This paper analyzes the relation between three dimensions of firm performance – productivity, energy efficiency, and environmental performance – and shed light on the role of environmental investment. Data from Swedish industry between 2002 and 2008 is utilized to generate the three...

Exponential-growth bias is the tendency for individuals to underestimate exponential growth due to neglecting the role of compounding. We run an online study to measure the extent of exponential-growth bias in a representative sample of the U.S. population. We measure the effects of a simple...