We present results from a laboratory study of loss aversion in the context of intertemporal choice. We investigate whether the provision of (windfall) endowments results in different elicited discount rates relative to subjects who earn income or earn and retain the income for a period before...

Using ideas from status characteristics theory, this essay examines the role of status-induced biases regarding an agent's beliefs about her abilities and those of others. According to the theory of status characteristics and expectation states, individuals who perceive themselves as low in the...