Psychology and economics: Evidence from the field

Journal of Economic Literature

Volumn 47, Issue 2, 2009, Pages 315-372

  Dellavigna, Stefano ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 65949094200     PISSN: 00220515     EISSN: None     Source Type: Journal    
DOI: 10.1257/jel.47.2.315     Document Type: Article

References (186)

1. Abadie, Alberto, and Sebastien Gay. 2006. "The Impact of Presumed Consent Legislation on Cadaveric Organ Donation: A Cross-Country Study." Journal of Health Economics, 25(4): 599-620.
2. Akerlof, George A. 1982. "Labor Contracts as Partial Gift Exchange." Quarterly Journal of Economics, 97(4): 543-69.
3. Akerlof, George A. 1991. "Procrastination and Obedience." American Economic Review, 81(2): 1-19.
4. Alpert, Marc, and Howard Raiffa. 1982. "A Progress Report on the Training of Probability Assessors." In Judgment Under Uncertainty: Heuristics and Biases, ed. Daniel Kahneman, Paul Slovic, and Amos Tversky, 294-305. Cambridge and New York: Cambridge University Press.
5. Andreoni, James. 2006. "Philanthropy." In Handbook of Giving, Altruism, and Reciprocity, Volume 2, ed. Serge-Christophe Kolm, and Jean Mercier Ythier, 1201-65. Amsterdam; London and New York: Elsevier, North Holland.
6. Angeletos, George-Marios, David Laibson, Andrea Repetto, Jeremy Tobacman, and Stephen Weinberg. 2001. "The Hyberbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation." Journal of Economic Perspectives, 15(3): 47-68.
7. Ariely, Dan, and George Loewenstein. 2006. "The Heat of the Moment: The Effect of Sexual Arousal on Sexual Decision Making." Journal of Behavioral Decision Making, 19(2): 87-98.
8. Ariely, Dan, and Klaus Wertenbroch. 2002. "Procrastination, Deadlines, and Performance: Self-Control by Precommitment." Psychological Science, 13(3): 219-24.
9. Asch, Solomon E. 1951. "Effects of Group Pressure Upon the Modification and Distortion of Judgment." In Groups, Leadership and Men, ed. Harold Guetzkow, 222-36. Pittsburgh: Carnegie Press.
10. Ashraf, Nava, Dean Karlan, and Wesley Yin. 2006. "Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines." Quarterly Journal of Economics, 121(2): 635-72.
11. Ausubel, Lawrence M. 1999. "Adverse Selection in the Credit Card Market." Unpublished.
12. Bain, Henry, and Donald S. Hecock. 1957. Ballot Position and Voter's Choice: The Arrangements of Names on the Ballot and Its Effect on the Voter? Detroit: Wayne State University Press.
13. Baker, Malcolm, Richard S. Ruback, and Jeffrey Wurgler. 2007. "Behavioral Corporate Finance." In Handbook of Corporate Finance: Empirical Corporate Finance, Volume 1, ed. B. Espen Eckbo, 145-86. Amsterdam and Oxford: Elsevier, North-Holland.
14. Bandiera, Oriana, Iwan Barankay, and Imran Rasul. 2005. "Social Preferences and the Response to Incentives: Evidence from Personnel Data." Quarterly Journal of Economics, 120(3): 917-62.
15. Barber, Brad M., and Terrance Odean. 2001. "Boys Will Be Boys: Gender, Overconfidence, and Common Stock Investment." Quarterly Journal of Economics, 116(1): 261-92.
16. Barber, Brad M., and Terrance Odean. 2008. "All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors." Review of Financial Studies, 21(2): 785-818.
17. Barber, Brad M., Terrance Odean, and Ning Zhu. 2001. "Systematic Noise." Journal of Financial Markets.
18. Barberis, Nicholas, Ming Huang, and Tano Santos. 2001. "Prospect Theory and Asset Prices." Quarterly Journal of Economics, 116(1): 1-53.
19. Barberis, Nicholas, Ming Huang, and Richard H. Thaler. 2006. "Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case of Narrow Framing." American Economic Review, 96(4): 1069-90.
