Although experiments are the gold standard for establishing causality, several threats can
undermine the internal validity of experimental findings. In this article, we first discuss these …

A growing literature demonstrates that using a foreign language affects choice. This is
surprising because if people understand their options, choice should be language …

Behavioral scientists routinely publish broad claims about human psychology and behavior
in the world's top journals based on samples drawn entirely from Western, Educated …

Experimental economists are leaving the reservation. They are recruiting subjects in the field
rather than in the classroom, using field goods rather than induced valuations, and using …

The research in Psychology and Economics (aka Behavioral Economics) suggests that
individuals deviate from the standard model in three respects:(1) nonstandard …

Are men more willing to take financial risks than women? The answer to this question has
immediate relevance for many economic issues. We assemble the data from 15 sets of …

Economists and psychologists have developed a variety of experimental methodologies to
elicit and assess individual risk attitudes. Choosing which to utilize, however, is largely …

We use a controlled experiment to explore whether there are gender differences in selecting
into competitive environments across two distinct societies: the Maasai in Tanzania and the …

Countercyclical risk aversion can explain major puzzles such as the high volatility of asset
prices. Evidence for its existence is, however, scarce because of the host of factors that …

In this paper, we ask whether variation in preference anomalies is related to variation in
cognitive ability. Evidence from a new laboratory study of Chilean high-school students with …