their classmates do worse. The theory presented below reconciles all of these facts by recognizing that classroom teaching … ranges away from equilibrium levels will adversely affect educational output. The theory argues for a particular non … by lowering class size. The theory provides a measurable and operational way to define school quality that can be tested …

modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more … processes, biases in belief updating, the representativeness heuristic as a possible unifying theory, and interactions between …

expectations with less naïve learning rules. Our results suggest that fast and frugal robust heuristics may not be a second …

thinking may be important. Our results suggest that information-processing heuristics may be important even in markets with …

structure is relevant in many applications. We develop the theory underlying optimal menus of non-linear schedules and prove …