Across many domains of decision making, people seem both rational and irrational. We
review recent work that aims to reconcile these apparently contradictory views by modeling …

Behavioral development economics applies theories and ideas from psychology and
behavioral economics to the study of questions in development economics. We begin by …

Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

Loss aversion is one of the most widely used concepts in behavioral economics. We conduct
a large-scale, interdisciplinary meta-analysis to systematically accumulate knowledge from …

Loss aversion can occur in riskless and risky choices. We present novel evidence on both in
a non-student sample (660 randomly selected customers of a car manufacturer). We …

What is the role of structural estimation in behavioral economics? I discuss advantages, and
limitations, of the work in Structural Behavioral Economics. I also cover common modeling …

This paper studies the large concentration of retirement behavior around statutory retirement
ages, a puzzling stylized fact. To investigate this fact, I estimate bunching responses to 644 …

The mathematical framework of psychological game theory is useful for describing many
forms of motivation where preferences depend directly on one's own or others' beliefs. It …

In traditional economic models, memories of past experiences affect choices only to the
extent that they represent information. We review recent advances in economic research that …

Evidence suggests that participants in strategy-proof matching mechanisms play dominated
strategies. To explain the data, we introduce expectation-based loss aversion into a school …