Helpful and much appreciated comments were provided by Alberto Alesina, Vincent Crawford, Stefano DellaVigna, Gautam Rao, Michael Thaler, Mattie Toma, as well as seminar participants at ESA 2022, SABE 2022, SITE Psychology and Economics 2022, Workshop on Media Economics, the Chinese University of Hongkong-Zhejiang University Joint Research Center for Digital Economy, and China Behavioral and Experimental Economics Forum 2022. All authors contributed equally to this work. The experiment was approved by the Institutional Review Board at Guanghua School of Management, Peking University (IRB reference code: 2021-32). The experiment is registered on the AEA RCT registry with ID AEARCTR-0007680.
