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NBER Papers on Working Group on Behavioral Finance

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2019
w26258 Michael Woodford
Modeling Imprecision in Perception, Valuation and Choice
w26255 Stefan Nagel
Zhengyang Xu

Asset Pricing with Fading Memory
w26237 Francesco D’Acunto
Ulrike Malmendier
Juan Ospina
Michael Weber

Exposure to Daily Price Changes and Inflation Expectations
w26200 Jessica A. Wachter
Michael Jacob Kahana

A Retrieved-Context Theory Of Financial Decisions
w26180 William Morrison
Dmitry Taubinsky

Rules of Thumb and Attention Elasticities: Evidence from Under- and Overreaction to Taxes
w26176 Anya Samek
Arie Kapteyn
Andre Gray

Using Vignettes to Improve Understanding of Social Security and Annuities
w26110 Jeremy Burke
Julian Jamison
Dean Karlan
Kata Mihaly
Jonathan Zinman

Credit Building or Credit Crumbling? A Credit Builder Loan's Effects on Consumer Behavior, Credit Scores and Their Predictive Power
w26109 Joshua Schwartzstein
Adi Sunderam

Using Models to Persuade
w26078 Gopi Shah Goda
Matthew R. Levy
Colleen Flaherty Manchester
Aaron Sojourner
Joshua Tasoff

Who is a Passive Saver Under Opt-In and Auto-Enrollment?
w26048 Tatiana Homonoff
Rourke O'Brien
Abigail B. Sussman

Does Knowing Your FICO Score Change Financial Behavior? Evidence from a Field Experiment with Student Loan Borrowers
w25977 Ricardo J. Caballero
Alp Simsek

Prudential Monetary Policy
w25976 Kate Bundorf
Maria Polyakova
Ming Tai-Seale

How do Humans Interact with Algorithms? Experimental Evidence from Health Insurance
w25956 David Altig
Jose Maria Barrero
Nicholas Bloom
Steven J. Davis
Brent H. Meyer
Nicholas Parker

Surveying Business Uncertainty
w25929 Orazio Attanasio
Matthew Bird
Lina Cardona-Sosa
Pablo Lavado

Freeing Financial Education via Tablets: Experimental Evidence from Colombia
w25920 Guido Friebel
Matthias Heinz
Mitchell Hoffman
Nick Zubanov

What Do Employee Referral Programs Do?
w25905 Benjamin M. Marx
Lesley J. Turner

Student Loan Choice Overload
w25876 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian
William L. Skimmyhorn

Borrowing to Save? The Impact of Automatic Enrollment on Debt
w25843 Michael Bailey
Drew M. Johnston
Theresa Kuchler
Johannes Stroebel
Arlene Wong

Peer Effects in Product Adoption
w25838 Yosef Bonaparte
Russell Cooper
Mengli Sha

Rationalizing Trading Frequency and Returns: Maybe Trading is Good for You
w25814 Eliezer Fich
Viktoriya Lantushenko
Clemens Sialm

Institutional Trading Around M&A Announcements
w25802 Uzma Afzal
Giovanna D'Adda
Marcel Fafchamps
Simon R. Quinn
Farah Said

Implicit and Explicit Commitment in Credit and Saving Contracts: A Field Experiment
w25777 Aydoğan Alti
Sheridan Titman

A Dynamic Model of Characteristic-Based Return Predictability
w25751 Kelly Shue
Richard R. Townsend

Can the Market Multiply and Divide? Non-Proportional Thinking in Financial Markets
w25750 Hugh Hoikwang Kim
Raimond Maurer
Olivia S. Mitchell

How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages
w25747 Robin Greenwood
Samuel G. Hanson
Lawrence J. Jin

Reflexivity in Credit Markets
w25746 Jason A. Aimone
Brittany Ward
James E. West

Dishonest Behavior: Sin Big or Go Home
w25744 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Stephen Utkus

Five Facts About Beliefs and Portfolios
w25734 Robert F. Engle III
Stefano Giglio
Bryan T. Kelly
Heebum Lee
Johannes Stroebel

Hedging Climate Change News
w25720 Scott R. Baker
Nicholas Bloom
Steven J. Davis
Kyle J. Kost

Policy News and Stock Market Volatility
w25718 Paul D. Adams
Stefan Hunt
Christopher Palmer
Redis Zaliauskas

Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts
w25692 Pedro Bordalo
Katherine Coffman
Nicola Gennaioli
Frederik Schwerter
Andrei Shleifer

Memory and Representativeness
w25668 Bronson Argyle
Taylor D. Nadauld
Christopher Palmer

Monthly Payment Targeting and the Demand for Maturity
w25662 Eduardo Dávila
Cecilia Parlatore

Trading Costs and Informational Efficiency
w25653 Òscar Jordà
Moritz Schularick
Alan M. Taylor

