Is the endowment effect not a consequence of loss aversion?
Cautious Utility—a new model—suggests it can arise from uncertainty about tradeoffs, and yields an endowment effect even if losses and gains are treated symmetrically:
buff.ly/3PZIA6E via coauthor @pietroortoleva

Our paper with Josh Jackson on whether global values have converged over the last 40 years is out: go.nature.com/4cN7XSN. We find that globalization and rising wealth did not result in uniform acceptance of 'Western values,' such as support for abortion and gay rights.

I applaud that editor. I believe there is a bias in editorial decisions in econ journals in favor of papers that “look hard” to produce. Degree of difficulty should be used to judge gymnastics and figure skating, not scientific contributions.

Interesting new policy at the Review of Finance.

Curious to see how this will work out.

Do we hold others responsible for their choices even when these choices have been shaped by unfair unequal circumstances?

Yes, we do, suggests 'Shallow Meritocracy' from Peter Andre (Peter Andre), recently accepted at REStud.

restud.com/shallow-merito…

My dad asked me to help him clean up some boxes. I found this lovely gem, I am an only child.

What drives innovation? The Collective Brain Hypothesis (Michael Muthukrishna,Maxime Derex) argues that innovation arises from the recombination of ideas that occurs when diverse minds interact and share ideas... Matt Ridley tylercowen royalsocietypublishing.org/doi/10.1098/rs…

I'm introducing Proofreader Pal, a GPT designed to identify grammatical errors and awkward phrasing. It goes straight to the point and formats the output in structured lists. Try it now: chat.openai.com/g/g-mDGhLUmiK-…

It's true! I recently learned that Caltech has granted me tenure 🥹 I would say that it's a dream come true but I never dared to dream such a dream.

I just feel so much gratitude & desire to pay forward the encouragement and kindness that's been given to me.

Let the fun begin!

📣 (Please RT)
Lorenz Goette
and I are hiring a predoc, for 1-2 years. Dive into research, learn the tools of modern experimental work and get ready for grad school applications. To apply: shorturl.at/fpsM7
Econ RA Listings
1/4

• Which auction formats are robust to shill bidding?

• Why are Dutch auctions so popular in Web3?

• What happens if you change the credible auctions model to have public rather than private communication?

A new paper with Andrew Komo and Scott Kominers answers all these…

Not only does the UK have a housing shortage but planning system is so bad we additionally have created a water shortage in one of the wettest developed nations.

This Friday (5 April) King’s is hosting the 2nd workshop in Comparative Politics and Political Economy. We have an excellent line-up of speakers: Marie Beigelman, Anna Getmansky, Melanie Meng Xue, Michele Rosenberg, Cédric Chambru, Sascha Riaz, Gloria Gennaro. Come if you're around!

🥁Take this great opportunity: Junior Chair on Behavior at Gate-Lab, Lyon, France (gatelab.gate.cnrs.fr). Research budget 200K€, 42h annual teaching load, French language not required. More info: gate.cnrs.fr/actualite/juni…

😀 Excited to share that our paper 'Social Preferences and Redistributive Politics' was just accepted for publication at the Review of Economics and Statistics.

(Hopefully no April's fool 🙊😅)

🧵1/7
I am very excited to share my Job Market Paper! 🚨

The punchline: Complexity changes our choice processes; in complex decisions, decision-making becomes more procedural.

#EconTwitter   #DecisionMaking

Great opportunity to join our group in Lyon! Get in touch and apply. 😉🫵

📢Call for Papers: UEA's 10th Behavioural Game Theory Workshop (July 8-9)

Submission deadline: April 15

If you would like to present a paper or poster, please submit here: lnkd.in/g-XBdXxD

For more information on the workshop, please visit lnkd.in/gNpKJV7T

I was so lucky to be able to have Danny Kahneman as a best friend and collaborator for decades. He usually ended our conversations with 'to be continued...' but I now have to simulate his part which is impossible. My favorite image of us 'working'.

Kahneman was always an inspiration. A very creative and kind man who produced some of the foundations on which behavioral economics and behavioral science stand today.