20. Barberis, Nicholas, Andrei Shleifer, and Robert Vishny. 1998. "A Model of Investor Sentiment." Journal of Financial Economics, 49(3): 307-43.
21. Barberis, Nicholas, and Richard H. Thaler. 2003. "A Survey of Behavioral Finance." In Handbook of the Economics of Finance, Volume 1B, Financial Markets and Asset Pricing, ed. George M. Constantinides, Milton Harris and René M. Stulz, 1053-1123. Amsterdam; London and New York: Elsevier, North Holland.
22. Barberis, Nicholas, and Wei Xiong. 2001. "What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation." Journal of Finance.
23. Benartzi, Shlomo. 2001. "Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock." Journal of Finance, 56(5): 1747-64.
24. Benartzi, Shlomo, and Richard H. Thaler. 1995. "Myopic Loss Aversion and the Equity Premium Puzzle." Quarterly Journal of Economics, 110(1): 73-92.
25. Benartzi, Shlomo, and Richard H. Thaler. 2001. "Naive Diversification Strategies in Defined Contribution Saving Plans." American Economic Review, 91(1): 79-98.
26. Benartzi, Shlomo, and Richard H. Thaler. 2002. "How Much Is Investor Autonomy Worth?" Journal of Finance, 57(4): 1593-1616.
27. Bergman, Nittai K., and Dirk Jenter. 2007. "Employee Sentiment and Stock Option Compensation." Journal of Financial Economics, 84(3): 667-712.
28. Bernard, Victor L., and Jacob K. Thomas. 1989. "PostEarnings-Announcement Drift: Delayed Price Response or Risk Premium?" Journal of Accounting Research, 27: 1-36.
29. Bertrand, Marianne, Dean Karlin, Sendhil Mullainathan, Eldar Shafir, and Jonathan Zinman. 1999. "What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment." Quarterly Journal of Economics.
30. Bewley, Truman F. 1999. Why Wages Don't Fall During a Recession. Cambridge and London: Harvard University Press.
31. Broadbent, Donald E. 1958. Perception and Communication. New York: Pergamon Press.
32. Buehler, Roger, Dale Griffin, and Michael Ross. 1994. "Exploring the 'Planning Fallacy': Why People Underestimate Their Task Completion Times." Journal of Personality and Social Psychology, 67(3): 366-81.
33. Cain, Daylian M., George Loewenstein, and Don A. Moore. 2005. "The Dirt on Coming Clean: Perverse Effects of Disclosing Conflicts of Interest." Journal of Legal Studies, 34(1): 1-25.
34. Camerer, Colin 2006. "Behavioral Economics." In Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress, Volume 2, ed. Richard Blundell, Whitney K. Newey, and Torsten Persson, 181-214. Cambridge and New York: Cambridge University Press.
35. Camerer, Colin, Linda Babcock, George Loewenstein, and Richard H. Thaler. 1997. "Labor Supply of New York City Cabdrivers: One Day at a Time." Quarterly Journal of Economics, 112(2): 407-41.
36. Camerer, Colin, Samuel Issacharoff, George Loewenstein, Ted O'Donoghue, and Matthew Rabin. 2003. "Regulation for Conservatives: Behavioral Economics and the Case for 'Asymmetric Paternalism.'" University of Pennsylvania Law Review, 151: 1211-54.
37. Camerer, Colin, and Dan Lovallo. 1999. "Overconfidence and Excess Entry: An Experimental Approach." American Economic Review, 89(1): 306-18.
38. Campbell, John Y., and John H. Cochrane. 1999. "By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior." Journal of Political Economy, 107(2): 205-51.
39. Card, David. 1994. "Intertemporal Labour Supply: An Assessment." In Advances in Econometrics: Sixth World Congress, ed. Christopher A. Sims, 49-80. Cambridge and New York: Cambridge University Press.
40. Card, David, and Dean Hyslop. 1997. "Does Inflation 'Grease the Wheels of the Labor Market?'" In Reducing Inflation: Motivation and Strategy, ed. Christina D. Romer and David H. Romer, 71-114. Chicago and London: University of Chicago Press.
41. Carroll, Gabriel D., James J. Choi, David Laibson, Brigitte Madrian, and Andrew Metrick. 2002. "Optimal Defaults and Active Decisions." Quarterly Journal of Economics.
