ERL research published in top journal – Nov 21, 2013

Alex Brown and Hagen Kim, Assistant Professors in the Department of Economics and Department of Finance at Texas A&M, respectively, recently published their experimental findings in Management Science. Brown, the co-director of the ERL, and Kim, an ERL affiliate, ran experiments in the ERL during April, May, and June 2009 and September 2010. Their research validates a standard assumption of one of the predominant models of macroeconomics and finance, namely that an individual´s preference for the resolution of uncertainty is correlated with their time and risk preferences. The article can be found here.