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Nudging when the descriptive norm is low : evidence from a carbon offsetting field experiment

Carattini, Stefano; Blasch, Julia - 2020

Nudges and behavioral interventions have become a popular tool to stimulate prosocial behavior. Little is known, however, on how to design effective social interventions in contexts in which the descriptive norm is low, i.e. when a desirable behavior is only practiced by a minority within the...

Persistent link: https://www.econbiz.de/10012270407

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

Nudging for tax compliance : a meta-analysis

Antinyan, Armenak; Asatryan, Zareh - 2020

Tax compliance nudges are used increasingly by governments because of their perceived cost-effectiveness in raising tax revenue. We collect about a thousand treatment effect estimates from 45 randomized controlled trials, and synthesize this rapidly growing literature using meta-analytical...

Persistent link: https://www.econbiz.de/10012263419

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

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

mobile phones that can be used by the majority of the population. The app randomizes a goal-setting nudge prompting users to … effect of the nudge on electricity consumption among app users. A likely mechanism of the null effect is unfavorable self … biases that typically explain why goal setting affects behavior. We also find that the nudge significantly decreases the …

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

Nudging: an experiment on transparency, controlling for reactance and decision time

Schütze, Tobias; Spitzer, Carsten; Wichardt, Philipp C. - 2023

Is being informed about nudging detrimental to the effect of the nudge? This paper reports results from an experimental … study (n = 623) testing the effects of transparency on the effectiveness of a default nudge while controlling for reactance … and decision time. Overall, the data show that more people follow the default if the nudge is made transparent. More …

Persistent link: https://www.econbiz.de/10014323254

Why mandate young borrowers to contribute to their retirement accounts?

Andersen, Torben M.; Bhattacharya, Joydeep - 2017

contributions into retirement accounts, that too, in an age-independent manner. This is puzzling because such funded pension schemes … borrowing more that too at a rate higher than offered by pension savings, their life-time utility increases. …

Persistent link: https://www.econbiz.de/10011688004

Punish one, teach a hundred : the sobering effect of punishment on the unpunished

D'Acunto, Francesco; Weber, Michael; Xie, Jin - 2019

Direct experience of a peer's punishment might make non-punished peers reassess the probability and consequences of facing punishment and hence induce a change in their behavior. We test this mechanism in a setting, China, in which we observe the reactions to the same peer's punishment by listed...

Persistent link: https://www.econbiz.de/10011973941

When the market drives you crazy : stock market returns and fatal car accidents

Giulietti, Corrado; Tonin, Mirco; Vlassopoulos, Michael - 2018

The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This pa-per provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...

Persistent link: https://www.econbiz.de/10011888614

Decomposing the disposition effect

Maier, Johannes K.; Fischer, Dominik Simon - 2021

We theoretically show that there is a fundamental disconnect between the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses...

Persistent link: https://www.econbiz.de/10012628736

Crowdsourcing financial information to change spending behavior

D'Acunto, Francesco; Rossi, Alberto G.; Weber, Michael - 2019

We document five effects of providing individuals with crowdsourced spending information about their peers (individuals with similar characteristics) through a FinTech app. First, users who spend more than their peers reduce their spending significantly, whereas users who spend less keep...

Persistent link: https://www.econbiz.de/10011982228