42. Charness, Gary, and Matthew Rabin. 2002. "Understanding Social Preferences with Simple Tests." Quarterly Journal of Economics, 117(3): 817-69.
43. Chetty, Raj, Adam Looney, and Kory Kroft. 2006. "Salience and Taxation: Theory and Evidence." American Economic Review.
44. Choi, James J., David Laibson, and Brigitte Madrian. 2006. "Reducing the Complexity Costs of 401(k) Participation through Quick Enrollment." National Bureau of Economic Research Working Paper 11979.
45. Choi, James J., David Laibson, Brigitte Madrian, and Andrew Metrick. 2004. "For Better or Worse: Default Effects and 401(K) Savings Behavior." In Perspectives on the Economics of Aging, ed. David A. Wise, 81-121. Chicago and London: University of Chicago Press.
46. Cicchetti, Charles J., and Jeffrey A. Dubin. 1994. "A Microeconometric Analysis of Risk Aversion and the Decision to Self-Insure." Journal of Political Economy, 102(1): 169-86.
47. Clotfelter, Charles T., and Philip J. Cook. 1993. "The 'Gambler's Fallacy' in Lottery Play." Management Science, 39(12): 1521-25.
48. Cohen, Lauren, and Andrea Frazzini. 2008. "Economic Links and Predictable Returns." Journal of Finance, 63(4): 1977-2011.
49. Conlin, Michael, Ted O'Donoghue, and Timothy J. Vogelsang. 2007. "Projection Bias in Catalog Orders." American Economic Review, 97(4): 1217-49.
50. Conlisk, John. 1996. "Why Bounded Rationality?" Journal of Economic Literature, 34(2): 669-700.
51. Cowgill, Bo, Justin Wolfers, and Eric Zitzewitz. 2008. "Using Prediction Markets to Track Information Flows: Evidence from Google." Unpublished.
52. Cronqvist, Henrik, and Richard H. Thaler. 2004. "Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience." American Economic Review, 94(2): 424-28.
53. Dahl, Gordon, and Stefano DellaVigna. 2009. "Does Movie Violence Increase Violent Crime?" Quartery Journal of Economics, 124(2): 677-734.
54. Daniel, Kent, David Hirshleifer, and Avanidhar Subrahmanyam. 1998. "Investor Psychology and Security Market Under-and Overreactions." Journal of Finance, 53(6): 1839-85.
55. De Bondt, Werner F. M., and Richard H. Thaler. 1985. "Does the Stock Market Overreact?" Journal of Finance, 40(3): 793-805.
56. DellaVigna, Stefano, and Ethan Kaplan. 2007. "The Fox News Effect: Media Bias and Voting." Quarterly Journal of Economics, 122(3): 1187-1234.
57. DellaVigna, Stefano, John A. List, and Ulrike Malmendier. 2009. "Testing for Altruism and Social Pressure in Charitable Giving." Unpublished.
58. DellaVigna, Stefano, and Ulrike Malmendier. 2004. "Contract Design and Self-Control: Theory and Evidence." Quarterly Journal of Economics, 119(2): 353-402.
59. DellaVigna, Stefano, and Ulrike Malmendier. 2006. "Paying Not to Go to the Gym." American Economic Review, 96(3): 694-719.
60. DellaVigna, Stefano, and M. Daniele Paserman. 2005. "Job Search and Impatience." Journal of Labor Economics, 23(3): 527-88.
61. DellaVigna, Stefano, and Joshua M. Pollet. 2007. "Demographics and Industry Returns." American Economic Review, 97(5): 1667-1702.
62. DellaVigna, Stefano, and Joshua M. Pollet. 1990. "Investor Inattention and Friday Earnings Announcements." Journal of Finance.
63. DeLong, J. Bradford, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann. 1990. "Noise Trader Risk in Financial Markets." Journal of Political Economy, 98(4): 703-38.
64. Diamond, Peter, and Hannu Vartiainen, eds. 2007. Behavioral Economics and Its Applications. Princeton and Oxford: Princeton University Press.
