Even though stock returns are not highly autocorrelated, there is a spurious regression bias in predictive regressions … variables interacts with spurious regression bias. The two effects reinforce each other, because more highly persistent series …

efficient policies regardless of the distribution of bargaining power among them. This paper uses a laboratory experiment to …

This paper reports the results from a laboratory experiment designed to study political distortions in the accumulation …

Publication bias in economics may lead to selective specification searches that result in overreporting in the … employment effects of minimum wages, some recent research has reported evidence consistent with publication bias, and concluded … publication bias. More generally, we demonstrate that existing approaches to testing for publication bias may generate spurious …

relatives. We show that the cross sectional variance of asset returns affects the magnitude of bias in the average return … estimate for that period, while reducing the bias for the surrounding periods. It is not easy to use an approximation method to … correct the bias problem. We suggest a maximum-likelihood alternative to the RSR that directly estimates index returns that …

This paper reports results from a laboratory experiment that investigates the Meltzer-Richard model of equilibrium tax … altruism and inequality aversion. The experiment varies the amount of inequality and the collective choice procedure to …

treatments do not increase equity allocations in an experiment where—unlike previous experiments—participants invest in real …Many previous experiments have found that participants invest more in risky assets if they (i) see their returns less … mutual funds over the course of one year. In a follow-up experiment, we start with the classic Gneezy and Potters (1997 …