The abnormally high mortgage default rates that became apparent in early 2007 were not foreseen in June 2005, when mortgage production in the US reached its peak. Could the significant increase in mortgage defaults that triggered the resultant subprime crisis, have been predicted? This paper...

We present new evidence on the relationship between health behaviors and experimental measures of risk and time preferences and introduce evidence that perceived control - a measure incorporated from the health psychology literature - is a stronger and more consistent predictor of health...