65. Duflo, Esther, William Gale, Jeffrey Liebman, Peter Orszag, and Emmanuel Saez. 2006. "Saving Incentives for Low-and Middle-Income Families: Evidence from a Field Experiment with H&R Block." Quarterly Journal of Economics, 121(4): 1311-46.
66. Dufwenberg, Martin, and Georg Kirchsteiger. 2004. "A Theory of Sequential Reciprocity." Games and Economic Behavior, 47(2): 268-98.
67. Edmans, Alex, Diego Garcia, and Oyvind Norli. 2007. "Sports Sentiment and Stock Returns." Journal of Finance, 62(4): 1967-98.
68. Eisensee, Thomas, and David Stromberg. 2007. "News Droughts, News Floods, and U.S. Disaster Relief." Quarterly Journal of Economics, 122(2): 693-728.
69. Eliaz, Kfir, and Ran Spiegler. 2006. "Contracting with Diversely Naive Agents." Review of Economic Studies, 73(3): 689-714.
70. Ellison, Glenn. 2006. "Bounded Rationality in Industrial Organization." In Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress, Volume 2, ed. Richard Blundell, Whitney K. Newey and Torsten Persson, 142-74. Cambridge and New York: Cambridge University Press.
71. Ellsberg, Daniel. 1961. "Risk, Ambiguity, and the Savage Axioms." Quarterly Journal of Economics, 75(4): 643-69.
72. Falk, Armin. 2007. "Gift Exchange in the Field." Econometrica, 75(5): 1501-11.
73. Falk, Armin, and Andrea Ichino. 2006. "Clean Evidence on Peer Effects." Journal of Labor Economics, 24(1): 39-57.
74. Farber, Henry S. 2005. "Is Tomorrow Another Day? The Labor Supply of New York City Cabdrivers." Journal of Political Economy, 113(1): 46-82.
75. Farber, Henry S. 2008. "Reference-Dependent Preferences and Labor Supply: The Case of New York City Taxi Drivers." American Economic Review, 98(3): 1069-82.
76. Fehr, Ernst, and Simon Gächter. 2000. "Fairness and Retaliation: The Economics of Reciprocity." Journal of Economic Perspectives, 14(3): 159-81.
77. Fehr, Ernst, and Lorenz Goette. 2007. "Do Workers Work More If Wages Are High? Evidence from a Randomized Field Experiment." American Economic Review, 97(1): 298-317.
78. Fehr, Ernst, Georg Kirchsteiger, and Arno Riedl. 1993. "Does Fairness Prevent Market Clearing? An Experimental Investigation." Quarterly Journal of Economics, 108(2): 437-59.
79. Fehr, Ernst, and Klaus M. Schmidt. 1999. "A Theory of Fairness, Competition, and Cooperation." Quarterly Journal of Economics, 114(3): 817-68.
80. Fisman, Raymond, Shachar Kariv, and Daniel Markovits. 2007. "Individual Preferences for Giving." American Economic Review, 97(5): 1858-76.
81. Forsythe, Robert, Joel L. Horowitz, N. E. Savin, and Martin Sefton. 1994. "Fairness in Simple Bargaining Experiments." Games and Economic Behavior, 6(3): 347-69.
82. Frederick, Shane, George Loewenstein, and Ted O'Donoghue. 2002. "Time Discounting and Time Preference: A Critical Review." Journal of Economic Literature, 40(2): 351-401.
83. French, Kenneth R., and James M. Poterba. 1991. "Investor Diversification and International Equity Markets." American Economic Review, 81(2): 222-26.
84. Fudenberg, Drew. 2006. "Advancing Beyond Advances in Behavioral Economics." Journal of Economic Literature, 44(3): 694-711.
85. Fudenberg, Drew, and David K. Levine. 2006. "A Dual-Self Model of Impulse Control." American Economic Review, 96(5): 1449-76.
86. Gabaix, Xavier, and David Laibson. 2006. "Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets." Quarterly Journal of Economics, 121(2): 505-40.
87. Gabaix, Xavier, David Laibson, Guillermo Moloche, and Stephen Weinberg. 2006. "Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model." American Economic Review, 96(4): 1043-68.
88. Garicano, Luis, Ignacio Palacios-Huerta, and Canice Prendergast. 2005. "Favoritism under Social Pressure." Review of Economics and Statistics, 87(2): 208-16.
