Probability weighting functions relate objective probabilities and their subjective weights, and play a central role in modeling choices under risk within cumulative prospect theory. While several different parametric forms have been proposed, their qualitative similarities make it challenging...

Secondary school enrollment rates in the developing countries are usually lower for girls than boys, especially in rural areas. In the mid 1990’s a female school stipend program was introduced to subsidize girls’ secondary education in rural Bangladesh. Although all of rural Bangladesh was...