Although people are quite aware of global warming, their beliefs about it may be malleable; specifically, their beliefs may be constructed in response to questions about global warming. Beliefs may reflect irrelevant but salient information, such as the current day’s temperature. This...

We propose a dynamic theory of banking where the role of deposits is akin to that of productive capital in the classical q-theory of investment. As a cheap source of leverage, deposits typically create value for banks, but the marginal q of deposits can be negative. Deposit accounts commit banks...

Tax evasion is defined as the illegal nonpayment of a tax. Various arguments have been made over the centuries to justify tax evasion. Historically, the strongest arguments to justify tax evasion have been in cases where the people perceive the tax system to be unfair, where the government is...

As organizations move towards increasingly group-based work environments, workers make more decisions on how much effort they will exert for the benefit of their coworkers. Past research on prosocial behavior has not compared people’s willingness to exert effort for others versus for...

Photocatalytic uranium extraction in seawater provides a promising strategy for the sustainable utilization of nuclear energy. Herein, we in-situ constructed Cu2O/CuO interface by a wet-etching method, achieving an ultrafast reaction kinetics and photocatalytic activity for seawater U(VI)...

We develop a dynamic model of platform economy where tokens serve as a means of payments among platform users and are issued to finance investment in platform productivity. Tokens are optimally issued to reward platform owners when the productivity-normalized token supply is low and burnt to...