We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better insurance for old-age support than daughters. The implications of an insurance motive on son preference are two-fold. First, prior to the birth of their children, more risk-averse...

This paper develops a partial-identification methodology for analyzing self-selection into alternative compensation schemes in a laboratory environment. We formulate a model of self-selection in which individuals select the compensation scheme with the largest expected valuation, which depends...

This paper proposes two novel scoring rules which allow the test-takers to hedge when responding to multiple-choice questions. We randomly assign 2,986 participants in an IQ test into three conditions. In the control condition, participants choose one option, and receive one point for correct...