Using the CEM pension fund data set, we document the cost structure and performance of a large sample of US pension funds. To date, self-reporting biases and a deficiency of comprehensive return and cost data have severely hindered pension fund performance studies. The bias-free CEM dataset...

We use data from a television game show involving elementary lotteries and sSubstantial prize money as a natural experiment to measure risk attitudes.We find robust evidence of substantial risk aversion.