Articles (peer-reviewed) [1076]

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Forthcoming
Concession Bargaining – An Experimental Comparison of Protocols and Time Horizons
The Journal of Conflict Resolution
forthcoming
Diffusion of Legal Innovations: The Case of Israeli Class Actions
Journal of Empirical Legal Studies
forthcoming
Endogenous information acquisition in matching problems
Social Choice and Welfare
forthcoming
Forum Selling Abroad
Southern California Law Review
forthcoming
How to Protect Entitlements: An Experiment
Journal of Law and Economics
forthcoming
Information Aggregation Through Stock Prices and the Cost of Capital
Journal of Institutional and Theoretical Economics
forthcoming
Literacy and the migrant-native wage gap
Review of Income and Wealth
forthcoming
Thinking about Prices versus Thinking about Returns in Financial Markets
Journal of Finance
forthcoming
Abstract
Prices and returns are alternative ways to present information and to elicit expectations in financial markets. But do investors think of prices and returns in the same way? We present three studies with subjects having various levels of expertise, amount of information, and different incentive schemes. The results are consistent across all studies: Asking subjects to forecast returns as opposed to prices results in higher expectations, whereas showing them return charts as opposed to price charts results in lower expectations. Experience is not a useful remedy but cognitive reflection mitigates the impact of format changes.
To be the tail of the lions or the head of the foxes
Management Science
forthcoming
Voluntary Cooperation in Local Public Goods Provision – An Experimental Study
Journal of Public Economics
forthcoming