Auction winners sometimes suffer a "bidder's curse", paying more for an item at auction than the fixed price charged for an identical item by other sellers. This seemingly irrational behavior is puzzling because the information necessary to avoid overpaying would appear to be readily available...

This paper investigates our capacity to attribute preferences to others. This ability is intrinsic to game theory, and is a central component of “Theory of Mind”, perhaps the capstone of social cognition. In particular, this component of theory of mind allows individuals to learn more...

Norm-based accounts of social behavior are increasingly common in economics. In such accounts, behavior is seen as reflecting tradeoffs between maximization of own consumption utility and conformity to social norms. Theories of norm-following tend to assume that a) there exists a single, stable,...

Bølstad and Dinas (2017) propose a model of spatial voting, based on social identity theory, that suggests supporting a candidate/policy on the other side of the ideological spectrum has a disutility that is not accounted for by common spatial-models. Unfortunately, the data they use are unable...

Bicchieri and Xiao (2009) proposed one of the first methods to elicit normative expectations. Using a two-step procedure, the method first elicits non-incentivized reports of subjects’ Personal Normative Beliefs (PNBs) about which action is normatively best. In the second step, subjects are...

We propose a framework for modeling the influence of normative considerations on decision-making and social interaction. Our key insight is that axiomatic models like those used in cooperative game theory can be reinterpreted as theories of moral reasoning and norm formation which describe the...