The Total Risk Premium Puzzle
w25652 Michael P. Keane
Jonathan D. Ketcham
Nicolai V. Kuminoff
Timothy Neal

Evaluating Consumers' Choices of Medicare Part D Plans: A Study in Behavioral Welfare Economics
w25650 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Memory and Reference Prices: an Application to Rental Choice
w25590 James Andreoni
Michael A. Kuhn
John A. List
Anya Samek
Kevin Sokal
Charles Sprenger

Toward an Understanding of the Development of Time Preferences: Evidence from Field Experiments
w25567 John Gathergood
David Hirshleifer
David Leake
Hiroaki Sakaguchi
Neil Stewart

Naïve *Buying* Diversification and Narrow Framing by Individual Investors
w25566 Bing Han
David Hirshleifer
Johan Walden

Visibility Bias in the Transmission of Consumption Beliefs and Undersaving
w25561 Kanin Anantanasuwong
Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenberg

Ambiguity Attitudes about Investments: Evidence from the Field
w25551 Sina Ehsani
Juhani T. Linnainmaa

Factor Momentum and the Momentum Factor
w25542 Steffen Meyer
Michaela Pagel

Fully Closed: Individual Responses to Realized Gains and Losses
w25540 Victor Stango
Jonathan Zinman

We are all Behavioral, More or Less: Measuring and Using Consumer-level Behavioral Sufficient Statistics
w25536 Robert J. Shiller
Narratives about Technology-Induced Job Degradations Then and Now
w25496 Francesco D’Acunto
Daniel Hoang
Maritta Paloviita
Michael Weber

IQ, Expectations, and Choice
w25478 Rava Azeredo da Silveira
Michael Woodford

Noisy Memory and Over-Reaction to News
w25473 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Active Choice, Implicit Defaults, and the Incentive to Choose
w25417 Peter Ganong
Pascal J. Noel

Consumer Spending During Unemployment: Positive and Normative Implications
2018
w25399 Pedro Bordalo
Nicola Gennaioli
Spencer Yongwook Kwon
Andrei Shleifer

Diagnostic Bubbles
w25381 Martin Lettau
Sydney C. Ludvigson
Paulo Manoel

Characteristics of Mutual Fund Portfolios: Where Are the Value Funds?
w25353 Samuel P. Fraiberger
Do Lee
Damien Puy
Romain Rancière

Media Sentiment and International Asset Prices
w25349 Susan Dynarski
C.J. Libassi
Katherine Michelmore
Stephanie Owen

Closing the Gap: The Effect of a Targeted, Tuition-Free Promise on College Choices of High-Achieving, Low-Income Students
w25346 Kent Daniel
Alexander Klos
Simon Rottke

Overconfidence, Information Diffusion, and Mispricing Persistence
w25344 Kent Daniel
Lorenzo Garlappi
Kairong Xiao

Monetary Policy and Reaching for Income
w25336 Itzhak Ben-David
Elyas Fermand
Camelia M. Kuhnen
Geng Li

Expectations Uncertainty and Household Economic Behavior
w25310 Stefano Ramelli
Alexander F. Wagner
Richard J. Zeckhauser
Alexandre Ziegler

Investor Rewards to Climate Responsibility: Evidence from the 2016 Climate Policy Shock
w25292 Elisabeth Kempf
Margarita Tsoutsoura

Partisan Professionals: Evidence from Credit Rating Analysts
w25273 Oded Galor
Viacheslav Savitskiy

Climatic Roots of Loss Aversion
w25257 James Andreoni
Deniz Aydin
Blake Barton
B. Douglas Bernheim
Jeffrey Naecker

When Fair Isn't Fair: Understanding Choice Reversals Involving Social Preferences
w25232 James Andreoni
Christina Gravert
Michael A. Kuhn
Silvia Saccardo
Yang Yang

Arbitrage Or Narrow Bracketing? On Using Money to Measure Intertemporal Preferences
w25212 Scott R. Baker
Lorenz Kueng
Leslie McGranahan
Brian T. Melzer

Do Household Finances Constrain Unconventional Fiscal Policy?
w25201 Usman Ali
David Hirshleifer

Shared Analyst Coverage: Unifying Momentum Spillover Effects
w25200 Daniel J. Benjamin
Errors in Probabilistic Reasoning and Judgment Biases
w25162 Ulrike Malmendier
Behavioral Corporate Finance
w25150 Mark L. Egan
Gregor Matvos
Amit Seru

Arbitration with Uninformed Consumers
w25133 Vanya Horneff
Raimond Maurer
Olivia S. Mitchell

How Will Persistent Low Expected Returns Shape Household Economic Behavior?
w25129 Robert L. Clark
Robert G. Hammond
David Vanderweide

Navigating Complex Financial Decisions at Retirement: Evidence from Annuity Choices in Public Sector Pensions
w25127 Jordan Brooks
Michael Katz
Hanno Lustig

