We review the fast-growing work on salience and economic behavior. Psychological research shows that salient stimuli attract human attention "bottom up" due to their high contrast with surroundings, their surprising nature relative to recalled experiences, or their prominence. The Bordalo,...

Genetic factors play a major role in the development of Alzheimer's disease and related dementias (ADRD). Observable genetic factors could impact household planning and medical care if they contain actionable information, meaning that they i) are associated with significant harms, ii) reflect...

Business cycle models often abstract from persistent household heterogeneity, despite its potentially significant implications for macroeconomic fluctuations and policy. We show empirically that the likelihood of being persistently financially constrained decreases with cognitive skills and...

After highly publicized lawsuits against McDonald's in 2002, 26 states adopted Commonsense Consumption Acts (CCAs) - aka 'Cheeseburger Bills' - that greatly limit fast food companies' liability for weight-related harms. We provide the first evidence of the effects of CCAs using plausibly...

We develop a model where products liability trials provide information to consumers who are not parties to the litigation. Consumers use this information to take precautions against dangerous products. A critical assumption is that consumers cannot differentiate between firms that have never...

What causes adverse policing outcomes, such as excessive uses of force and unnecessary arrests? Prevailing explanations focus on problematic officers or deficient regulations and oversight. Here, we introduce a new, overlooked perspective. We suggest that the cognitive demands inherent in...

Roughly 25 percent of first-year college students do not return for a second year. This has led to a range of policies and interventions aimed at increasing college performance, persistence, and graduation. In this article, we assess whether cognitive strategy instruction (CSI) has the potential...

This study examines the long-term effects of prenatal exposure to war violence on cognitive and developmental outcomes, focusing on children in Afghanistan, a country deeply affected by prolonged violent conflict. Using data from the 2022 Afghanistan Multiple Indicator Cluster Surveys and...

Boys are less likely than girls to enter college, a gap that is often attributed to a lack of non-cognitive skills such as motivation and self-discipline. We study how being classified as gifted - determined by having an IQ score of 116 or higher - affects college entry rates of disadvantaged...