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Studies noticed that individuals' cognitive, psychological, and behavioral limitations always have some influence in their everyday decision making. And the financial decisions are no exceptions. Perhaps it can be affirmed that individual financial decisions do have cognitive influence. This is...
Persistent link: https://www.econbiz.de/10013179592
behavioural point of view. This paper presents a laboratory experiment to test whether the poor show more impatient behaviour. In … the experiment, half of the participants gets a high participation fee, while the other half gets a low participation fee …, ob sich Arme ungeduldiger verhalten. Im Experiment erhält eine Hälfte der Teilnehmer eine hohe Teilnahmevergütung …
Persistent link: https://www.econbiz.de/10012206628
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cognitive load on such decisions, we conducted an incentivized online experiment involving a representative sample of 2 …
Persistent link: https://www.econbiz.de/10014448268
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intentionally simple lab experiment on intertemporal spending and saving decisions with 180 students. Under a positive discount … Vermögenspräferenzen sparen Haushalte mehr als in einem Standardmodell "optimal" wäre. Allerdings gibt es bisher wenig empirische Evidenz … über solche Vermögenspräferenzen. Wir führen ein möglichst einfach gehaltenes Labor-Experiment zu intertemporalen Ausgabe …
Persistent link: https://www.econbiz.de/10012098818
When people decide about saving and consumption across the various periods of their life time they take into account … least three, at most six saving vs. consumption decisions, depending on a stochastic manipulation of changes in life …-mindedness are reported. -- experimental economics ; personality ; intertemporal consumption and saving ; individual differences …
Persistent link: https://www.econbiz.de/10009578010
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This paper uses a laboratory experiment to analyze the impact of different types of information on consumption and … savings behavior. Based on a buffer stock savings model, three treatment dimensions are used: The amount of information …
Persistent link: https://www.econbiz.de/10009678004
We design an experiment to investigate the influence of announced future variations in interest rates and prices on … on current consumption than predicted by the model. -- Consumption ; saving ; intertemporal utility maximization … ; macroeconomic experiment …
Persistent link: https://www.econbiz.de/10008935224