The current paper clarifies the value of two methods to encourage COVID-19 vaccination: Simple nudge reminders, and regulation that increases the benefit from vaccination. Our analysis of reminders is based on a controlled experiment. The results reveal that in the current context a reminder...

Drawing from game theoretical research, we explore the degree to which rater anonymity affects consequences of peer assessment with respect to individual effectiveness and contribution to group processes. Using longitudinal data collected in a kibbutz-owned manufacturing facility in Israel, we...

Experimental and field studies of repeated decisions document high sensitivity to the probability of regret; experience leads people to underweight rare risks and select the actions that provide the best outcomes in most cases. We clarify the implications of this pattern to policies designed to...

Analyses of human reaction to economic incentives reveal contradictory deviations from maximization. For example, underinvestment in the stock market suggests risk aversion, but insufficient diversification of financial assets suggests risk-seeking. The leading explanations for these...

Two independent, but related, choice prediction competitions are organized that focus on behavior in simple two-person extensive form games (http://sites.google.com/site/extformpredcomp/): one focuses on predicting the choices of the first mover and the other on predicting the choices of the...

Previous studies of loss aversion in decisions under risk have led to mixed results. Losses appear to loom larger than gains in some settings, but not in others. The current paper clarifies these results by highlighting six experimental manipulations that tend to increase the likelihood of the...

We propose a novel experimental design to assess how to combine predictions from a theoretical model with experimental evidence to yield new, more accurate quantitative predictions. The first step involves deriving the predictions of the theoretical model by estimating unobserved parameters. The...

When people have access to information sources such as newspaper weather forecasts, drug-package inserts, and mutual-fund brochures, all of which provide convenient descriptions of risky prospects, they can make decisions from description. When people must decide whether to back up their...