Salience
We review the fast-growing work on salience and economic behavior. Psychological
research shows that salient stimuli attract human attention bottom up due to their high …
research shows that salient stimuli attract human attention bottom up due to their high …
Bad beliefs: Why they happen to good people
N Levy - 2021 - library.oapen.org
Why do people come to reject climate science or the safety and efficacy of vaccines, in
defiance of the scientific consensus? A popular view explains bad beliefs like these as …
defiance of the scientific consensus? A popular view explains bad beliefs like these as …
Impact of Russian-Ukraine war on clean energy, conventional energy, and metal markets: Evidence from event study approach
This article explores the impact of the Russian-Ukraine war on the metals, conventional
energy, and renewable energy markets, by using an event research technique. The data …
energy, and renewable energy markets, by using an event research technique. The data …
Shifting attention to accuracy can reduce misinformation online
In recent years, there has been a great deal of concern about the proliferation of false and
misleading news on social media,,–. Academics and practitioners alike have asked why …
misleading news on social media,,–. Academics and practitioners alike have asked why …
The political economy of populism
We synthesize the literature on the recent rise of populism. First, we discuss definitions and
present descriptive evidence on the recent increase in support for populists. Second, we …
present descriptive evidence on the recent increase in support for populists. Second, we …
Do investors value sustainability? A natural experiment examining ranking and fund flows
Examining a shock to the salience of the sustainability of the US mutual fund market, we
present causal evidence that investors marketwide value sustainability: being categorized …
present causal evidence that investors marketwide value sustainability: being categorized …
Decisions under risk are decisions under complexity
R Oprea - American Economic Review, 2024 - aeaweb.org
We provide evidence that classic lottery anomalies like probability weighting and loss
aversion are not special phenomena of risk. They also arise (and often with equal strength) …
aversion are not special phenomena of risk. They also arise (and often with equal strength) …
Behavioral inattention
X Gabaix - Handbook of behavioral economics: Applications and …, 2019 - Elsevier
Inattention is a central, unifying theme for much of behavioral economics. It permeates such
disparate fields as microeconomics, macroeconomics, finance, public economics, and …
disparate fields as microeconomics, macroeconomics, finance, public economics, and …
Human decisions and machine predictions
Can machine learning improve human decision making? Bail decisions provide a good test
case. Millions of times each year, judges make jail-or-release decisions that hinge on a …
case. Millions of times each year, judges make jail-or-release decisions that hinge on a …
Do fund managers misestimate climatic disaster risk
We examine whether professional money managers overreact to large climatic disasters.
We find that managers within a major disaster region underweight disaster zone stocks to a …
We find that managers within a major disaster region underweight disaster zone stocks to a …