I study the effect of task difficulty on workers’ effort. I find that task difficulty has an inverse-U effect on effort and that this effect is quantitatively large, especially when compared to the effect of conditional monetary rewards. Difficulty …
Theoretical work on stochastic choice mainly focuses on the sources of choice randomness, and less on its economic consequences. We attempt to close this gap by developing a method of extracting information about the monetary costs of noise from …
I plan to revisit the previous results on the relationship between ability and risk preferences. The existing literature suggests that higher cognitive ability is associated with lower risk aversion, however, the mechanism behind this effect remains …
Recommendation systems have become ubiquitous in modern lives. We encounter them when shopping online, streaming movies, or listening to music. Despite the widespread use of these systems, their effect on consumers' welfare remains ambiguous. Do …
The goal of this project is to develop a new risk-elicitation task. The new task is a variation on the allocation task used in the literature. We argue that our alternative has some desirable properties and allows for a very transparent way to test …