Past research has demonstrated that many individuals are not well equipped to make financial decisions and hence depend greatly on the flow and quality of financial information. Various governments are implementing reforms aimed at improving the quality of pension financial communication....

Intertemporal choice refers to the decision-making process involving trade-offs between rewards available at different points in time (smaller sooner versus larger later rewards). In this process, empirical evidence often deviates from the exponential preferences predicted by the normative...

Organ shortage is a public issue, whereas in many countries the demand for organ donation cards is a purely private decision. Most policies employed to reduce organ shortage do not seem to work very well. The consequence is that receiving a donated organ when direly needed becomes a lottery. In...

A “smart city” uses technology to manage resources more efficiently and equitably, and/or pursues long-term planning to that end. Smart city projects have been led by numerous actors, including the private sector and community groups, but a large portion of smart city work takes place within...

We study the impact of a mobile-app-based behavioral intervention on youth's financial literacy and financial behavior. To maximize the chances to reach out-of-school youth, we provided access to a user-friendly budget recording tool coupled with biweekly enumerators' visits and SMSs during a...

This paper develops a dynamic general equilibrium model with stochastic social preferences and endogenous corporate investment decisions. We find that firms’ investment decisions largely undo the effects of shifts in preferences on stock prices and risk premia. Only when most firms have...