We describe the evolution of selective aspects of punishment in the US over the period 1980-2004. We note that imprisonment increased around 1980, a period that coincides with the “Reagan revolution” in economic matters. ...

We study a model where agents experience anger when they see a firm that hasdisplayed insufficient concern for their clients' welfare (altruism) makes high profits.Regulation can increase welfare, for example, through fines ...

Many disasters are foreshadowed by insu¢ cient preventive care. In this paper, we argue that there is a true problem of prevention , in that insu¢ cient care is often the result of rational calculations on the part of ...

It is common for a majority of people to rank themselves as better than average on simple tasks and worse than average on difficult tasks. The literature takes for granted that this apparent misconfidence is problematic. ...

We conduct two experiments of the claim that people are overconfident, using newtests of overplacement that are based on a formal Bayesian model. Our two experi-ments, on easy quizzes, find overplacement. More precisely, ...

We analyze the effect of supermarket entry on the exit of small stores in the food retailing sector in Montevideo between 1998 and 2007. We use detailed geographical information to identify the ...

We provide an example that shows that in the Alesina and Angeletos (2005) model one can obtain multiplicity even if luck plays no role inthe economy. Thus, it is not critical that the noise to signal ratio beincreasing in ...

Numerous experiments have demonstrated the possibility of attitude polarization.For instance, Lord, Ross & Leper (1979) found that death penalty advocates becamemore convinced of the deterrent e§ect of the death penalty ...

We study the impact of two dimensions of trust, namely trust in business elites and trust in government, on policy preferences. Using a randomized online survey, we find that our two treatments ...