I exploit a natural experiment to show that household investment decisions depend on the manner in which information is …

correlating a new individual index of debt aversion on individual characteristics such as gender, cognitive ability, and risk … aversion. The findings suggest that gender and risk aversion are not correlated with debt aversion. However, cognitive ability …

correlating a new individual index of debt aversion on individual characteristics such as gender, cognitive ability, and risk … aversion. The findings suggest that gender and risk aversion are not correlated with debt aversion. However, cognitive ability …

order to disentangle different choice dynamics, they devise a laboratory experiment with a novel experimental task in which …

foods. In a within-subjects longitudinal experiment with 697 low-income Chinese high school students we find strong present …

We show that aversion to risk and ambiguity leads to information inertia when investors process public news about … not reflect this bad news. This informational inefficiency is more severe when there is more risk and ambiguity but … disappears when investors are risk neutral or the news is about idiosyncratic risk. Information inertia leads to news momentum (e …

Using a randomized information experiment embedded in a representative survey, we study households' economic …

. Over time, participants adapt to changes in tier structure in the direction predicted by theory. Risk aversion partly …