🎯 Do people ignore information because it’s costly – or because they’re too confident in what they already know? 📊 A new study shows that overconfidence in one’s own beliefs can reduce attention to new information. Read more 👉 berlinschoolofeconomics.de/about-us/new...

Princeton University Press books are discounted by 50%. I'd say that's a great deal! press.princeton.edu?cq_src=googl...

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John Holbein@johnholbein1.bsky.social · last yr.

Immigrants increase innovation and economic growth [full stop]

Come and listen to me talk about my work on what consumers think about central bank inflation forecasts and how that affects inflation expectations and trust at the "Theories and Methods in Macroeconomics" Conference. There are many other interesting projects too! www.t2m.network/2025/program/

Thanks to everybody who chimed in! I arrived at the conclusion that (1) there's a lot of interesting stuff about interactions and (2) the figure I was looking for does not exist. So, I made it myself! Here's a simple illustration of how to control for confounding in interactions:>

Julia M. Rohrer@dingdingpeng.the100.ci · last yr.

Does anybody have a good visualization to explain how interactions can be confounded, and why interactions require interaction controls? @urisohn.bsky.social maybe? (Asking because I have an idea, but want to check out what exists already before investing the effort)

The "unexpected compression" in wages continues! Non-managerial wages (for around 80% of private workforce) continues to grow somewhat stronger than overall wages. This means the reduction in wage inequality post-pandemic has remained, and continued (at a slower pace).

🚨New paper🚨 Classic rational inattention says people weigh costs vs. benefits when processing info. We show that overprecision biases this evaluation — leading to misallocated attention. 📄 Theory + experiment (link in last post) #econsky @boschrosa.bsky.social

This is something people undervalue about laboratory experiments. One can credibly boost the understanding of instructions, sometimes just by reading them aloud.

George Wu@geowu.bsky.social · 2y ago

(Study 2) They use lab participants instead of Prolific recruits. Study is pretty much identical to Oprea except for language and currency. (Study 1) They run a variant, aimed at ensuring that subjects understand the task, in which "an experimenter ... read the instructions aloud."

I want to try this 😂

Johannes Haushofer@johanneshaushofer.com · 2y ago

Remember the "Highlights" that some Elsevier journals require? Dean Karlan and friends developed an amazing way to troll them: haikus!

🔔 Call for Participation 🔔 Lab² is inviting researchers to take part in a multi-analyst study on the effects of having daughters on various outcomes. Join this metascience project as a co-author and gain the opportunity to work with SOEP data!

I’ve just completed a revision of a paper titled “Psychological narratives in decision theory: what they are and what they are good for.” I believe it makes a contribution to the recent literature on the epistemic role of narratives in science, particularly in economics. ssrn.com/abstract=476...

This is a great opportunity to join us in the beautiful city of Heidelberg. Let me note that experiments are a common method among the faculty, including macroeconomists and microeconomists.

Jörg Oechssler @oechssler.bsky.social · 2y ago

I have a postdoc position in Behavioral/Experimental Economics available for 6 years, at the oldest university in Germany in beautiful Heidelberg. Please forward to anyone who might be interested! #EconJobs #AcademicJobs #HigherEd #Economics #JobAlert

That sounds like a good idea. I just hope it doesn't have unintended effects like discrimination.

Econometrica@ecmaeditors.bsky.social · 2y ago

We are pleased to announce an experiment intended to stimulate academic discussion and exchange, centered on papers published in Econometrica 1/5

I finally have a publication date for my new Experimental Economics textbook: December 12. Equally as important, I am proud to have negotiated a low price for the book: $38.10...for a nearly 800 page book! You can find the book here: www.amazon.com/Experimental...

Whenever I post about climate, skeptical folks inevitable respond with this graph. So I decided to do something radical: actually read the underling scientific paper and ask the authors. As it turns out, it actually says the opposite of what skeptics claim: www.theclimatebrink....

Much of the recent literature uses non-incentivized measures of beliefs and attitudes. The typical justification is based on simplicity. This study seems to show otherwise.

