We study dynamic decentralized two-sided matching where players' preferences evolve due to unanticipated experiences. Stability requires no pairwise common belief in blocking, but unanticipated experiences can destabilize matchings. We show the existence of self-confirming outcomes that are...

Stringent environmental policies often lack public support. But after policies are enacted, do individual preferences about them change? Using surveys covering 38 countries around the world, we study the effect of exposure to environmental policies on policy preferences. Exploiting...

Stringent environmental policies often lack public support. But after policies are enacted, do individual preferences about them change? Using surveys covering 38 countries around the world, we study the effect of exposure to environmental policies on policy preferences. Exploiting...

We investigate how exposure to large-scale farms affects smallholders’ competitive behavior. Based on lab-in-the-field experimental measures covering more than 900 smallholders and 400 children in Zambia, we find that smallholders who are traditionally dependent on subsistence agriculture...

Previous international research suggests that women are on average more risk averse than men. This gives rise to the question of whether the gender gap in risk attitudes is shaped by the social environment. We address this question by examining risk attitudes among East and West Germans. Even...

Besley and Persson (2023) pioneer a political economy model of a green transition with changing preferences. Here we solve for the optimal policy intervention and find that the optimal tax on the polluting good starts high and is subsequently declining, to support the transition in preferences....