Subjects in economics experiments are often asked to choose an action from a set of discrete choices. The logit-QRE approach to analyse these data places strong restrictions on how subjects in information cascades experiments extract information from observed outcomes and how they update beliefs...

We report on our preliminary findings from an innovative module of survey questions in the RAND American Life Panel designed to measure willingness to delay take-up of Social Security benefits. Among respondents who expect to stop working full time prior to turning age 62, over 60 percent report...

This PDF document was made available as a public service of the RAND Corporation. In recent years, the evolution of the financial service industry has blurred traditional distinctions between broker-dealers and investment advisers and made it difficult to design appropriate regulatory schemes...