89. Genesove, David, and Christopher Mayer. 2001. "Loss Aversion and Seller Behavior: Evidence from the Housing Market." Quarterly Journal of Economics, 116(4): 1233-60.
90. Gilbert, Daniel T., Elizabeth C. Pinel, Timothy D. Wilson, Stephen J. Blumberg, and Thalia P. Wheatley. 1998. "Immune Neglect: A Source of Durability Bias in Affective Forecasting." Journal of Personality and Social Psychology, 75(3): 617-38.
91. Glaeser, Edward L. 2006. "Paternalism and Psychology." University of Chicago Law Review, 73(1): 133-56.
92. Gneezy, Uri, and John A. List. 2006. "Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments." Econometrica, 74(5): 1365-84.
93. Gul, Faruk, and Wolfgang Pesendorfer. 2001. "Temptation and Self-Control." Econometrica, 69(6): 1403-35.
94. Haigh, Michael S., and John A. List. 2005. "Do Professional Traders Exhibit Myopic Loss Aversion? An Experimental Analysis." Journal of Finance, 60(1): 523-34.
95. Heidhues, Paul, and Botond Köszegi. 2008. "Competition and Price Variation When Consumers Are Loss Averse." American Economic Review, 98(4): 1245-68.
96. Hirshleifer, David, Sonya Seongyeon Lim, and Siew Hong Teoh. 2003. "Driven to Distraction: Extraneous Events and Underreaction to EarningsNews." Journal of Finance.
97. Hirshleifer, David, and Tyler Shumway. 2003. "Good Day Sunshine: Stock Returns and the Weather." Journal of Finance, 58(3): 1009-32.
98. Ho, Daniel E., and Kosuke Imai. 2008. "Estimating Causal Effects of Ballot Order from a Randomized Natural Experiment: The California Alphabet Lottery, 1978-2002." Public Opinion Quarterly, 72(2): 216-40.
99. Holt, Charles A., and Susan K. Laury. 2002. "Risk Aversion and Incentive Effects." American Economic Review, 92(5): 1644-55.
100. Hong, Harrison, and Jeremy C. Stein. 1999. "A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets." Journal of Finance, 54(6): 2143-84.
101. Hossain, Tanjim, and John Morgan. 2006. "... Plus Shipping and Handling: Revenue (Non) Equivalence in Field Experiments on eBay." B.E. Journals in Economic Analysis and Policy: Advances in Economic Analysis and Policy, 6(2): 1-27.
102. Huberman, Gur. 2001. "Familiarity Breeds Investment." Review of Financial Studies, 14(3): 659-80.
103. Huberman, Gur, and Wei Jiang. 2006. "Offering versus Choice in 401(k) Plans: Equity Exposure and Number of Funds." Journal of Finance, 61(2): 763-801.
104. Huberman, Gur, and Tomer Regev. 2001. "Contagious Speculation and a Cure for Cancer: A Nonevent That Made Stock Prices Soar." Journal of Finance, 56(1): 387-96.
105. Isoni, Andrea, Graham Loomes, and Robert Sugden. 2008. "The Willingness to Pay-Willingness to Accept Gap, the 'Endowment Effect', Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment." Unpublished.
106. Ivkovic, Zoran, James M. Poterba, and Scott Weisbenner. 2005. "Tax-Motivated Trading by Individual Investors." American Economic Review, 95(5): 1605-30.
107. Iyengar, Sheena S., and Mark R. Lepper. 2000. "When Choice Is Demotivating: Can One Desire Too Much of a Good Thing?" Journal of Personality and Social Psychology, 79(6): 995-1006.
108. Johnson, Eric J., and Daniel Goldstein. 2003. "Do Defaults Save Lives?" Science, 302(5649): 1338-39.
109. Johnson, Eric J., John Hershey, Jacqueline Meszaros, and Howard Kunreuther. 1993. "Framing, Probability Distortions, and Insurance Decisions." Journal of Risk and Uncertainty, 7(1): 35-51.
110. Josephson, Wendy L. 1987. "Television Violence and Children's Aggression: Testing the Priming, Social Script, and Disinhibition Predictions." Journal of Personality and Social Psychology, 53(5): 882-90.
111. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1986. "Fairness and the Assumptions of Economics." Journal of Business, 59(4): S285-300.
112. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem." Journal of Political Economy, 98(6): 1325-48.
113. Kahneman, Daniel, and Amos Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica, 47(2): 263-91.
114. Karlsson, Niklas, George Loewenstein, and Duane J. Seppi. 2005. "The 'Ostrich Effect': Selective Attention to Information about Investments." Unpublished.
115. Kim, E. Han, Adair Morse, and Luigi Zingales. 2006. "What Has Mattered to Economics since 1970." Journal of Economic Perspectives, 20(4): 189-202.
116. Knetsch, Jack L., and Wei-Kang Wong. 2006. "The Endowment Effect and the Reference State: Evidence and Manipulations." Journal of Economic Behavior and Organization.
117. Köszegi, Botond, and Matthew Rabin. 2006. "A Model of Reference-Dependent Preferences." Quarterly Journal of Economics, 121(4): 1133-65.
118. Krueger, Alan B., and Alexandre Mas. 2004. "Strikes, Scabs, and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires." Journal of Political Economy, 112(2): 253-89.
119. Kruger, Justin. 1999. "Lake Wobegon Be Gone! The 'Below-Average Effect' and the Egocentric Nature of Comparative Ability Judgments." Journal of Personality and Social Psychology, 77(2): 221-32.
120. Kube, Sebastian, Michel André Maréchal, and Clemens Puppe. 2008a. "The Currency of Reciprocity- Gift-Exchange in the Workplace." University of Zurich Institute for Empirical Research in Economics Working Paper 377.
121. Kube, Sebastian, Michel André Maréchal, and Clemens Puppe. 2008b. "Do Wage Cuts Damage Work Morale? Evidence from a Natural Field Experiment." Unpublished.
122. Laibson, David. 1997. "Golden Eggs and Hyperbolic Discounting." Quarterly Journal of Economics, 112(2): 443-77.
123. Laibson, David, Andrea Repetto, and Jeremy Tobacman. 2009. "Estimating Discount Functions with Consumption Choices over the Lifecycle." Unpublished.
124. Landry, Craig E., Andreas Lange, John A. List, Michael K. Price, and Nicholas G. Rupp. 2006. "Toward an Understanding of the Economics of Charity: Evidence from a Field Experiment." Quarterly Journal of Economics, 121(2): 747-82.
125. Lee, Young Han, and Ulrike Malmendier. 2007. "The Bidder's Curse." National Bureau of Economic Research Working Paper 13699.
126. Levitt, Steven D., and John A. List. 2007. "What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World?" Journal of Economic Perspectives, 21(2): 153-74.
127. List, John A. 2003. "Does Market Experience Eliminate Market Anomalies?" Quarterly Journal of Economics, 118(1): 41-71.
128. List, John A. 2004. "Neoclassical Theory versus Prospect Theory: Evidence from the Marketplace." Econometrica, 72(2): 615-25.
129. List, John A. 2006. "The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions." Journal of Political Economy, 114(1): 1-37.
130. List, John A., and David Lucking-Reiley. 2002. "The Effects of Seed Money and Refunds on Charitable Giving: Experimental Evidence from a University Capital Campaign." Journal of Political Economy, 110(1): 215-33.
131. Loewenstein, George, and Jennifer S. Lerner. 2003. "The Role of Affect in Decision Making." In Hand-book of Affective Sciences, ed. Richard J. Davidson, Klaus R. Scherer, and H. Hill Goldsmith, 619-42. Oxford and New York: Oxford University Press.
132. Loewenstein, George, Ted O'Donoghue, and Matthew Rabin. 2003. "Projection Bias in Predicting Future Utility." Quarterly Journal of Economics, 118(4): 1209-48.
133. Loewenstein, George, and Drazen Prelec. 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation." Quarterly Journal of Economics, 107(2): 573-97.
134. Loughran, Tim, and Jay R. Ritter. 1995. "The New Issues Puzzle." Journal of Finance, 50(1): 23-51.
135. Madrian, Brigitte, and Dennis F. Shea. 2001. "The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior." Quarterly Journal of Economics, 116(4): 1149-87.
