Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...

We use economic experiments to examine the nature of relational trading under a menu of incomplete contracts ranging from the repeat purchase mechanism of Klein and Leffler (1981) to highly incomplete contracts that are completely unenforceable by third-parties. Our results suggest that, with...

In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Dating violence is a serious public health concern both per se and because victimization in the young adult years can be a precursor to more severe incidents of domestic violence later, in the context of cohabitation or marriage. To date, no quantitative studies have examined dating violence...

Young women's experiences of sexual victimization can have far-reaching consequences, including unwanted pregnancy and increased risk of psychological, sexual, and reproductive health difficulties; these experiences can also limit young women's ability to achieve their educational potential. To...