Online crowdfunding websites are multi-sided platforms that offer project founders the possibility to publish their project ideas, to address potential investors, and to ask for funding. The successful funding of crowdfunding campaigns is important for founders, investors, platform operators,...

Economic policy-making has long been more integrated than social policy-making in part because the statistics and much of the analysis that supports economic policy are based on a common conceptual framework – the system of national accounts. People interested in economic analysis and economic...

Attending college is a significant human capital investment but only about 56% of those who start college will have a completed degree 6 years later. This makes identifying which skills are associated with college success an important policy concern. We surveyed over 1,100 entering college...

This paper seeks to contribute to institutional theory by providing it with a stronger basis in cognitive and affective psychology. We organise this contribution around the central question of what psychological preconditions must exist for institutions to determine behaviour and order our...

This paper holds that the standard economic accounts of corruption based on expected costs and benefits are insufficient to understand and to tackle dishonesty in the real world. It embarks on a survey of the literature to discuss the major roles automatic judgments and decisions, as well as...

COVID-19 data is often presented using graphs with either a linear or logarithmic scale. Given the importance of this information, understanding how choice of scale changes interpretations is critical. To test this, we presented laypeople with the same data plotted using differing scales. We...

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...

This paper offers a unified explanation of four prominent features of behavioral economics: reference dependence, loss aversion, concave utilities for gains, and convex utilities for losses. In this account, an agent chooses an alternative over the status quo only if each of the agent's...

To design and apply effective countermeasures to hacking and related threats, it helps to have some way to structure one’s educated guesses and inferences about hackers’ current activities and future moves. This is especially the case when the decision-maker must consider not only the risk...

Behaviorally informed interventions include nudges, taxes, subsidies, bans, and mandates. In evaluating such interventions, policymakers should consider both their welfare effects (including, for example, their potentially negative effects on subjective well-being) and their effects on...