The paper studies the behavior of individuals in situations of probabilistic uncertainty, wherein randomness is simulated to promote rational decision-making. Behavioral heuristics like Mean Reversion, Mental Accounting, Ambiguity, and Overconfidence were observed even in situations of...

Traditionally, in the Federal Reserve's Open Market statements, the planned Federal Funds rate is set to be contained within well defined bands and not a given single value, so that the funds rate is able to vary freely within that range without interference.This paper provides an explanation of...

Rent control policies seek to ensure affordable and stable housing for current tenants; however, they also increase the incentive for landlords to evict tenants since rents re-set when tenants leave. We exploit variation across zip codes in policy exposure to the 1994 rent control referendum in...

Choice Algonomics is a Report on Algorand and Choice Coin tokenomics with an emphasis on Algo and Choice. Algo is the native cryptocurrency of the Algorand blockchain and its breakthrough layer-1 technical protocol. Choice is a utility token for voting created by the Choice Coin DAO, the largest...

Iran has the world's only government-regulated kidney market. We report the results of the first field study of donor behaviour in this unusual market. Participants have lower risk tolerance and higher patience levels than the Iranian average but display no difference in rationality from...

According to Epictetus, mental freedom and happiness can be achieved by distinguishing between, on the one hand, things that are upon our con- trol (our acts, opinions and desires), and, on the other hand, things that are not upon our control (our body, property, offi ces and reputation), and by...