Professor B. Douglas Bernheim, Stanford University


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Working Papers



Recently Published and Forthcoming Papers (last 10 years)


“The Welfare Economics of Default Options in 401(k) Plans,American Economic Review, forthcoming (with Andrey Fradkin and Igor Popov, formerly titled “The Welfare Economics of Default Options: A Theoretical and Empirical Analysis of 401(k) Plans”).


“A Framework for the Economic Analysis of Exclusionary Conduct,” in Roger D. Blair and D. Daniel Sokol, Handbook on International Antitrust Economics, Oxford University Press, 2015 (with Randall Heeb).


“Candidates, Character, and Corruption,” American Economic Journals: Microeconomics 6(2), 2014, 205-46 (with Navin Kartik).


“Neural Activity Reveals Preferences Without Choices,” American Economic Journals: Microeconomics 6(2), 2014, 1-36 (with Alec Smith, Colin Camerer, and Antonio Rangel).


“Do Real Estate Brokers Add Value When Listing Services are Unbundled?” Economic Inquiry 51(2), 2013, 1166-1182 (with Jonathan Meer).


“100 Years of the American Economic Review: The Top 20 Articles,” American Economic Review, 101 (1), February 2011, 1-8 (with Kenneth Arrow, Martin Feldstein, Daniel McFadden, James Poterba, and Robert Solow).


“Emmanuel Saez: 2009 John Bates Clark Medalist,” Journal of Economic Perspectives, 24(3), Summer 2010, 183-206.


“Social Image and the 50-50 Norm: A Theoretical and Experimental Analysis of Audience Effects,” Econometrica, 77(5), September 2009, 1607-1636 (with James Andreoni).


“On the Potential of Neuroeconomics: A Critical (but Hopeful) Appraisal,” AEJ: Microeconomics, August 2009, 1(2), 1-41.


“The Effects of Financial Education in the Workplace: Evidence from a Survey of Employers,” Economic Inquiry, 47(4), October 2009, 605-24 (with Patrick Bayer and John Karl Scholz).


“Behavioral Welfare Economics,” Journal of the European Economic Association, 7(2-3), April 2009, 267–319.


“Beyond Revealed Preference: Choice-Theoretic Foundations for Behavioral Welfare Economics,” Quarterly Journal of Economics, 124(1), February 2009, 51-104 (with Antonio Rangel).


“A Solution Concept for Majority Rule in Dynamic Settings,” Review of Economic Studies, 76(1), January 2009, 33-62 (with Sita Nataraj).


“The Psychology and Nuerobiology of Judgment and Decision-Making: What’s in it for Economists?” in P. W. Glimcher, E. Fehr, C. F. Camerer, and R. A. Poldrack (eds.), Neuroeconomics: Decision Making and the Brain, New York: Elsevier, 2008, pp. 115-125.


“Choice-Theoretic Foundations for Behavioral Welfare Economics,” in Andrew Caplin and Andrew Schotter (eds.), The Foundations of Positive and Normative Economics: A Handbook, Oxford: Oxford University Press, 2008, 155-192 (with Antonio Rangel).


“Toward Choice-Theoretic Foundations for Behavioral Welfare Economics,” American Economic Review Papers and Proceedings, 97(2), May 2007, 464-470 (with Antonio Rangel).


“Behavioral Public Economics: Welfare and Policy Analysis with Fallible Decision-Makers,” in Peter Diamond and Hannu Vartianen (eds.) Behavioral Economics and its Applications, Princeton University Press, 2007, pp. 7-77 (with Antonio Rangel).


“The Power of the Last Word in Legislative Policy Making,” Econometrica, 74(5), September 2006, 1161-90 (with Antonio Rangel and Luis Rayo).


“From Neuroscience to Public Policy: A New Economic View of Addiction,” Swedish Economic Policy Review, 2006 (with Antonio Rangel).


“Saving and Life Insurance Holdings at Boston University – a Unique Case Study,” National Institute Economic Review, 198, Oct 2006, 75-96 (with Solange Berstein, Jagadeesh Gokhale, and Laurence J. Kotlikoff).


“Memory and Anticipation,” Economic Journal, 115, April 2005, 271-304 (with Raphael Thomadsen).


“How Do Residents Manage Personal Finances?” American Journal of Surgery, 189(2), February 2005, 134-139 (with Joel Teichman, Patricia Cecconi, Neva Kerbeshian, Manoj Monga, Debra DaRosa, and Martin Resnick).




Some Highlights of Earlier Research