We study the use of popular rationales to justify public anti-minority actions. Rationales to oppose minorities change some people’s private opinions, leading them to take anti-minority actions even if they are not prejudiced against minorities. When these rationales become widespread,...

We survey retail investors at an online bank to study beliefs about the autocorrelation of aggregate stock returns, and how these beliefs shape investment decisions measured in administrative account data. Individuals' beliefs exhibit substantial heterogeneity and predict trading responses to...

We study the use of popular rationales to justify public anti-minority actions. Rationales to oppose minorities change some people's private opinions, leading them to take anti-minority actions even if they are not prejudiced against minorities. When these rationales become widespread,...

We provide evidence on narratives about the macroeconomy—the stories people tell to explain macroeconomic phenomena—in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent them as Directed Acyclic Graphs. We apply this...

We examine the relative importance of accuracy concerns and belief confirmation motives in driving the demand for news. In experiments with US respondents, we first vary beliefs about whether an outlet reports the news in a right-wing biased, left-wing biased, or unbiased way. We then measure...

We review recent advances in the literature on news consumption. We first provide an overview of different empirical techniques to measure news consumption, including browser data, TV viewership data, and survey-based measures. We also discuss the pros and cons of these different techniques. We...

Using a large-scale online experiment with more than 8,000 U.S. respondents, we examine how the demand for a politics newsletter changes when the newsletter content is fact-checked. We first document an overall muted demand for fact-checking when the newsletter features stories from an...

We provide evidence on narratives about the macroeconomy-the stories people tell to explain macroeconomic phenomena-in the context of a historic surge in inflation. In surveys with more than 10,000 US households and 100 academic experts, we measure economic narratives in open-ended survey...

We study the long-run effects of contact with individuals from other regions in early adulthood on preferences, beliefs and national identity. We combine a natural experiment, the random assignment of male conscripts to different locations throughout Spain, with tailored survey data. Being...