Categories paper The new version of our paper on present bias and beliefs is available as an IZA working paper. Congrats to Matthew on his IZA affiliation! Check out the latest, just-updated draft of Expectations and Adaptation to Environmental Risks. Lots of information on how to estimate the benefit of climate adaptation, the damages from climate conditional on adaptation, and more. Now with twice as much data as the previous version! New working paper! The Risk of Caution: Evidence from an R&D Experiment shows experimental evidence that people are extremely risk averse when choosing which research and development projects to fund.