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Careful when using regret as a tool in incentive design—you might regret it! Research by Felipe A. Araujo et al finds regret lotteries are superior as a one-shot incentive, but poor for repeated decisions, with effects extremely sensitive to implementation: buff.ly/47Dr6oe

➡️1st Behavioral Public Policy conference in Eastern Europe will take place on July 3-4, in Chișinău, Moldova. Keynote speakers: Roman Sheremeta 🇺🇸🇺🇦 and Rachel Coyle (Managing director, BIT). Happy to co-organize the event with Sanchayan Banerjee and Natalia Voutova. CfP coming soon.

On the #EconJobMarket ! 🚨 JMP Alert 🚨 Individuals fail to incorporate information held by their spouses. Is it because they are generally reluctant to learn from their spouse? In my #JMP, I show: NO! Because communication is challenging in the absence of expertise. 🧵[/10]

My fabulous student Priyoma Mustafi is on the job market. Her excellent JMP demonstrates that failed HH information pooling is not due to reluctance to learn from one’s spouse. A domain with common knowledge of expertise shows successful pooling and directed communication.

This is indeed a very, very nice paper.