The literature regarding the effects of environmental hazards on social preferences is mixed and partially contradictory. The lack of a baseline in these studies is a severe methodological constraint, as it is hard to identify heterogeneous treatment effects through experience in the recovery...

The literature regarding the effects of environmental hazards on social preferences is mixed and partially contradictory. The lack of a baseline in these studies is a severe methodological constraint, as it is hard to identify heterogeneous treatment effects through experience in the recovery...

The stag-hunt game is a prototype for social contracts. Adopting a new and better social contract is usually challenging because the current one is already well established and stable due to sanctions imposed on non-conforming members. Thus, how does a population shift from the current social...

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...

We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...