Post-FOMC Announcement Drift in U.S. Bond Markets
w25122 Klaus Adam
Dmitry Matveev
Stefan Nagel

Do Survey Expectations of Stock Returns Reflect Risk-Adjustments?
w25108 Maarten Meeuwis
Jonathan A. Parker
Antoinette Schoar
Duncan I. Simester

Belief Disagreement and Portfolio Choice
w25090 Manuel Adelino
Antoinette Schoar
Felipe Severino

Perception of House Price Risk and Homeownership
w25086 Brian Baugh
Itzhak Ben-David
Hoonsuk Park
Jonathan A. Parker

Asymmetric Consumption Response of Households to Positive and Negative Anticipated Cash Flows
w25084 Lauren Cohen
Christopher Malloy
Quoc Nguyen

Lazy Prices
w25072 Jonathan Chapman
Erik Snowberg
Stephanie Wang
Colin Camerer

Loss Attitudes in the U.S. Population: Evidence from Dynamically Optimized Sequential Experimentation (DOSE)
w25067 Suzanne B. Shu
Robert Zeithammer
John W. Payne

The Pivotal Role of Fairness: Which Consumers Like Annuities?
w25056 Nikolai Roussanov
Hongxun Ruan
Yanhao Wei

Marketing Mutual Funds
w25054 Efraim Benmelech
Nittai Bergman

Debt, Information, and Illiquidity
w25046 Robert L. McDonald
Thomas A. Rietz

Ratings and Asset Allocation: An Experimental Analysis
w25034 Sandro Ambuehl
B. Douglas Bernheim
Fulya Ersoy
Donna Harris

Peer Advice on Financial Decisions: A case of the blind leading the blind?
w25026 Elena Serfilippi
Michael Carter
Catherine Guirkinger

Insurance Contracts when Individuals "Greatly Value" Certainty: Results from a Field Experiment in Burkina Faso
w25019 James J. Choi
Adriana Z. Robertson

What Matters to Individual Investors? Evidence from the Horse's Mouth
w25015 Meng Liu
Erik Brynjolfsson
Jason Dowlatabadi

Do Digital Platforms Reduce Moral Hazard? The Case of Uber and Taxis
w24978 Mel Win Khaw
Ziang Li
Michael Woodford

Cognitive Imprecision and Small-Stakes Risk Aversion
w24932 Pedro Bordalo
Nicola Gennaioli
Yueran Ma
Andrei Shleifer

Over-reaction in Macroeconomic Expectations
w24931 Jonathan Chapman
Mark Dean
Pietro Ortoleva
Erik Snowberg
Colin Camerer

Econographics
w24928 Stephen G. Dimmock
Roy Kouwenberg
Olivia S. Mitchell
Kim Peijnenburg

Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field
w24898 John Y. Campbell
Tarun Ramadorai
Benjamin Ranish

Do the Rich Get Richer in the Stock Market? Evidence from India
w24881 Theresa Kuchler
Michaela Pagel

Sticking to Your Plan: The Role of Present Bias for Credit Card Paydown
w24854 John Beshears
James J. Choi
David Laibson
Brigitte C. Madrian

Behavioral Household Finance
w24849 Sara G. Castellanos
Diego Jiménez Hernández
Aprajit Mahajan
Enrique Seira

Financial Inclusion and Contract Terms: Experimental Evidence From Mexico
w24823 Atif Mian
Amir Sufi

Credit Supply and Housing Speculation
w24801 Huaizhi Chen
Lauren Cohen
Umit Gurun
Dong Lou
Christopher Malloy

IQ from IP: Simplifying Search in Portfolio Choice
w24797 Stefano DellaVigna
Structural Behavioral Economics
w24781 Erik Snowberg
Leeat Yariv

Testing the Waters: Behavior across Participant Pools
w24778 Richard T. Thakor
Robert C. Merton

Trust in Lending
w24767 Andreas Fuster
Ricardo Perez-Truglia
Mirko Wiederholt
Basit Zafar

Expectations with Endogenous Information Acquisition: An Experimental Investigation
w24748 Andreas Neuhierl
Michael Weber

Monetary Momentum
w24723 Nicholas C. Barberis
Psychology-based Models of Asset Prices and Trading Volume
w24721 Ori Heffetz
Are Reference Points Merely Lagged Beliefs Over Probabilities?
w24709 Kewei Hou
Haitao Mo
Chen Xue
Lu Zhang

q5
w24697 Ulrike Malmendier
Demian Pouzo
Victoria Vanasco

Investor Experiences and Financial Market Dynamics
w24696 Ulrike Malmendier
Leslie Sheng Shen

Scarred Consumption
w24676 David Hirshleifer
Danling Jiang
Yuting Meng

Mood Betas and Seasonalities in Stock Returns
w24667 Erik Lindqvist
Robert Östling
David Cesarini

Long-run Effects of Lottery Wealth on Psychological Well-being

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Generated on Wed Sep 18 00:00:03 2019

 
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