🎯 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...

Got to read!

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:>

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.

I want to try this 😂

🔔 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.

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

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.

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...

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.

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.

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.

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.

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.

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.

Tomorrow at #EWMES 2024 I'll be presenting a new project with @boschrosa.bsky.social and Bernhard Kassner on how overconfidence affects attention allocation. Come and listen if you're in Palma and interested! WP available on request.

The world is awful. The world is much better. The world can be much better. All three statements are true at the same time. Understanding this is key to solving big global problems. We believe data & research can help us understand both the problems we face & the progress that’s possible. 🧵

This is good news for the field.

lol at last line of caption: "This figure is not intended to suggest that science is a race." The treachery of images! (source doi.org/10.1371/jour...)

Alright, Acemoğlu is also in the information experiments business now.😂 Interesting study about Turkish democracy.

Heidelberg is a mesmerizing city.

A few weeks ago, I spoke on a panel about publishing at the CSWEP’s CeMENT workshop. I wanted to briefly share some of that advice here.

This will look cooler when we reach 100 million.

Google's AI podcast producer NotebookLM is crazy good. We are moving too fast with this AI thing and I am both worried and excited.

I also enjoyed reading this a lot!

#Econsky 📈📉: Before the deadline Feb 11, apply for your PhD with us. Intense coursework, wonderful peers and researchers all around you, and a city that's also ok. berlinschoolofeconomics.de/phd-programm...

Attention begets production: when social media content producers receive more engagement, they increase their production of content, finds Srinivasan combining observational and field experimental data karthikecon.github.io/karthiksrini...

📢 Job update 📢 I am very happy to announce that I will be joining the Department of Economics at @UniHeidelberg as a postdoc in September 2024! While it is sad to be leaving Berlin, I look forward to starting this new chapter of my life. #EconSky

Consumer prices rose 3.2% over the year on average. Among Americans employed both now and a year ago: - hourly wage growth averaged 6.7%, so an hour of work buys an average of 3.5% more now than a year ago www.atlantafed.org/chcs/wage-gr...

Unforgettable moment with Ryan Rholes from the high table of Jesus College. Stay tuned for our upcoming project ;)

Hence, I have met my idol 😌🥲

What makes a conversation successful? 📣 The new book by our spokesperson @georgweizsaecker.bsky.social, "Misunderstandings: False Beliefs in Communication," examines the #BehavioralEconomics of human conversations. OpenAccess: www.openbookpublishers.com/books/10.116... #EconSky [1/3]

#EconSky 📉📈, you can now follow us on BlueSky. We combine methods and insights from behavioral and neoclassical economics to better understand important applied economic problems and reach more robust economic policy conclusions. [1/3]   Who are we? 👇

Reviewer 2, circa 1150

Tomorrow I will present the main findings of my job market paper in CEPR's "Central Bank Communication" webinar (organized by Michael McMahon). Sign up and hear from inspiring junior researchers in the field: cepr-org.zoom.us/webinar/regi...