Do people have an irrational dislike for risk? People pay less for uncertain prospects than their worst possible outcomes (Gneezy, List, and Wu 2006), and researchers have proposed that this effect occurs because people strongly dislike risk. We challenge this proposition across seven studies....

One of the most prominent areas of research in psychology concerns understanding people’s preferences. In this paper, we critically examine one of the most used preference elicitation procedures: willingness-to-pay (WTP). Contrary to assumptions that WTP captures personal preferences (i.e.,...

Empirical results often hinge on data analytic decisions that are simultaneously defensible, arbitrary, and motivated. To mitigate this problem we introduce Specification-Curve Analysis, which consists of three steps: (i) identifying the set of theoretically justified, statistically valid, and...

When studies examine true effects, they generate right-skewed p-curves, distributions of statistically significant results with more low (.01s) than high (.04s) p-values. What else can cause a right-skewed p-curve? First, we consider the possibility that researchers report only the smallest...

Journals tend to publish only statistically significant evidence, creating a scientific record that markedly overstates the size of effects. We provide a new tool that corrects for this bias without requiring access to nonsignificant results. It capitalizes on the fact that the distribution of...

Four field experiments examined the quantitative and qualitative forces influencing behaviors under consumer elective pricing called “shared social responsibility” (SSR, Gneezy, Gneezy, Nelson, & Brown, 2010). Under SSR consumers can pay what they want and a percentage of their payment goes...