We investigate how the experience of extreme events, such as the COVID-19 market crash, influence risk-taking behavior. To isolate changes in risk taking from other factors, we ran controlled experiments with finance professionals in December 2019 and March 2020. We observe that their...

The author sets up a simplistic agent-based model where agents learn with reinforcement observing an incomplete set of variables. The model is employed to generate an artificial dataset that is used to estimate standard macro econometric models. The author shows that the results are...

Abstract This paper provides empirical interpretation of the do(x) operator when applied to non-manipulable variables such as race, obesity, or cholesterol level. We view do(x) as an ideal intervention that provides valuable information on the effects of manipulable variables and is thus...