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Abigail R. Banan, Torsten Santavirta, and Miguel Sarzosa
We study the role of childhood gender conformity in generating gender gaps. We present a conceptual framework that uses gender norms to explain why some women make less profitable choices than …
We build a simple formal model of governance. Investments and control rights over assets and labor are fully contractible, but final production decisions are ex ante uncontractible, and ex post …
Chasing and the house money effect are well-known phenomena in dynamic environments of risky activities such as investment decisions or gambling. Recent studies suggest that such behavior emerges …