This project tests for the effect of social status in a laboratory experimental market. We consider a special ''box design" market in which a vertical overlap in supply and demand ensure that there are multiple equilibrium prices. We manipulate the relative social status of our subjects by...

This work employs a dynamic general equilibrium model to evaluate the causes and implications of bank insolvencies.We apply the model to stylized data from Bangladesh, a country whose banking system is currently suffering from large stocks of non-performing assets. The model is used to derive...

Anxiety is often associated with poor economic outcomes, including earning 13% to 18% less than non-anxious peers. On the other hand, few studies explore how anxiety affects an individual's economic behavior. In part, this is due to a limited focus of clinical research on the impact of...

Recent studies have suggested that there may be a correlation between the order in which decision-makers collect information about risky gambles and their tendency to make expected value maximizing decisions. In this work we present results from an experiment designed to establish causality by...

The COVID-19 pandemic has led many people to suffer from emotional distress. Previous studies suggest that women process and express affective experiences, such as fear, with a greater intensity compared to men. We administered an online survey to a sample of participants in the United States...

The personal experience of events such as financial crises and natural disasters can alter economic preferences. We administered a repeated cross-sectional preference survey during the early stages of the COVID-19 outbreak, collecting three bi-weekly samples from participants recruited through...

We investigated the effect of large changes in financial incentives on the process of decision-making by measuring autonomic arousal and visual attention during an incentivized lottery-choice task. High real stakes were accompanied by increased risk aversion and physiological arousal, and by...