This paper tests stylized facts and theories from behavioral economics and laboratory experiments using a randomized field experiment of our design. A major South African consumer credit lender issued 60,000 scripted direct mail solicitations where several marketing “treatments†were...

We designed a commitment savings product and implemented it using a randomized control experiment in the Philippines. This savings product was intended for individuals who want to commit now to save later, and who were sophisticated enough to engage in such a mechanism. Before offering the...

This paper estimates the prevalence of asymmetric information in a consumer credit market using a field experiment of our design. A major South African lender issued 60,000 direct mail offers where the interest rate was randomized along two different dimensions — an initial “offer...