Using two randomized field experiments, we examine how warning borrowers that their loan performance will be reported to a public credit registry affects their loan take-up and repayment decisions. We show that credit warnings increase loan take-up rates. Reducing incumbent lenders'...

We study the behavior of an individual avoiding peer information on charity giving. Manipulating how the peer donation information was revealed to potential donors in a field experiment, we find 89% of individuals were “information avoiders.” We further use an instrumental variable...