Sprint finishes in professional cycling are fast, furious, and dangerous. A “red flag rule†(RFR) seeks to moderate the chaos of these finishes, but may induce moral hazard by removing the time penalty associated with crashing. To test for moral hazard, the authors use a 2005 rule...

We report the short-term results from a randomized evaluation of a mobile phone literacy program (ABC) in Niger, in which adult literacy students learned how to use mobile phones as part of a literacy class. Students in mobile phone literacy villages showed substantial gains in numeracy exam...

Economists attribute many common behaviors to risk aversion and frequently focus on how wealth moderates risk preferences. This paper highlights a problem associated with empirical tests of the relationship between wealth and risk aversion that can arise when the probabilities individuals face...