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Trust, Happiness, and pro-social behavior

Carattini, Stefano; Roesti, Matthias - 2020

This paper combines several large-scale surveys with different identification strategies to shed new light on the determinants of cooperative behavior. We provide evidence indicating that the well-being maximizing level of trust is above the income maximizing level. Higher trust is also linked...

Persistent link: https://www.econbiz.de/10012288022

Managing households' expectations with salient economic policies

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019

substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a … consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …

Persistent link: https://www.econbiz.de/10012057290

Home price expectations and spending : evidence from a field experiment

Anand Chopra, Felix; Roth, Christopher; Wohlfart, Johannes - 2023

How do households adjust their spending behavior in response to changes in home price expectations? We conduct a field … experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured … in a rich home-scanner dataset. In the experiment we exogenously vary households' home price expectations by providing …

Persistent link: https://www.econbiz.de/10014284713

Social influence on sustainable consumption : evidence from a behavioural experiment

Salazar, Helen Arce; Oerlemans, Leon; Stroe-Biezen, … - In: International journal of consumer studies 37 (2013) 2, pp. 172-180

Persistent link: https://www.econbiz.de/10009723235

A model of reference-dependent belief updating

Maier, Johannes K.; König, Clemens - 2016

We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...

Persistent link: https://www.econbiz.de/10011557745

Health club attendance, expectations and self-control

Garon, Jean-Denis; Masse, Alix; Michaud, Pierre-Carl - 2014

once we use subjective expectations of the number of visits per week at the time of contract choice. Next, we study how …

Persistent link: https://www.econbiz.de/10010388643

When nudges fail to scale : field experimental evidence from goal setting on mobile phones

Löschel, Andreas; Rodemeier, Matthias; Werthschulte, … - 2020

Non-pecuniary incentives motivated by insights from psychology ("nudges") have been shown to be effective tools to change behavior in a variety of fields. An often unanswered question relevant for public policy is whether these promising interventions can be scaled up. In cooperation with a...

Persistent link: https://www.econbiz.de/10012260629

When nudges aren't enough : incentives and habit fomation in public transport usage

Gravert, Christina; Olsson Collentine, Linus - 2020

In three large-scale field experiments with over 32,500 individuals, we investigate whether public transport uptake can be influenced by behavioral interventions and by economic incentives. Despite their effectiveness in other domains, we find a tightly estimated zero for social norms and...

Persistent link: https://www.econbiz.de/10012299541

A note on moral licensing and foot-in-the-door effect

Ulph, Alistair; Panzone, Luca; Hilton, Denis J. - 2019

Literature in economics and psychology on moral behaviour explores the contexts in which people act in ways that are consistent or inconsistent with their past actions. Such inconsistencies appear to violate economists' assumption of rational consumer behaviour. In this note we show that a...

Persistent link: https://www.econbiz.de/10012104081

Information nudges and self-control

Mariotti, Thomas; Schweizer, Nikolaus; Szech, Nora; … - 2018

We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption decisions without exact prior knowledge of their long-term consequences. For arbitrary distributions of risk, there exists a consumer-optimal information nudge that is of cutoff...

Persistent link: https://www.econbiz.de/10011931410