information is symmetrically distributed and the scoring bias is set to offset the initial asymmetry between players …

Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …

estimating the privacy elasticity of public-good contributions in a lab experiment …

The favorite-longshot bias describes the longstanding empirical regularity that betting odds provide biased estimates … misperceptions of probability drive the favorite-longshot bias, as suggested by Prospect Theory …

numerical cognition, and test its ability to explain the choice frequencies that we observe in a laboratory experiment … imprecise (and noisy) mental representation of the decision situation. In this model, risk aversion is predicted without any … need for a nonlinear utility-of-wealth function, and instead results from a sort of perceptual bias -- but one that …

design an experiment that treats the two goods (a mug and a pen) symmetrically in all but in the probabilities with which … they are expected to be owned. Thus, our "endowmentless" endowment effect experiment shuts down all alternative mechanisms …

We conduct a survey experiment with a large, politically representative sample of U.S. consumers (5,205 participants …