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In the Mexican Peso crisis 1994/95, the lack of readily available information, particularly regarding monetary aggregates, has often been commented on. This paper analyzes empirically whether information disparity with respect to economic fundamentals contributed to the crisis. Using historical...
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This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...
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We provide a framework to disentangle preferences and beliefs in health behavior and apply it to lockdown compliance in … preferences and beliefs explain compliance differences by gender, only preferences drive differences by vulnerability. When others … vulnerables more. When a public figure breaches the rules, opponents comply less. Heterogenous beliefs, preferences, and responses …
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