time spent in the urban environment (and thus learning), or job changes. The evidence suggests that both these processes …

feedback as the main driving force of learning to play strategically and to form beliefs that accurately predict the behavior …

in marriage over smoking, rather than bargaining within the couple or social learning. …

" organization (featuring job rotation, integration of tasks and learning across tasks). We examine four driving forces behind this …

exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …