deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance … models predict. Our model ascribes the "bias" to endogenous information acquisition bolstered by investors' human capital. We …

categorized ratings in an asset allocation experiment in which subjects make repeated allocation decisions under complete … convey no information, categorized ratings affect subject investment choices and harm performance in the experiment. Subjects …

eliminating) the observed home bias …

A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse … applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model …. We discuss and compare the use of natural experiments across these different applications and summarize what they have …

We develop online survey experiments to analyze how information about inequality and taxes affects preferences for …