"product replacement bias" and quantify its importance using U.S. microdata on import and export prices. We show that …, accounting for product replacement bias, long-run exchange rate "pass-through" into U.S. import and export price indexes is …

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 …

, existing research suggests that online reviews often suffer from selection bias—people with extreme opinions are more motivated … reviewing has the potential to reduce this selection bias, because incentives can mitigate the motivational deficit of people … voluntary reviews have a different distribution from incentivized reviews. The likely bias in the distribution of voluntary …

We model visibility bias in the social transmission of consumption behavior. When consumption is more salient than non …

We study loss aversion in majority voting. First, we show a status quo bias. Second, loss aversion implies a moderating …; however, in the presence of a projection bias, majorities are partially unable to understand how fast they will adapt. Fourth …