Working Papers

WP 2025-03 Mixtures of Risk Preferences with a Bayesian Hierarchical Model

WP 2025-02 Causal Inferences Over Unobservables

WP 2025-01 The value of safety or the value of the good?

WP 2024-05 Programs of Study and Earnings Dynamics

WP 2024-04 Human Capital Risk and Portfolio Choices: Evidence from University Admission Discontinuities

WP 2024-03 Deciphering the Noise: Real Patterns in Welfare From Incentivized Choice

WP 2024-02 On The Convergence of Discrete-Time Stationary Regular Multivariate Markov Chains

WP 2024-01 Risk Preferences and Risk Perceptions in Insurance Experiments: Some Methodological Challenges

WP 2023-06 The End of Behavioral Insurance

WP 2023-05 The Trust Game: Salience, Beliefs, and Social History

WP 2023-04 Evaluating the Normative Coherence of Stochastic Models

WP 2023-03 Mindshaping, Conditional Games, and the Harsanyi Doctrine

WP 2023-02 Behavioral Welfare Economics and the Quantitative Intentional Stance

WP 2023-01 Deductibles and Health Care Utilization: An Experiment on the Role of Forward-Looking Behavior

WP 2022-04 Father of the Bride, or Steel Magnolias? Targeting men, women or both to reduce child marriage.

WP 2022-03 Recovering Subjective Probability Distributions: A Bayesian Approach

WP 2022-02 Welfare Consequences of the Compound Risks of Index Insurance

WP 2022-01 Real Choices and Hypothetical Choices

WP 2021-09 Structural Estimation of Higher Order Risk Preferences

WP 2021-08 Should I Stay or Should I Go?

WP 2021-07 Economics is converging with sociology but not with psychology

WP 2021-06 Willingness to pay for private and public improvements of vulnerable road users’ safety

WP 2021-05 Modeling Norm-Governed Communities with Conditional Games: Sociological Game-Determination and Economic Equilibria

WP 2021-04 Neo-Samuelsonian Methodology, Normative Economics, and the Quantitative Intentional Stance

WP 2021-03 Crowded Out: Heterogeneity in Risk Attitudes Among Poor Households in the US

WP 2021-02 Give Me a Challenge or Give Me a Raise

WP 2021-01 Gender, Confidence, and the Mismeasure of Intelligence, Competitiveness and Literacy

WP 2020-22 Subjective Beliefs and Economic Preferences During the COVID-19 Pandemic

WP 2020-21 A Case Study of an Experiment During the COVID-19 Pandemic: Online Elicitation of Subjective Beliefs and Economic Preferences

WP 2020-20 Eliciting Beliefs about COVID-19 Prevalence and Mortality: Epidemiological Models Compared with The Street

WP 2020-19 Strategic Theory of Norms for Empirical Applications in Political Science and Political Economy

WP 2020-18 A General Approach to Estimating Random Preference Models of Risk Attitudes

WP 2020-17 Should I Stay or Should I Go? Equilibrium Selection in a Transportation Network

WP 2020-16 Experimental Design and Bayesian Interpretation

WP 2020-15 Estimating Risk Preferences for Individuals: A Bayesian Approach

WP 2020-14 Behavioral Welfare Economics and Risk Preferences: A Bayesian Approach

WP 2020-13 The Probability Discounting Model of Choice Under Risk: A Critique

WP 2020-12 Do No Harm? The Welfare Consequences of Behavioural Interventions

WP 2020-11 Belief Distributions, Bayes Rule and Bayesian Overconfidence

WP 2020-10 The Welfare Consequences of Compound Risk

WP 2020-09 Constant Discounting, Temporal Instability and Dynamic Inconsistency in Denmark: A Longitudinal Field Experiment

WP 2020-08 Field Experiments and Public Policy: Festina Lente

WP 2020-07 Literacy and the Quality of Index Insurance Decisions

WP 2020-06 Risk Perceptions in the Virtual Wilderness: An Application to Wild Fires

WP 2020-05 Should I Stay or Should I Go? Equilibrium Selection in a Transportation Network

WP 2020-04 Portfolios of Atlanta's Poor

WP 2020-03 Addiction is socially engineered exploitation of natural biological vulnerability

WP 2020-02 Responses to Saving Commitments: Evidence from Mortgage Run-offs

WP 2020-01 Cross-Program Differences in Returns to Education and the Gender Earnings Gap

WP 2019-06 "Grabbing the Opportunity": Risk Attitudes Among Poor Households in the US

WP 2019-05 Unusual Estimates of Probability Weighting Functions

WP 2019-04 Endogenous Choice of Institutional Punishment Mechanisms to Promote Social Cooperation

WP 2019-03 The Behavioral Welfare Economics of Insurance

WP 2019-02 Behavioral Insurance and Economic Theory: A Literature Review

WP 2019-01 Statistical Power and the Individual Level Estimation of Risk Preferences

