risk diversification, and the working of financial markets. We also find that the …

We propose a new decision criterion under risk in which people extract both utility from anticipatory feelings ex ante … raises both the utility of ex ante feelings and the risk of disappointment ex post. We characterize the optimal beliefs and … the preferences under risk generated by this mental process and apply this criterion to a simple portfolio choice …

In this paper, we design an investment game which allows us to study the influence of selection when learning from … others. Using the theoretical study of selection neglect in Jehiel (2018) as a guide, we test (i) for the presence of … selection neglect in this investment context, and (ii) some comparative static predictions of the model. We find strong evidence …

) multiple price list. Parametric and non-parametric measures of risk preferences are found to shift towards risk neutrality for …

depletion should increase framing effects. To test this we designed two experiments in which we depleted participants' willpower …