We conduct a replication experiment, with sophisticated student participants, of the three main treatments of the debt aversion experiment by Martínez-Marquina and Shi (2024). While participants in our experiment have chosen return maximizing strategies much more frequently than those in...

This study examined participants' willingness to pay for stock price forecasts provided by an algorithm, financial experts, and peers. Participants valued algorithmic advice more highly and relied on it as much as expert advice. This preference for algorithms - despite their similar or even...

Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...