Many people care about how they are perceived by those around them. Several recent field
experiments in economics have found that such social image concerns can have powerful …

This chapter surveys the literature on bubbles, financial crises, and systemic risk. The first
part of the chapter provides a brief historical account of bubbles and financial crisis. The …

Using a high‐stakes field experiment conducted with a financial brokerage, we implement a
novel design to separately identify two channels of social influence in financial decisions …

This fully updated third edition is devoted to the analysis of various Stochastic Dominance
(SD) decision rules. It discusses the pros and cons of each of the alternate SD rules, the …

Using the historical random assignment of MBA students to sections at Harvard Business
School (HBS), I explore how executive peer networks can affect managerial decision …

We estimate how households trade off immediate costs and uncertain future benefits that
occur in the very long run, 100 or more years away. We exploit a unique feature of housing …

We consider an economy populated by institutional investors alongside standard retail
investors. Institutions care about their performance relative to a certain index. Our framework …

Rankings are omnipresent in the finance industry, yet the literature is silent on how they
impact financial professionals' behavior. Using lab‐in‐the‐field experiments with 657 …

We examine how product market competition affects firm cash flows and stock returns in
industry booms and busts. Our results show how real and financial factors interact in industry …

This study investigates speculative bubbles in the cryptocurrency market and factors
affecting bubbles during the COVID-19 pandemic. Our results indicate that each …