WP 2018-07 Addiction and Intertemporal Risk Attitudes

WP 2018-06 Eye-Tracking and Economic Theories of Choice Under Risk

WP 2018-05 Nothing Left to Lose: Risk Attitudes Among Vulnerable Households

WP 2018-04 Do People Bundle Sequences of Choices? An Experimental Investigation

WP 2018-03 Responses to Saving Commitments: Evidence from Mortgage Run-offs

WP 2018-02 Reinsurance Versus Securitization of Catastrophe Risk

WP 2018-01 Deciphering the Noise -- The Welfare Costs of Noisy Behavior

WP 2017-06 Behavioral Responses to Surveys About Nicotine Dependence

WP 2017-05 Experimental Methods and Behavioral Insights in Health Economics: Estimating Risk and Time Preferences in Health

WP 2017-04 The Methodologies of Behavioral Econometrics

WP 2017-03 Welfare Effects of Insurance Contract Non-Performance

WP 2017-02 Disordered Gambling Prevalence: Methodological Innovations in a General Danish Population Survey

WP 2017-01 The Empirical Adequacy of Cumulative Prospect Theory and its Implications for Normative Assessment

WP 2016-12 Stochastic distortion and stochastic distorted copula

WP 2016-11 Once Bitten, Twice Shy: The Role of Inertia and Personal Experience in Risk Taking

WP 2016-10 Fire Sales and House Prices: Evidence from Estate Sales due to Sudden Death

WP 2016-09 The Risk of Gambling Problems in the General Population: A Reconsideration

WP 2016-08 The Psychology of Human Risk Preferences and Vulnerability to Scare-Mongers: Experimental Economic Tools for Hypothesis Formulation and Testing

WP 2016-07 Evaluating the Welfare of Index Insurance

WP 2016-06 Varieties of Paternalism and the Heterogeneity of Utility Structures

WP 2016-05 Cumulative Prospect Theory in the Laboratory: A Reconsideration

WP 2016-04 Small Stakes Risk Aversion in the Laboratory: A Reconsideration

WP 2016-03 Old-Age Provision: Past, Present, Future

WP 2016-02 Gambling Problems in the General Danish Population: Survey Evidence

WP 2016-01 Recovering Subjective Probability Distributions

WP 2015-14 Innovation, litigation, and new drugs

WP 2015-13 The Methodologies of Behavioral Insurance: Introduction to the Special Issue

WP 2015-12 Are Risks Over Multiple Attributes Traded Off? A Case Study of Aid

WP 2015-11 Risk Preferences, Time Preferences, and Smoking Behavior

WP 2015-10 Evaluating the Expected Welfare Gain from Insurance

WP 2015-09 Empirical Likelihood Inference for Haezendonck-Goovaerts Risk Measure

WP 2015-08 The Effect of Information System Precision on Honesty in Managerial Reporting: An Experimental Examination Incorporating Operating Uncertainty

WP 2015-07 What Drives Tort Reform Legislation? An Analysis of State Decisions to Restrict Liability Torts

WP 2015-06 Capital, Systemic Risk, Insurance Prices and Regulation

WP 2015-05 Information Characteristics and Errors in Expectations: Experimental Evidence

WP 2015-04 Behavioral Responses towards Risk Mitigation: An Experiment with Wild Fire Risks

WP 2015-03 Risk Perceptions in the Virtual Wilderness

WP 2015-02 Optimal Insurance Contracts with Insurer's Background Risk

WP 2015-01 Recovering Subjective Probability Distributions

WP 2014-09 Eliciting Subjective Probability Distributions with Binary Lotteries

WP 2014-08 First evidence of comorbidty of problem gambling and other psychiatric problems in a representative urban sample of South Africa

WP 2014-07 Risk and Time Preferences of Entrepreneurs: Evidence from a Danish Field Experiment

WP 2014-06 Random Walks in Dividend Yields and Bubbles

WP 2014-05 Hypothetical Surveys or Incentivized Scoring Rules for Eliciting Subjective Belief Distributions?

WP 2014-04 Risk Attitudes, Sample Selection and Attrition in a Longitudinal Field Experiment

WP 2014-03 Stationary Bubbles

WP 2014-02 Portfolio Constraints, Differences in Beliefs and Bubbles

WP 2014-01 Robust bubbles with mild penalties for default

WP 2013-13 Cautionary notes on the use of field experiments to address policy issues

WP 2013-12 Mandatory Portfolio Disclosure, Stock Liquidity, And Mutual Fund Performance

WP 2013-11 Why Buy Accident Forgiveness Policies? An Experiment

WP 2013-10 Impact Evaluation and Welfare Evaluation

WP 2013-09 Identifying Time Preferences With Experiments: Comment

WP 2013-08 Subjective Beliefs and Statistical Forecasts of Financial Risks: The Chief Risk Officer Project

WP 2013-07 Estimating the Subjective Risks of Driving Simulator Accidents

WP 2013-06 Product Market Linkages and Managerial Risk Taking

WP 2013-05 Accounting Comparability and Loan Contracting

WP 2013-04 The Marginal Cost of Risk, Risk Measures, and Capital Allocation

WP 2013-03 Revealed Preference and the Strength/Weight Hypothesis

WP 2013-02 Dual Criteria Decisions

WP 2013-01 Subjective Belief Distributions and the Characterization of Economic Literacy

WP 2012-11 Willingness to Pay for Insurance in Denmark

WP 2012-10 Scoring Rules for Subjective Probability Distributions

WP 2012-09 Eliciting Subjective Probabilities with Binary Lotteries

WP 2012-08 Subjective Bayesian Beliefs

WP 2012-07 Portfolio Manager Ownership and Mutual Fund Risk Taking

WP 2012-06 Ability or Finances as Constraints on Entrepreneurship? Evidence from Survival Rates in a Natural Experiment

WP 2012-05 Reduction of Compound Lotteries with Objective Probabilities: Theory and Evidence

WP 2012-04 Martingale properties of self-enforcing debt

WP 2012-03 Limited enforcement, bubbles and trading in incomplete markets

WP 2012-02 Inducing Risk Neutral Preferences with Binary Lotteries: A Reconsideration

WP 2012-01 Experimental Payment Protocols and the Bipolar Behaviorist

WP 2011-18 Procrastination, uncertainty, and optimization

WP 2011-17 Asset Integration and Attitudes Toward Risk: Theory and Evidence

WP 2011-16 Randomization and Its Discontents

WP 2011-15 Tournament incentives, firm risk, and corporate policies

WP 2011-14 Can Intertemporal Choice Experiments Elicit Time Preferences for Consumption? Yes

WP 2011-13 The Rich Domain of Uncertainty: Comment

WP 2011-12 Paradoxes and Mechanisms for Choice under Risk

WP 2011-11 Experimental Methods and the Welfare Evaluations of Policy Lotteries

WP 2011-10 Institutional Investors and Crash Risk: Monitoring or Expropriation?

WP 2011-09 An Item Response Theory Analysis of the Problem Gambling Severity Index in a Nationally Representative Sample

WP 2011-08 Cognitive Variables and Parameters in Economic Models

WP 2011-07 What Can Economics Contribute to the Study of Human Evolution?

WP 2011-06 Notes on Coordination, Game Theory and the Evolutionary Basis of Language

WP 2011-05 Avoiding the Curves: Direct Elicitation of Time Preferences

WP 2011-04 Multiattribute Utility Theory, Intertemporal Utility and Correlation Aversion

WP 2011-03 Discounting Behavior: A Reconsideration

WP 2011-02 Remarks on Virtual World and Virtual Reality Experiments

WP 2011-01 Discounting Behavior and the Magnitude Effect

WP 2010-20 The Relationship Between Addiction and Reward Bundling: An Experiment Comparing Smokers and Non-Smokers

WP 2010-19 Preferences Over Social Risk

WP 2010-18 Participation Constraints in the Stock Market: Evidence from Unexpected Inheritance due to Sudden Death

WP 2010-17 Inferring Beliefs as Subjectively Uncertain Probabilities

WP 2010-16 The Methodological Promise of Experimental Economics

WP 2010-15 Monopolistic Competition, Managerial Compensation, and the Distribution of Firms in General Equilibrium

WP 2010-14 Capital Structure under Heterogeneous Beliefs

WP 2010-13 Dynamic Contracting under Imperfect Public Information and Asymmetric Beliefs

WP 2010-12 Form over Matter: Differences in the Incentives to Convert Using Full versus Partial Demutualization in the U.S. Life Insurance Industry

WP 2010-11 On the Coefficient of Variation as a Criterion for Decision under Risk

WP 2010-10 Is There a Plausible Theory for Decision under Risk? A Dual Calibration Critique

WP 2010-09 Latent Process Heterogeneity in Discounting Behavior

WP 2010-08 Theory, Experimental Design and Econometrics Are Complementary (And So Are Lab and Field Experiments)

WP 2010-07 Non-Linear Mixed Logit

WP 2010-06 Estimating Subjective Probabilities

WP 2010-05 Behavioral Econometrics for Psychologists

WP 2010-04 What Do Prediction Markets Predict?

WP 2010-03 Behavior Towards Endogenous Risk in the Laboratory

WP 2010-02 Are You Risk Averse Over Other People’s Money?

WP 2010-01 Characterizing Risk Attitudes of Industrial Managers