Existing research finds significant partisan differences in public opinion on the causes of poverty, deservingness of government assistance, and support for government spending on social protection. However, much of the evidence comes from middle-to-high-income countries with established social...

Since the first Earth Day in the 1970s, corporate environmental performance has increased dramatically, and cases of green-washing have increased sharply. The term green-wash refers to a variety of different misleading communications that aim to form overly positive beliefs among stakeholders...

We propose the visual attention hypothesis, that visuals in firm earnings announcements increase attention to the earnings news. We find that visuals in firm Twitter earnings announcements are associated with more retweets, consistent with greater follower engagement with announcements with...

If people think or expect that others are kind, ethical or fair, are they more likely to be kind, ethical and fair in their own judgments and behaviors? Answering this question is difficult because of the confluence of individual, institutional and other-regarding factors that affect ethical...

We study national newspaper reporting and investor beliefs across the U.S., Germany, and Japan. Using novel large-scale hand-coded media data for the automotive industry, we show that news about companies is systematically more positive in companies' home countries than abroad. Home-country...

Using direct investor attention proxies, we show that constrained investors follow a pecking order in allocating attention. While retail investors are attentive to both macroeconomic news and individual firms' earnings announcements, macroeconomic news crowds out attention to earnings by 28.8%....

Internet users often surf to multiple websites in order to accomplish a single task. When this happens, do these different sites face the right incentives when choosing their advertising policies? We build a model showing that websites face an interesting tradeoff: on the one hand, they are...

This paper proposes a simple approach to recover cognitive attention costs in information processing from elicited beliefs. Applying the empirical strategy to experimental data on a belief updating task, I find that about 25% of the subjects behave as if facing positive attention costs. The...