Why do people come to reject climate science or the safety and efficacy of vaccines, in
defiance of the scientific consensus? A popular view explains bad beliefs like these as …

Using a field experiment in a 401 (k) plan, we measure the effect of disseminating
information about peer behavior on savings. Low‐saving employees received simplified …

We study experimentally when, why, and how people intervene in others' choices. Choice
Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for …

We analyze a rational expectations equilibrium model to explore the implications of
information networks for the financial market. When information is exogenous, social …

This article investigates how incentives and behavioural policy interventions affect
individuals' allocation of scarce cognitive resources. Based on experimental evidence, we …

Investor sophistication has lagged behind the growing complexity of retail financial markets.
To explore this, we develop a dynamic model to study the interaction between obfuscation …

Financial regulation has entered into a new era, as many foundational economic theories
and policies supporting the existing infrastructure have been and are being questioned …

Thaler and Sunstein advance the concept of 'nudge'policies—non-regulatory and non-fiscal
mechanisms designed to enlist people's cognitive biases or motivational deficits so as to …

We report results of two laboratory experiments and a representative survey that investigate
how default effects are shaped by information asymmetries and strategic incentives. We …

Because people disproportionally follow defaults, both libertarian paternalists and marketers
try to present options they want to promote as the default. However, setting certain defaults …