We study perfectly patient agents who estimate the value of future events by generating
noisy, unbiased simulations and combining those signals with priors to form posteriors …

We examine how owning a good affects learning and beliefs about its quality. We show that
people have more extreme reactions to information about a good they own compared with …

Behavioral constraints may explain part of the low demand for preventive health products.
We test the effects of two light-touch psychological interventions on water chlorination and …

Intertemporal choices–decisions that play out over time–pervade our life. Thus, how people
make intertemporal choices is a fundamental question. Here, we investigate the role of …

We provide experimental evidence that core intertemporal choice anomalies–including
extreme short-run impatience, structural estimates of present bias, hyperbolicity and …

We survey the recent literature in economics measuring what is on top of people's minds
using open-ended questions. We first provide an overview of studies in political economy …

We propose a theory of the complexity of economic decisions. Leveraging a macroeconomic
framework of production functions, we conceptualize the mind as a cognitive economy …

Under the background of “carbon peak and carbon neutrality,” the development of public low-
carbon behavior is an important guarantee for environmental improvement. The in-depth …

Do people have well-defined social preferences waiting to be applied when making
decisions? Or do they have to construct social decisions on the spot? If the latter, how are …

This paper studies the relevance of cognitive uncertainty–subjective uncertainty over one's
utility-maximizing action–for understanding and predicting intertemporal choice. The main …