136. Malmendier, Ulrike, and Devin Shanthikumar. 2007. "Are Small Investors Naive about Incentives?" Journal of Financial Economics, 85(2): 457-89.
137. Malmendier, Ulrike, and Geoffrey Tate. 2005. "CEO Overconfidence and Corporate Investment." Journal of Finance, 60(6): 2661-2700.
138. Malmendier, Ulrike, and Geoffrey Tate. 2008. "Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction." Journal of Financial Economics, 89(1): 20-43.
139. Mankiw, N. Gregory, and Ricardo Reis. 2002. "Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve." Quarterly Journal of Economics, 117(4): 1295-1328.
140. Mas, Alexandre. 2006. "Pay, Reference Points, and Police Performance." Quarterly Journal of Economics, 121(3): 783-821.
141. Mas, Alexandre, and Enrico Moretti. 2004. "Peers at Work." American Economic Review.
142. McClure, Samuel M., David Laibson, George Loewenstein, and Jonathan D. Cohen. 2004. "Separate Neural Systems Value Immediate and Delayed Monetary Rewards." Science, 306(5695): 503-07.
143. Mehra, Rajnish, and Edward C. Prescott. 1985. "The Equity Premium: A Puzzle." Journal of Monetary Economics, 15(2): 145-61.
144. Milgram, Stanley. 1963. "Behavioral Study of Obedience." Journal of Abnormal and Social Psychology, 67(4): 371-78.
145. Mullainathan, Sendhil, and Richard H. Thaler. 2001. "Behavioral Economics." In International Encyclopedia of the Social and Behavioral Sciences, Volume 20, ed. Neil J. Smelser and Paul B. Baltes, 1094-1100. Oxford and New York: Oxford University Press.
146. Odean, Terrance. 1998. "Are Investors Reluctant to Realize Their Losses?" Journal of Finance, 53(5): 1775-98.
147. Odean, Terrance. 1999. "Do Investors Trade Too Much?" American Economic Review, 89(5): 1279-98.
148. O'Donoghue, Ted, and Matthew Rabin. 1999a. "Doing It Now or Later." American Economic Review, 89(1): 103-24.
149. O'Donoghue, Ted, and Matthew Rabin. 1999b. "Procrastination in Preparing for Retirement." In Behavioral Dimensions of Retirement Economics, ed. Henry J. Aaron, 125-56. Washington, D.C.: Brookings Institution Press; New York: Russell Sage Foundation.
150. O'Donoghue, Ted, and Matthew Rabin. 2001. "Choice and Procrastination." Quarterly Journal of Economics, 116(1): 121-60.
151. Oyer, Paul, and Scott Schaefer. 2005. "Why Do Some Firms Give Stock Options to All Employees?: An Empirical Examination of Alternative Theories." Journal of Financial Economics, 76(1): 99-133.
152. Palacios-Huerta, Ignacio, and Oscar Volij. 2008. "Field Centipedes." American Economic Review.
153. Paserman, M. Daniele. 2008. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation." Economic Journal, 118(531): 1418-52.
154. Phelps, E. S., and R. A. Pollak. 1968. "On Second-Best National Saving and Game-Equilibrium Growth." Review of Economic Studies, 35(2): 185-99.
155. Plott, Charles R., and Kathryn Zeiler. 2005. "The Willingness to Pay-Willingness to Accept Gap, the 'Endowment Effect,' Subject Misconceptions, and Experimental Procedures for Eliciting Valuations." American Economic Review, 95(3): 530-45.
156. Pope, Devin G. 2007. "Reacting to Rankings: Evidence from 'America's Best Hospitals and Colleges.'" Unpublished.
157. Rabin, Matthew. 1993. "Incorporating Fairness into Game Theory and Economics." American Economic Review, 83(5): 1281-1302.
158. Rabin, Matthew. 1998. "Psychology and Economics." Journal of Economic Literature, 36(1): 11-46.
159. Rabin, Matthew. 2000. "Risk Aversion and ExpectedUtility Theory: A Calibration Theorem." Econometrica, 68(5): 1281-92.
