data.The bias is procyclical and is reduced by more than 10% in recessions. We propose an algorithm that uses earnings and …

choices over different goods, the paper elicits time preferences from approximately 2,400 subjects. The data reject the null … of equal discount rates across goods under a number of different modeling assumptions. These results have important … expenditures on those goods with higher discount rates is decreasing with income …

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case …

The confirmation bias is a well-known form of motivated reasoning that serves to protect an individual from cognitive …. Because there is often systematic thought involved in generating the confirmation bias, deliberation tends to promote this … behavioral bias. Nevertheless, the importance of negative emotion in triggering the need for this bias is underappreciated. This …

capacity constraints resulting in significant recall bias. We offer the first study that employs a less-costly, imputation … other contexts, including for other types of variables that suffer from similar recall bias, these results could open up a …

downward bias resulting from the partial observability of circumstances that affect individual outcome. We show that such … estimates may also suffer from upward bias as a consequence of sampling variance. The magnitude of the latter distortion depends … contributions, the upward bias may be significant and challenge the interpretation of inequality of opportunity estimates as lower …

many supervisors tend to assess the employees too good (leniency bias) and that the appraisals hardly vary across employees … of a certain supervisor (centrality bias). We explain these two biases in a model with a supervisor, who has preferences …