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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 becomes more recommended, the take-up of the behavior may be larger among … varies over time with recommendations about behavior and that estimates of the relationship between health outcomes and …
Persistent link: https://www.econbiz.de/10012480876
resource. We investigate the behavior of an agent who optimally consumes a cake (or paycheck or workload) over time and who …-control behaviors, and the altered economic behavior following imposition of cognitive loads. At the same time, willpower depletion …
Persistent link: https://www.econbiz.de/10012466390
This paper presents some of the first large-scale survey evidence linking optimism to major economic choices. We create a novel measure of optimism using the Survey of Consumer Finance by comparing a person's self-reported life expectancy to that implied by statistical tables. Optimists are more...
Persistent link: https://www.econbiz.de/10012467322
The elegant economic picture of rational consumers achieving Pareto optimality through trade in decentralized self-organized markets is blurred by market imperfections and choices inconsistent with consumer self-interest. Behavioral economics has documented these errors in choice, and considered...
Persistent link: https://www.econbiz.de/10014250182
We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect the current inflation episode to last....
Persistent link: https://www.econbiz.de/10014447317
This paper develops a foundation for a consumer's preference for data privacy by linking it to the desire to hide behavioral vulnerabilities. Data sharing with digital platforms enhances the matching efficiency for standard consumption goods, but also exposes individuals with self-control issues...
Persistent link: https://www.econbiz.de/10014287351
Genetic factors play a major role in the development of Alzheimer's disease and related dementias (ADRD). Observable genetic factors could impact household planning and medical care if they contain actionable information, meaning that they i) are associated with significant harms, ii) reflect...
Persistent link: https://www.econbiz.de/10014512035
For many Americans the question of when to claim Social Security benefits is one of the most consequential financial decisions they will ever face. While acknowledging that individuals differ in terms of optimal timing for starting Social Security benefits, many economists argue that an average...
Persistent link: https://www.econbiz.de/10014322886
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
examine the extent to which autopay affects payment behavior for customers of a credit card serviced by a fintech company …
Persistent link: https://www.econbiz.de/10014528372