Policymakers routinely make high-stakes funding decisions. Assessing the value of a program is difficult and may be affected by bounded rationality. In two experiments with U.S. policymakers and the general public, we find that respondents’ valuations of programs are inelastic with respect to...

We analyze data from two universities that allowed students to conceal grades from their transcripts during the Covid-19 pandemic. Across both institutions, we observe a significant and substantial gender concealment gap: women are less likely than men to conceal grades that would harm their...