Similar Search Results

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - Economic Growth Center, Economics Department - 2005

Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...

Persistent link: https://www.econbiz.de/10005558488

What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment

Bertrand, Marianne; Mullainathan, Sendhil; Karlan, Dean; … - Economic Growth Center, Economics Department - 2009

Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...

Persistent link: https://www.econbiz.de/10005357712

Group versus Individual Liability: A Field Experiment in the Philippines

Gine, Xavier; Karlan, Dean - Economic Growth Center, Economics Department - 2006

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...

Persistent link: https://www.econbiz.de/10005357728

Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines

Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - Economic Growth Center, Economics Department - 2005

We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....

Persistent link: https://www.econbiz.de/10005146683

Group versus Individual Liability: Long Term Evidence from Philippine Microcredit Lending Groups

Giné, Xavier; Karlan, Dean - Economic Growth Center, Economics Department - 2009

Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement. However, it may create excessive pressure, and discourage reliable clients from borrowing. Two randomized trials tested the overall effect, as well as specific mechanisms. The...

Persistent link: https://www.econbiz.de/10005018059

Altruism, Favoritism, and Guilt in the Allocuation of Family Resources: Sophie's Choice in Mao's Mass Send Down Movement

Li, Hongbin; Rosenzweig, Mark; Zhang, Junsen - Economic Growth Center, Economics Department - 2008

forced mass rustication movement of the Chinese “cultural revolution,” to identify the distinct roles of altruism and guilt … transfers to multiple children incorporating favoritism, altruism and guilt, we show the conditions under which guilt and … altruistically, providing more gifts to the sibling with lower earnings and schooling; but also exhibited guilt – given the current …

Persistent link: https://www.econbiz.de/10005357724

You Can Pick Your Friends, But You Need to Watch Them: Loan Screening and Enforcement in a Referrals Field Experiment

Bryan, Gharad; Karlan, Dean; Zinman, Jonathan - Economic Growth Center, Economics Department - 2012

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....

Persistent link: https://www.econbiz.de/10009653353

Teaching Entrepreneurship: Impact of Business Training on Microfinance Clients and Institutions

Valdivia, Martin; Karlan, Dean - Economic Growth Center, Economics Department - 2006

Can one teach entrepreneurship, or is it a fixed personal characteristic? Most academic and policy discussion on microentrepreneurs in developing countries focuses on their access to credit, and assumes their human capital to be fixed. However, a growing number of microfinance organizations are...

Persistent link: https://www.econbiz.de/10005357758

Microfinance Games

Karlan, Dean; Gine, Xavier; Morduch, Jonathan; Jakiela, … - Economic Growth Center, Economics Department - 2006

Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and...

Persistent link: https://www.econbiz.de/10005357760

Adaptive Experimental Design Using the Propensity Score

Hahn, Jinyong; Hirano, Keisuke; Karlan, Dean - Economic Growth Center, Economics Department - 2009

Many social experiments are run in multiple waves, or are replications of earlier social experiments. In principle, the sampling design can be modified in later stages or replications to allow for more efficient estimation of causal effects. We consider the design of a two-stage experiment for...

Persistent link: https://www.econbiz.de/10005357768