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Francesca De Petrillo, and Alexandra Rosati

vol. 376, n. 1819, March 2021

Uncertainty is a ubiquitous component of human economic behaviour, yet people can vary in their preferences for risk across populations, individuals and different points in time. As uncertainty also characterizes many aspects of animal decision-making, comparative research can help evaluate...

Christian Gollier

vol. 192, n. 105189, March 2021

Christian Gouriéroux, Andrew Hencic, and Joann Jasiac

vol. 40, n. 2, March 2021, pp. 301–326

This paper examines the performance of nonlinear short‐term forecasts of noncausal processes from closed‐form functional predictive density estimators. The processes considered have mixed causal–noncausal MAR(1, 1) dynamics and non‐Gaussian distributions with either finite or infinite variance. The...

Sofia B. Villas-Boas, Céline Bonnet, and James Hilger

vol. 103, n. 2, March 2021, pp. 663–681

By conducting a field experiment, we investigate whether consumers value expert opinion labels on wine as a form of reducing asymmetric information about product quality. We use two types of data. First, we use a macro-level monthly-product-store dataset, collected before and after our field...

Simon Columbus, Catherine Molho, Francesca Righetti, and Daniel Balliet

vol. 120, n. 3, March 2021, pp. 626–650

Philosophers and scientists have long debated the nature of human social interactions and the prevalence of mutual dependence, conflict of interests, and power asymmetry in social situations. Yet, there is surprisingly little empirical work documenting the patterns of interdependence that people...

Abdelaati Daouia, Stéphane Girard, and Gilles Stupfler

vol. 221, n. 1, March 2021, pp. 97–117

Risk measures of a financial position are, from an empirical point of view, mainly based on quantiles. Replacing quantiles with their least squares analogues, called expectiles, has recently received increasing attention. The novel expectile-based risk measures satisfy all coherence requirements....

Michael Eber, Cass Sunstein, James K. Hammitt, and Jennifer Yeh

vol. 62, n. 8, February 2021, pp. 1–26

As health care becomes increasingly personalized to the needs and values of individual patients, informational interventions that aim to inform and debias consumer decision-making are likely to become important tools. In a randomized controlled experiment, we explore the effects of providing...

Jieying Hong, and Sébastien Pouget

February 2021

This paper studies the role of preopening periods in liquidity formation and welfare in financial markets. Because no transaction occurs during these preopening periods, their economic significance could be questioned. We model a market where costly participation and asymmetric information prevent...

Manvir Singh

vol. 62, n. 1, February 2021

In nearly every documented society, people believe that some misfortunes are caused by malicious group mates using magic or supernatural powers. Here I report cross-cultural patterns in these beliefs and propose a theory to explain them. Using the newly created Mystical Harm Survey, I show that...

Christophe J. Rowan, Michael A. Eskander, Edmond Seabright, Daniel Eid Rodriguez, Edhitt Cortez Linares, Raul Quispe Gutierrez, Daniel Cummings, Adrian Juan Copajira, Bret A. Beheim, Tolstrup Kirsten, Achrekar Abinash, Michael I. Miyamoto, Thomas S. Kraft, David E. Michalik, Adel H. Allam, L. Samuel Wann, Jagat Narula, Benjamin C. Trumble, Jonathan Stieglitz, Gregory Thomas, Randall C. Thompson, Hillard Kaplan, and Michael Gurven

vol. 87, n. 1, February 2021, p. 18

Background: Atrial fibrillation is the most common arrhythmia in post-industrialized populations. Older age, hypertension, obesity, chronic inflammation, and diabetes are significant atrial fibrillation risk factors, suggesting that modern urban environments may promote atrial fibrillation....