This paper studies how a preference for consistency can affect economic decision-making. We propose a two-period model where people have a preference for consistency because consistent behavior allows them to signal personal and intellectual strength. We then present three experiments that study...

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...

Beliefs are a central determinant of behavior. Recent models assume that beliefs about or the anticipation of future consumption have direct utilityconsequences. This gives rise to informational preferences, i.e., preferences over the timing and structure of information. Using a novel and...

We conduct a large-scale field experiment in the German labor market to investigate how information provision affects job seekers' employment prospects and labor market outcomes. Individuals assigned to the treatment group of our experiment received a brochure that informed them about job search...

Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals' inclination to trust others?...

This study presents descriptive and causal evidence on the role of the social environment in shaping the accuracy of self-assessment. We introduce a novel incentivized measurement tool to measure the accuracy of self-assessment among children and use this tool to show that children from high...

This paper experimentally studies the role of associative memory for belief formation. Realworld information signals are often embedded in memorable contexts. Thus, today’s news, and the contexts they are embedded in, may cue the selective retrieval of similar past news and hence contribute to...

This paper introduces a new set of simple experimentally-validated survey games to measure moral universalism: the extent to which people exhibit the same level of altruism and trust towards strangers as towards in-group members. In a representative sample of the U.S. population, an...

Throughout the Western world, people's policy preferences are correlated across domains in a strikingly similar fashion. Based on a simple model, we propose that what partly explains the particular internal structure of political ideology is heterogeneity in moral universalism: the extent to...

In this note, we provide evidence that motivated reasoning can be a source of discriminatory beliefs. We employ a representative survey experiment where we exogenously manipulate the presence of a need for justification of anti-social behavior towards an out-group. We provide causal evidence...