Showing 1 - 10 of 94
This paper presents new evidence on the question: Why don’t consumers switch electricity contracts? By conducting a large-scale survey experiment with 3% of the Danish working-age population, I have gathered data on respondents’ factual knowledge of the retail electricity market, their...
Persistent link: https://www.econbiz.de/10014550939
I study consumers' choices in the retail electricity market. By conducting a largescale survey experiment with 3% of the Danish working-age population, I have gathered data on respondents' factual knowledge of the retail electricity market, their beliefs, preferences, and intentions to switch...
Persistent link: https://www.econbiz.de/10014463078
We test the effect of framing of a menu on the choice of ordering climate friendly dishes in a randomized controlled experiment. Rearranging the menu in favor of vegetarian food has a large and significant effect on the willingness to order a vegetarian dish instead of meat. We show that there...
Persistent link: https://www.econbiz.de/10014123091
We document the hidden costs of a popular nudge and show how these costs distort policy making when neglected. In a field experiment with a charity, we find reminders increasing intended behavior (donations), but also increasing avoidance behavior (unsubscriptions from the mailing list). We...
Persistent link: https://www.econbiz.de/10012969783
If experimental subjects arbitrage against market interest rates when making intertemporal allocations of cash, the data will reveal nothing about subjects' discount rates, only uncovering subjects' market interest rates. If they frame choices narrowly, market rates will not be salient and the...
Persistent link: https://www.econbiz.de/10012908464
An extensive literature shows that reminders can successfully change behavior. Yet, there exists substantial unexplained heterogeneity in their effectiveness, both: (i) across studies, and (ii) across individuals within a particular study. This paper investigates when and why reminders work. We...
Persistent link: https://www.econbiz.de/10014241493
Persistent link: https://www.econbiz.de/10014383903
This paper explores the relationship between decision-making speed and the effectiveness of two nudges - carbon footprint labelling and menu repositioning - aimed at encouraging climate-friendly food choices. Building on Kahneman's dual-process theory of decision-making, we examine whether these...
Persistent link: https://www.econbiz.de/10015137897
Peer evaluation tournaments are common in academia, the arts, and corporate environments. They make use of the expert knowledge that academics or team members have in assessing their peers' performance. However, rampant opportunities for cheating may throw a wrench in the process unless,...
Persistent link: https://www.econbiz.de/10015137899
We discuss the use of green nudges – nudges intended to reduce negative externalities – as an environmental policy instrument. A review of empirical studies reveals that green nudges can have a sizeable impact on behavior and the environment, but that the effects are context dependent. In...
Persistent link: https://www.econbiz.de/10013245589