We propose that a persons desire to consume an object or possess an attribute increases in how much others want but cannot have it. We term this motive superiority-seeking, and show that it generates
The data and programs replicate tables and figures from \"Memory and Probability\", by Bordalo, Conlon, Gennaioli, Kwon, and Shleifer. Please see the README file for additional details.
Purpose This paper examines the moderating influence of financial literacy on time and risk preferences. Existing research indicates that individuals with higher levels of financial literacy are
Many societies allocate wealth and status through competitions. These competitions may be seen as unfair if the playing field is uneven or if the competitors are of unequal strength. We run two experi
Inconsistent choice undermines the revealed preference foundations of traditional welfare economics, leading to controversy about policymaking in the presence of behavioral frictions. We model an opti