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 individualĀ“s preference for the resolution of uncertainty is correlated with their time and risk preferences. The article can be found here.