We review the fast-growing work on salience and economic behavior. Psychological
research shows that salient stimuli attract human attention bottom up due to their high …

In recent years, experiments have documented a new mechanism that leads to failures of
profit maximization: the failure of contingent thinking (FCT). This article summarizes key …

We provide one of the first systematic assessments of the development and determinants of
economic anxiety at the onset of the coronavirus pandemic. Using a global data set on …

We synthesize the literature on the recent rise of populism. First, we discuss definitions and
present descriptive evidence on the recent increase in support for populists. Second, we …

Examining a shock to the salience of the sustainability of the US mutual fund market, we
present causal evidence that investors marketwide value sustainability: being categorized …

" According to historians, European trade took off at the end of the 12th century in what is
now the North of France, in the county of Champagne. 1 It is at this period that this county …

Inattention is a central, unifying theme for much of behavioral economics. It permeates such
disparate fields as microeconomics, macroeconomics, finance, public economics, and …

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 …

A common objection to “sin taxes”—corrective taxes on goods that are thought to be
overconsumed, such as cigarettes, alcohol, and sugary drinks—is that they often fall …

This paper analyzes how bounded rationality affects monetary and fiscal policy via an
empirically relevant enrichment of the New Keynesian model. It models agents' partial …