Publications
No reprints or pdf's of any published or unpublished work, including chapters and working papers without links, can be sent.
"Channeled Attention and Stable Errors" (with Tristan Gagnon-Bartsch and Joshua Schwartzstein), Quarterly Journal of Economics, forthcoming.
Press coverage: none
"Moral Constraints and Self-Serving Beliefs", European Economic Review 184: 105270, April 2026.
Press coverage: none
"Estimating Perceptions of the Relative COVID Risk of Different Social-Distancing Behaviors from Respondents' Pairwise Assessments" (with Ori Heffetz), Proceedings of the National Academy of Sciences 120(7): e2219599120, February 2023.
Press coverage: none
"Expectations-Based Loss Aversion May Help Explain Seemingly Dominated Choices in Strategy-Proof Mechanisms" (with Bnaya Dreyfuss and Ori Heffetz), American Economic Journal: Microeconomics 14(4): 515-555, November 2022.
Press coverage: none
"Belief Movement, Uncertainty Reduction, and Rational Updating" (with Ned Augenblick), Quarterly Journal of Economics 136(2): 933-985, May 2021.
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"A Model of Relative Thinking" (with Ben Bushong and Joshua Schwartzstein), Review of Economic Studies 88(1): 162-191, January 2021.
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"An Experiment on Time Preference and Misprediction in Unpleasant Tasks" (with Ned Augenblick), Review of Economic Studies 86(3): 941-975, May 2019.
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"Fretting About Modest Risks Is a Mistake" (with Max Bazerman), California Management Review 61(3): 34-48, May 2019.
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"Financial Markets Where Traders Neglect the Informational Content of Prices" (with Erik Eyster and Dimitri Vayanos), Journal of Finance 74(1): 371-399, February 2019.
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"A Model of Nonbelief in the Law of Large Numbers" (with Dan Benjamin and Collin Raymond), Journal of the European Economic Association 14(2): 515-544, April 2016.
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"Present Bias: Lessons Learned and To Be Learned" (with Ted O'Donoghue), American Economic Review Papers and Proceedings 105(5): 273-279, May 2015.
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"Extensive Imitation is Irrational and Harmful" (with Erik Eyster), Quarterly Journal of Economics 129(4): 1861-1898, November 2014.
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"Congested Observational Learning" (with Erik Eyster, Andrea Galeotti, and Navin Kartik), Games and Economic Behavior 87: 519-538, September 2014.
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"Conclusions Regarding Cross-Group Differences in Happiness Depend on Difficulty of Reaching Respondents" (with Ori Heffetz), American Economic Review 103(7): 3001-3021, December 2013.
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"Incorporating Limited Rationality into Economics", Journal of Economic Literature 51(2): 528-543, June 2013.
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"An Approach to Incorporating Psychology into Economics", American Economic Review Papers and Proceedings 103(3): 617-622, May 2013.
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"Healthy Habits: Some Thoughts on the Role of Public Policy in Healthful Eating and Exercise Under Limited Rationality", in Behavioural Public Policy, edited by Adam Oliver, pp. 115-147, Cambridge University Press, 2013.
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"Naïve Herding in Rich-Information Settings" (with Erik Eyster), American Economic Journal: Microeconomics 2(4): 221-243, November 2010.
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"The Gambler's and Hot-Hand Fallacies: Theory and Applications" (with Dimitri Vayanos), Review of Economic Studies 77(2): 730-778, April 2010.
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"Narrow Bracketing and Dominated Choices" (with Georg Weizsäcker), American Economic Review 99(4): 1508-1543, September 2009.
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"Reference-Dependent Consumption Plans" (with Botond Kőszegi), American Economic Review 99(3): 909-936, June 2009.
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"Choices, Situations, and Happiness" (with Botond Kőszegi), Journal of Public Economics 92(8-9): 1821-1832, August 2008.
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"Procrastination on Long-Term Projects" (with Ted O'Donoghue), Journal of Economic Behavior and Organization 66(2): 161-175, May 2008.
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"Revealed Mistakes and Revealed Preferences" (with Botond Kőszegi), in The Foundations of Positive and Normative Economics: A Handbook, edited by Andrew Caplin and Andrew Schotter, pp. 193-209, Oxford University Press, 2008.
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"Reference-Dependent Risk Attitudes" (with Botond Kőszegi), American Economic Review 97(4): 1047-1073, September 2007.
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"Mistakes in Choice-Based Welfare Analysis" (with Botond Kőszegi), American Economic Review Papers and Proceedings 97(2): 477-481, May 2007.
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"Optimal Sin Taxes" (with Ted O'Donoghue), Journal of Public Economics 90(10-11): 1825-1849, November 2006.
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"A Model of Reference-Dependent Preferences" (with Botond Kőszegi), Quarterly Journal of Economics 121(4): 1133-1165, November 2006.
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"The Experimental Study of Social Preferences", Social Research 73(2): 405-428, Summer 2006.
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"Incentives and Self-Control" (with Ted O'Donoghue), in Advances in Economics and Econometrics: Theory and Applications, Ninth World Congress, edited by Richard Blundell, Whitney Newey, and Torsten Persson, pp. 215-245, Cambridge University Press, 2006.
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"Expressed Preferences and Behavior in Experimental Games" (with Gary Charness), Games and Economic Behavior 53(2): 151-169, November 2005.
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"Cursed Equilibrium" (with Erik Eyster), Econometrica 73(5): 1623-1672, September 2005.
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"Projection Bias in Predicting Future Utility" (with George Loewenstein and Ted O'Donoghue), Quarterly Journal of Economics 118(4): 1209-1248, November 2003.
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"The Nobel Memorial Prize for Daniel Kahneman", Scandinavian Journal of Economics 105(2): 157-180, June 2003.
