Poverty is associated with a wide range of counterproductive economic behaviors. Scarcity
theory proposes that poverty itself induces a scarcity mindset, which subsequently forces the …

People's risk preferences are thought to be central to many consequential real-life decisions,
making it important to identify robust correlates of this construct. Various psychological …

This paper synthesizes what economists have learned about human capital since Becker
(1962) into four stylized facts. First, human capital explains at least one-third of the variation …

We leverage a large-scale incentivized survey eliciting behaviors from (almost) an entire
undergraduate university student population, a representative sample of the US population …

ABSTRACT I introduce and test for preference for simplicity in choice under risk. I
characterize the theory axiomatically, and derive its properties and unique predictions …

We use administrative and survey-based micro data to study the relationship between
cognitive abilities (IQ), the formation of inflation expectations, and the consumption plans of …

We examine how chronic debt affects behavior by studying how a large, unanticipated debt-
relief program affected psychological functioning and economic decision-making in …

Financial literacy is positively associated with intelligence, with typically moderate to large
effect sizes across studies. The magnitude of the effect, however, has not yet been estimated …

This paper synthesizes recent research in economics and psychology on the measurement
and empirical importance of personality skills and preferences. They predict and cause …

Patience and risk-taking—two preference components that steer intertemporal decision-
making—are fundamental to human capital investment decisions. To understand how they …