A special thank you to Jan Feld for contributing to the experimental design. The authors also thank Marco Bertoni, Adeline Delavande, Denzil Fiebig, Alexandra de Gendre, Pauline Grosjean, Benedetto Gui, Richard Holden, Krzysztof Karbownik, Anant Mathur, Rigissa Megalokonomou, Antonio Nicolo, Robert Salomone, Sarah Walker, the associate editor, and four anonymous referees as well as seminar participants at several institutions for helpful discussions and suggestions. The authors are also grateful to Chong Eng Tay and Andrew Wu for outstanding data and computational support, respectively. The research was undertaken with the resources and services from the University of New South Wales (UNSW) High Performance Computing Allocation Scheme on the National Computational Infrastructure, which is supported by the Australian Government and managed by the Research Technology Services at UNSW; the authors are particularly grateful to Martin Thompson for his support with this. The authors preregistered the randomized controlled trial (RCT) and obtained approval for the study to be conducted from the Human Research Ethics Advisory Panel at the University of New South Wales (HC200015); the RCT was also recorded with the American Economic Association Registry for Randomized Controlled Trials (AEARCTR-0005385).