Many decisions made by authorities pose uncertain consequences for the individuals affected by them, yet people must determine the extent to which they will support the change. Integrating the social justice and behavioral decision theory literatures, the article argues that individuals...

Bidders' psychological biases can have important effects on behavior in auctions and the principles of auction design. I consider two potential sources of the winner's curse in common values auctions. The first, overconfidence, is here defined for the first time in a fully general, distribution...

Although political scientists have long expressed skepticism about the prospects for experimental science, an analysis of the first hundred volumes of the American Political Science Review reveals that randomized experiments have grown in impact and prominence. We document how thinking about...