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
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.
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
