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Context can influence decisions. This malleability of choice is usually invoked as evidence that people do not maximize stable preference orderings. In a market equilibrium, however, context conveys payoff-relevant information to consumers. Consequently, these consumers rationally violate naïve...
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I perform a narrow and wide replication of the labor force participation analyses in Bertand, Pan, and Kamenica (2015), which finds a negative relationship between realized and predicted female breadwinning and wives' labor force participation. Their results replicate in a narrow sense, even...
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