Markets for consumer financial services are growing rapidly in low-and middle-income
countries and are being transformed by digital technologies and platforms. With growth and …

Robo-advice uses big and open data to provide consumers with fully informed and rational-
expectation benchmarks in all realms of household finance, including consumption, saving …

This article documents the economic relevance of measuring cognitive uncertainty: people's
subjective uncertainty over their ex ante utility-maximizing decision. In a series of …

We provide evidence that the signature empirical patterns of prospect theory are not special
phenomena of risk. They also arise (and often with equal strength) when subjects evaluate …

We study the pattern of correlations across a large number of behavioral regularities, with
the goal of creating an empirical basis for more comprehensive theories of decision-making …

Personal finance decisions are fundamental to household well-being and financial security,
and determine households' ability to accumulate wealth over time, leave bequests for …

Competition and consumer search costs can lead to price dispersion in an oligopoly. IO
research has long identified the existence of search costs and estimated their distribution …

I propose a method for mapping psychological personality traits to economic preferences. I
use factor analysis to extract information on individuals' cognitive ability and personality and …

There is a limit to the productive exchange of generalizations about public policy. At some
point, as William James reminds us, we must go beyond an initial insight or generalization …

We measure individual-level loss aversion using three incentivized, representative surveys
of the US population (combined N= 3,000). We find that around 50% of the US population is …