This paper advances the claim that ignoring relevant information is sometimes consistent with good decision making. Although that finding is not new, the argument presented here is. In contrast with bounded rationality models, the decision-making model in this paper presupposes no cognitive...

The effect of alternative property rights regimes on the choice between taking an object and acquiring it via consensual exchange is experimentally explored in a two-period screening model. Experimental treatments involving card game implementation yield results that are generally consistent...

Our cross-disciplinary team tackles the inconsistencies of gender teaching as seen from the perspective of law, business, and peace studies negotiation courses. In the process, we reconsider gender in the context of culture, demanding a forthright and coherent approach to topics now too often...

In this paper we test the effect of descriptive “features” on initial strategic behavior in normal form games, where “descriptive” are all those features that can be modified without altering the (Nash) equilibrium structure of a game. We observe that our experimental subjects behave...

The anterior insula has been implicated in both the experience and the anticipation of negative outcomes. Although individual differences in insular sensitivity have been associated with self-report measures of chronic anxiety, previous research has not examined whether individual differences in...

Schelling (1969, 1971a, b, 1978) observed that macro-level patterns do not necessarily reflect micro-level intentions, desires or goals. In his classic model on neighborhood segregation which initiated a large and influential literature, individuals with no desire to be segregated from those who...

The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects' incentives are drastically...