160. Rabin, Matthew. 2002a. "Inference by Believers in the Law of Small Numbers." Quarterly Journal of Economics, 117(3): 775-816.
161. Rabin, Matthew. 2002b. "A Perspective on Psychology and Economics." European Economic Review, 46(4-5): 657-85.
162. Rabin, Matthew, and Georg Weizsäcker. 2001. "Narrow Bracketing and Dominated Choices." American Economic Review.
163. Rashes, Michael S. 2001. "Massively Confused Investors Making Conspicuously Ignorant Choices (MCI-MCIC)." Journal of Finance, 56(5): 1911-27.
164. Read, Daniel, and Barbara van Leeuwen. 1998. "Predicting Hunger: The Effects of Appetite and Delay on Choice." Organizational Behavior and Human Decision Processes, 76(2): 189-205.
165. Rind, Bruce. 1996. "Effects of Beliefs about Weather Conditions on Tipping." Journal of Applied Social Psychology, 26(2): 137-47.
166. Samuelson, William, and Richard Zeckhauser. 1988. "Status Quo Bias in Decision Making." Journal of Risk and Uncertainty, 1(1): 7-59.
167. Saunders, Edward M., Jr. 1993. "Stock Prices and Wall Street Weather." American Economic Review, 83(5): 1337-45.
168. Schwarz, Norbert, and Gerald L. Clore. 1983. "Mood, Misattribution, and Judgments of Well-Being: Informative and Directive Functions of Affective States." Journal of Personality and Social Psychology, 45(3): 513-23.
169. Shleifer, Andrei. 2000. Inefficient Markets: An Introduction to Behavioral Finance. Oxford and New York: Oxford University Press.
170. Shue, Kelly, and Erzo F. P. Luttmer. 1955. "Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes." American Economic Journal: Economic Policy.
171. Simon, Herbert A. 1955. "A Behavioral Model of Rational Choice." Quarterly Journal of Economics, 69(1): 99-118.
172. Simonsohn, Uri. 1990. "Weather to Go to College." Economic Journal.
173. Simonson, Itamar. 1990. "The Effect of Purchase Quantity and Timing on Variety-Seeking Behavior." Journal of Marketing Research, 27(2): 150-62.
174. Sims, Christopher A. 2003. "Implications of Rational Inattention." Journal of Monetary Economics, 50(3): 665-90.
175. Skiba, Paige Marta, and Jeremy Tobacman. 2008. "Payday Loans, Uncertainty, and Discounting: Explaining Patterns of Borrowing, Repayment, and Default." Unpublished.
176. Strotz, R. H. 1956. "Myopia and Inconsistency in Dynamic Utility Maximization." Review of Economic Studies, 23(3): 165-80.
177. Svenson, Ola. 1981. "Are We All Less Ricky and More Skillful than Our Fellow Drivers?" Acta Psycholigica, 47(2): 143-48.
178. Sydnor, Justin, 2006. "Sweating the Small Stuff: Risk Aversion in Homeowners Insurance." Unpublished.
179. Terrell, Dek. 1994. "A Test of the Gambler's Fallacy: Evidence from Pari-mutuel Games." Journal of Risk and Uncertainty, 8(3): 309-17.
180. Thaler, Richard H. 1981. "Some Empirical Evidence on Dynamic Inconsistency." Economics Letters, 8(3): 201-07.
181. Thaler, Richard H., and Shlomo Benartzi. 2004. "Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving." Journal of Political Economy, 112(1): S164-87.
182. Thaler, Richard H., and Hersh M. Shefrin. 1981. "An Economic Theory of Self-Control." Journal of Political Economy, 89(2): 392-406.
183. Tversky, Amos, and Daniel Kahneman. 1974. "Judgment under Uncertainty: Heuristics and Biases." Science, 185(4157): 1124-31.
184. Tversky, Amos, and Daniel Kahneman. 1981. "The Framing of Decisions and the Psychology of Choice." Science, 211(4481): 453-58.
185. Tversky, Amos, and Daniel Kahneman. 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty." Journal of Risk and Uncertainty, 5(4): 297-323.
186. Weinstein, Neil D. 1980. "Unrealistic Optimism about Future Life Events." Journal of Personality and Social Psychology, 39(5): 806-20.