Errors in probabilistic reasoning have been the focus of much psychology research and are
among the original topics of modern behavioral economics. This chapter reviews theory and …

This chapter reviews the microeconometrics literature on partial identification, focusing on
the developments of the last thirty years. The topics presented illustrate that the available …

An estimate of the social cost of carbon (SCC) is crucial to climate policy. But how should we
estimate the SCC? A common approach uses an integrated assessment model (IAM) to …

This paper investigates how migration and location choice decisions depend on a large set
of location characteristics, with particular focus on measuring the importance and nature of …

Happiness data—survey respondents' self-reported well-being (SWB)—have become
increasingly common in economics research, with recent calls to use them in policymaking …

The paper studies the effect of health on work among older workers by eliciting two-and four-
year-ahead subjective probabilities of working under alternative health states. These …

Panel data on reported marginal propensity to consume in the 2010 and 2016 Italian Survey
of Household Income and Wealth uncover a strong negative relationship between cash on …

We elicit numerical expectations for late-onset dementia and long-term-care (LTC) outcomes
in the US Health and Retirement Study. We provide the first empirical evidence on dementia …

We investigate the importance of subjective expectations of returns to and effort costs of the
two principal investments that mothers make in newborns: breastfeeding and stimulation …

Analyses of self-reported-well-being (SWB) survey data may be confounded if people use
response scales differently. We use calibration questions, designed to have the same …