We examine the predictive validity of survey-measured left-right political ideology by testing whether this measure is able to explain observed choices regarding equality versus efficiency. We study this in a real-effort distribution experiment, in which decision-makers allocate money equally or...

Banks do not charge explicit fees for many of the services they provide but the service payment is bundled with the offered interest rates. This output therefore has to be imputed using estimates of the opportunity cost of funds. We argue that rather than using the single short-term, low-risk...