Category Archives: Decision Making & Behavior Economics
We study how secondary education affects different dimensions of health in middle age. A policy change in England, Wales, and Scotland that increased the minimum school-leaving age from 15 to 16 years old improved health by reducing body fat and lung conditions, but it also increased blood pressure. (more…)
We know that income and education are positively associated with financial capability, but we understand less about the impact of other underlying factors, such as motivation, self-control and propensity to plan. This blogpost considers one of these factors, cognitive ability, and discusses how financial decisions and wellbeing vary with cognition within income and education groups. (more…)
Repairing Democracy: We Can’t All Get What We Want, But Can We Avoid Getting What Most of Us *Really* Don’t Want?
By Dan Benjamin
This post illustrates what multicandidate open voting could look like if voters had the option to vote for one candidate, to vote against one candidate, or to rate all the different candidates in more complex ways. Data collected in the heat of the 2016 US presidential primaries suggests that the result would have been dramatically different than under the current system. (more…)