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 …

There is growing awareness within the economics profession of the important role narratives
play in the economy. Even though empirical approaches that try to quantify economic …

We provide evidence on narratives about the macroeconomy—the stories people tell to
explain macroeconomic phenomena—in the context of a historic surge in inflation. We …

In many economic decisions, people estimate probabilities, such as the likelihood that a risk
materializes or that a job applicant will be a productive employee, by retrieving experiences …

We formalize the argument that political disagreements can be traced to a “clash of
narratives.” Drawing on the “Bayesian Networks” literature, we represent a narrative by a …

We experimentally study how people form predictive models of simple data generating
processes (DGPs), by showing subjects data sets and asking them to predict future outputs …

This paper provides a quantitative analysis of the effects of the early law-and-economics
movement on the US judiciary. We focus on the Manne Economics Institute for Federal …

We study extensive‐form games and mechanisms allowing agents that plan for only a
subset of future decisions they may be called to make (the planning horizon). Agents may …

Persuasive communication functions not only through content but also delivery, eg, facial
expression, tone of voice, and diction. This paper examines the persuasiveness of delivery …

We develop a framework for assessing when somebody will eventually notice that she has a
misspecified model of the world, premised on the idea that she neglects information that she …