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"Studying Optimal Paternalism, Illustrated by a Model of Sin Taxes" (with Ted O'Donoghue), American Economic Review Papers and Proceedings 93(2): 186-191, May 2003.
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"Regulation for Conservatives: Behavioral Economics and the Case for 'Asymmetric Paternalism'" (with Colin Camerer, Samuel Issacharoff, George Loewenstein, and Ted O'Donoghue), University of Pennsylvania Law Review 151(3): 1211-1254, January 2003.
Press coverage: none
"Self Awareness and Self Control" (with Ted O'Donoghue), in Time and Decision: Economic and Psychological Perspectives on Intertemporal Choice, edited by Roy Baumeister, George Loewenstein, and Daniel Read, pp. 217-243, Russell Sage Foundation Press, 2003.
Press coverage: none
"Understanding Social Preferences with Simple Tests" (with Gary Charness), Quarterly Journal of Economics 117(3): 817-869, August 2002.
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"Inference by Believers in the Law of Small Numbers", Quarterly Journal of Economics 117(3): 775-816, August 2002.
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"'Defending Expected Utility Theory': Response" (with Richard Thaler), Journal of Economic Perspectives 16(2): 227-230, Spring 2002.
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"A Perspective on Psychology and Economics", European Economic Review 46(4-5): 657-685, May 2002.
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"Anomalies: Risk Aversion" (with Richard Thaler), Journal of Economic Perspectives 15(1): 219-232, Winter 2001.
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"Choice and Procrastination" (with Ted O'Donoghue), Quarterly Journal of Economics 116(1): 121-160, February 2001.
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"Risky Behavior Among Youths: Some Issues from Behavioral Economics" (with Ted O'Donoghue), in Risky Behavior among Youths: An Economic Analysis, edited by Jon Gruber, pp. 29-68, University of Chicago Press, 2001.
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"Diminishing Marginal Utility of Wealth Cannot Explain Risk Aversion", in Choices, Values, and Frames, edited by Daniel Kahneman and Amos Tversky, pp. 202-208, Cambridge University Press, 2000.
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"The Economics of Immediate Gratification" (with Ted O'Donoghue), Journal of Behavioral Decision Making 13(2): 233-250, April/June 2000.
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"Risk Aversion and Expected-Utility Theory: A Calibration Theorem", Econometrica 68(5): 1281-1292, September 2000.
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"Choice Bracketing" (with Daniel Read and George Loewenstein), Journal of Risk and Uncertainty 19(1-3): 171-197, December 1999.
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"Comment on 'What, Me Worry? A Psychological Perspective on Economic Aspects of Retirement' by George Loewenstein, Drazen Prelec, and Roberto Weber", in Behavioral Dimensions of Retirement Economics, edited by Henry Aaron, pp. 247-252, Brookings Institution, 1999.
Press coverage: none
"Procrastination in Preparing for Retirement" (with Ted O'Donoghue), in Behavioral Dimensions of Retirement Economics, edited by Henry Aaron, pp. 125-156, Brookings Institution, 1999.
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"Addiction and Self Control" (with Ted O'Donoghue), in Addiction: Entries and Exits, edited by Jon Elster, pp. 169-206, Russell Sage Foundation, 1999.
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"Incentives for Procrastinators" (with Ted O'Donoghue), Quarterly Journal of Economics 114(3): 769-816, August 1999.
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"Doing It Now or Later" (with Ted O'Donoghue), American Economic Review 89(1): 103-124, March 1999.
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"Loss Aversion in a Consumption-Savings Model" (with David Bowman and Deborah Minehart), Journal of Economic Behavior and Organization 38(2): 155-178, February 1999.
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"First Impressions Matter: A Model of Confirmatory Bias" (with Joel Schrag), Quarterly Journal of Economics 114(1): 37-82, February 1999.
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"Psychology and Economics", Journal of Economic Literature 36(1): 11-46, March 1998.
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"Review of K. Arrow, E. Colombatto, M. Perlman, and C. Schmidt (eds.), The Rational Foundations of Economic Behaviour, Macmillan Press Ltd, 1996", Journal of Economic Literature 35(4): 2045-2046, December 1997.
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"Cheap Talk" (with Joseph Farrell), Journal of Economic Perspectives 10(3): 103-118, Summer 1996.
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"Deviations, Dynamics, and Equilibrium Refinements" (with Joel Sobel), Journal of Economic Theory 68(1): 1-25, January 1996.
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"Daniel Kahneman and Amos Tversky", in American Economists of the Late Twentieth Century, edited by Warren Samuels, pp. 111-137, Edward Elgar Publishing, 1996.
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"A Model of Pre-Game Communication", Journal of Economic Theory 63(2): 370-391, August 1994.
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"Incorporating Behavioral Assumptions into Game Theory", in Problems of Coordination in Economic Activity, edited by James Friedman, pp. 69-87, Kluwer Academic Publishers, 1994.
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"Cognitive Dissonance and Social Change", Journal of Economic Behavior and Organization 23(2): 177-194, March 1994.
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"Incorporating Fairness into Game Theory and Economics", American Economic Review 83(5): 1281-1302, December 1993.
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"Information and the Control of Productive Assets", Journal of Law, Economics, and Organization 9(1): 51-76, April 1993.
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"Communication between Rational Agents", Journal of Economic Theory 51(1): 144-170, June 1990. (Corrigendum, Journal of Economic Theory 58(1): 110-111, October 1992.)
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"Trends in British Health Inequality, 1931–83" (with Julian Le Grand), in Public and Private Health Services: Complementarities and Conflicts, edited by A.J. Culyer and Bengt Jonsson, pp. 112–127, Basil Blackwell, 1986.
Press coverage: none