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Getting to the Top of Mind : How Reminders Increase Saving
Karlan, Dean - 2010
We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry generates some predictions that overlap with models of...
Persistent link: https://www.econbiz.de/10012462450
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Behavioral Aspects of Price Setting, and Their Policy Implications
Rotemberg, Julio J. - 2008
This paper starts by discussing consumers' cognitive and emotional reaction to posted prices. Cognitively, some consumers do not appear to make effective use of price information to maximize their consumption-based utility. Emotionally, prices can induce regret and anger among consumers. The...
Persistent link: https://www.econbiz.de/10012464893
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A Model of Behavioral Manipulation
Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - National Bureau of Economic Research - 2023
We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...
Persistent link: https://www.econbiz.de/10014437003
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Time Preferences and Food Choice
Brownback, Andy; Imas, Alex; Kuhn, Michael A. - National Bureau of Economic Research - 2023
Healthy food choices are a canonical example used to illustrate the importance of time preferences in behavioral … common assumption that important aspects of nutrition are driven by time preferences …
Persistent link: https://www.econbiz.de/10014372483
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Information Source and Cigarettes : Experimental Evidence on the Messenger Effect
Maclean, Johanna Catherine - 2019
source control in a sample of adult smokers. Neoclassical theory predicts that the information source, or the messenger …, should not influence choices. Behavioral economics suggests that the messenger can have important implications for how …
Persistent link: https://www.econbiz.de/10012479584
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Evaluating Consumers' Choices of Medicare Part D Plans : A Study in Behavioral Welfare Economics
Keane, Michael P. - 2019
We propose new methods to model behavior and conduct welfare analysis in complex environments where some choices are … unlikely to reveal preferences. We develop a mixture-of-experts model that incorporates heterogeneity in consumers' preferences … and in their choice processes. We also develop a method to decompose logit errors into latent preferences versus …
Persistent link: https://www.econbiz.de/10012479603
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Rational Inattention, Competitive Supply, and Psychometrics
Caplin, Andrew - 2018
Costs of attention, while central to choice behavior, have proven hard to measure. We introduce a simple method of recovering them from choice data. Our recovery method rests on the observation that costs of attention play precisely the same role in consumer choice as do a competitive firm's...
Persistent link: https://www.econbiz.de/10012480875
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Behavioral Feedback : Do Individual Choices Influence Scientific Results?
Oster, Emily - 2018
In many health domains, we are concerned that observed links - for example, between "healthy" behaviors and good outcomes - are driven by selection into behavior. This paper considers the additional factor that these selection patterns may vary over time. When a particular health behavior...
Persistent link: https://www.econbiz.de/10012480876
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Consumer Vulnerability and Behavioral Biases
Fang, Hanming - 2020
the risk aversion or IES. We also consider a setting of biased agents with Epstein-Zin preferences to isolate the effect …
Persistent link: https://www.econbiz.de/10012482340
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Does Eye-Tracking Have an Effect on Economic Behavior?
Kee, Jennifer - 2020
Eye-tracking is becoming an increasingly popular tool for understanding the underlying behavior driving economic decisions. However, an important unanswered methodological question is whether the use of an eye-tracking device itself induces changes in the behavior of experiment participants. We...
Persistent link: https://www.econbiz.de/10012482442