Voting is a natural context to investigate how democratic societies balance claims of economic efficiency against claims of distributive equity. We examine data from a series of simple experimental voting games; in each, voters are confronted with two distributional policies, one that promotes...

We compare how experienced procurement managers and students solve the newsvendor problem. We find that managers broadly exhibit the same kind of pull-to-center bias as students do. Also, managers use information and task training no better than students. The performance of managers is...

Electronic reputation or "feedback" mechanisms aim to mitigate the moral hazard problems associated with exchange among strangers by providing the type of information available in more traditional close-knit groups, where members are frequently involved in one another's dealings. In this paper,...