Prosumers are becoming increasingly important in global energy consumption and production. We partner with an energy …-month period. As a policy instrument, we explore how simple nudges affect choices on both the consumption and production …

consumption contingent on aggregate shocks in financial markets. The first result is that if aggregate and idiosyncratic shocks … aggregate states in which consumption is more volatile. For instance, this can provide an efficiency justification for the …

parsimonious and quite tractable way. I illustrate the approach via a boundedly rational version of the consumption-saving life …

economic shocks, and it also explores how people may react by changing their consumption, saving and investment, work and … work hours, consumption, saving, and equity exposure; later in life, they will work more, retire later, consume less … workers lost a substantial portion of their retirement saving. The financial sector implosion produced an economic crisis for …

fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities. This asymmetry … reminders may increase saving, and that reminders will be more effective when they increase the salience of a specific … expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …

help explain the aggregate movements in saving, spending, and debt in 2008. Because the rebate was large and distributed …