I exploit a natural experiment to show that household investment decisions depend on the manner in which information is … increased asset allocation toward riskier funds. These results are consistent with models of limited attention and myopic loss …

Does attention have a causal impact on risky decisions? We address this question in a preregistered experiment in which … causal role of attention on the decision process, we manipulate for how long each outcome is presented before showing the … strongest driver of this effect. Jointly, these results support the notion that attention has a causal impact on risky choice …