NBER@nber.org · 2y ago

Experimental validation, which links economic preferences to choices in incentivized elicitations, may fail to produce reliable new measures, from Jonathan Chapman, Pietro Ortoleva, Erik Snowberg, Leeat Yariv, and Colin Camerer https://www.nber.org/papers/w33520

If one person gives a euro to Ukraine, the result is €1. If two people give 2 each, it is €4. If 3,000 give 3,000 each, it is 9 million. Let’s coordinate, here 👇 and please re-post to spread the word. yourcontributionsquared.eu/en/

This is the summer school that got me interested in macroeconomics and finance. I highly recommend it. And it is in Barcelona! www.upf.edu/web/beslab/h...

16th BESLAB Experimental Economics Summer School in Macroeconomics, June 16-22, 2025

16th BESLAB Experimental Economics Summer School in Macroeconomics

upf.edu

I wonder if they would behave differently if there were some humans in the market. The common knowledge of rationality may be what's driving their outcome.

Sandro Ambuehl@sandroecon.bsky.social · 2y ago

LLM agents behave unlike humans in standard experimental finance (bubble) experiments.

After a long wait, the working paper for the Many-Economists Project: The Sources of Researcher Variation in Economics. We had 146 teams perform the same research three times, each time with less freedom. What source of freedom leads to different choices and results? papers.ssrn.com/sol3/papers....

This is a very interesting result. My opinion: RCTs remain one of the more robust methods for p-hacking because the results are more verifiable due to data availability, pre-registration, and simplicity of analyses. In contrast, IV, structural, and simulations are much more flexible for p-hacking.

Prashant Garg@prashantgarg.bsky.social · 2y ago

There is large variation by Methods. RCTs and RDDs have relatively high null results across all fields. Typically, with RCTs it is harder to do specification mining to get your desired large result. Sadly, the scandal shows there may be other research malpractice that can get you there.

The 2025 Annual Meeting of the Central Bank Research Association (CEBRA) will be co-organized with the Federal Reserve Bank of Boston and Harvard Business School Deadline March 20! Also a session organized by @suomenpankki.fi ! cebra.org/events/annua...

After being alerted about possible misconduct, the I4R are reproducing published papers that use data from a specific NGO (GDRI). This thread releases the first 2 reports and provides more information about the work and responses/statements from authors journals and journals. 🧵

I really like stacked bar charts for time series.

Valentin Kreilinger@vkreilinger.bsky.social · 2y ago

🗳️ Germany: Left, centre, and right at the federal elections since 1949, updated with the official 2025 preliminary results

With companies debating return-to-office policies, Alessandra Fenizia @afenizia.bsky.social (GWU) examines productivity differences between remote and office work—using data from UK public sector workers. Hosted by @talknormal.co.uk 🔊 Listen here: cepr.org/multimedia/d... #EconSky

I always wanted to see the data on train delays. My experience with German trains has been so bad that I've begun to think I might be underestimating train delays in other countries. This data proves otherwise.

Olaf Storbeck@olafstorbeck.ft.com · 2y ago

Olaf Scholz mocked British railways over “broken tracks and bad trains”, claiming that "nothing works any more” in the UK. Turns out: Germany rail problems have become so bad that Deutsche Bahn long-distance service is less punctual than even the worst operator in Britain. www.ft.com/content/d3b6...

A central banker talking about growth? Looks like it's going to be an interesting talk. I wish my German was good enough to keep up.

Berlin School of Economics@bsoeberlin.bsky.social · 2y ago

📯Leading monetary policy expert speaks at the @humboldtuni.bsky.social 🔖 On March 10, 2025, Dr. Joachim Nagel, President @bundesbank.de on "Economic Policy Measures to Boost Growth in Germany" (in German) ➡️ 583993de96e211efb2e583f07a586736.eo.page/dr-joachim-n... #register #economicpolicy

A new working paper with Daniel Banki, @urisohn.bsky.social and Robert Walatka, just submitted to SSRN. The paper is comment on Ryan Oprea's recent AER paper. The paper is processing, but you, my friends, get early entry. papers.ssrn.com/sol3/papers....

Whaaat?😲 This is insanely low given that household inflation expectations are typically a few points above realized inflation.

Menzie Chinn@mchinn.bsky.social · 2y ago

Does zero y/y inflation as of Jan 2026 make sense? That's Republican response from Michigan survey #econsky econbrowser.com/archives/202...