Several selection processes use multistage tourname nts to choose the best candidates. The theoretical models predict that tournaments are efficient in selecting the best candidates, as they stimulate the best to perform relatively better than their opponents. Empirical tests are difficult, as...

Financial education is today a primary issue. We experimentally test whether a programme (“treatment”) of financial education on savings, targeted to children aged 8 and 9, is effective and to what extent. We measure the interest rate required by the children before and after the treatment...

Several papers in experimental economics use reaction times (RTs) to assess whether a decision is instinctive or not. This paper analyses a field experiment (the behaviour of athletes at the World Swimming Championships) in three steps, where only the (expected) payoff changes (i.e. increases)...