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data from representative surveys and artefactual or lab-on-the-field experiments in Lima, Peru. We employ three standard …We provide empirical evidence supporting a causal link between education and risk attitudes when using representative … experimental measures of risk attitudes and find that each is positively correlated with years of education. Furthermore, we …
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We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and … laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect … their beliefs much like the inflation experienced in real life. Methodologically, we compare and contrast surveys and lab …
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We study how individuals’ willingness to delegate choice is affected by heterogeneity in identity between the delegee and the delegate. While it is straightforward that such heterogeneity can affect delegation for instrumental reasons, we show experimentally that divergent identity also causes...
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We investigate various statistical methods for forecasting risky choices and identify important decision predictors. Subjects (n=44) are presented a series of 50/50 gambles that each involves a potential gain and a potential loss, and subjects can choose to either accept or reject a displayed...
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