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Active learning improves financial education: Experimental evidence
Kaiser, Tim; Menkhoff, Lukas - 2018
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We find that active learning has a positive...
Persistent link: https://www.econbiz.de/10011985275
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Don't expect too much - high income expectations and over-indebtedness
Klühs, Theres; Koch, Melanie; Stein, Wiebke - 2019
Household indebtedness is rising worldwide. This study investigates one possible driver of this increase that is rooted in the theory of permanent income: high income expectations. We collect data from an emerging country, Thailand, as (over-) indebtedness in markets with incomplete financial...
Persistent link: https://www.econbiz.de/10012290331
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The effect of social comparison on debt taking: Experimental evidence
Grohmann, Antonia; Koch, Melanie - 2019
A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we perform a lab experiment designed to study the eff ects of social image concerns and peer...
Persistent link: https://www.econbiz.de/10012290358
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Discounting Financial Literacy : Time Preferences and Participation in Financial Education Programs
Meier, Stephan; Sprenger, Charles - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
Many policy makers and economists argue that financial literacy is key to financial well-being. But why do many individuals remain financially illiterate despite the apparent importance of being financially informed? This paper presents results of a field study linking individual decisions to...
Persistent link: https://www.econbiz.de/10005859644
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The effects of an increase in the retirement age on health: Evidence from administrative data
Barschkett, Mara; Geyer, Johannes; Haan, Peter; … - 2022
This study analyzes the causal effect of an increase in the retirement age on health. We exploit a sizable cohort …-in-Differences approach. The analysis is based on official records covering all individuals insured by the public health system in Germany and …-dimensionality in these health effects. The empirical findings reflect the multi-dimensionality but allow for deriving two broader …
Persistent link: https://www.econbiz.de/10013197542
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Intergovernmental health assistance in francophone West Africa
Berg, Elliot J. - 1981
Persistent link: https://www.econbiz.de/10000007442
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Updating ambiguity averse preferences
Hanany, Eran; Klibanoff, Peter - 2008
Dynamic consistency leads to Bayesian updating under expected utility. We ask what it implies for the updating of more general preferences. In this paper, we characterize dynamically consistent update rules for preference models satisfying ambiguity aversion. This characterization extends to...
Persistent link: https://www.econbiz.de/10010266275
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Do robo-advisors make us better investors?
Back, Camila; Morana, Stefan; Spann, Martin - 2021
Investors increasingly can obtain assistance from "robo-advisors," artificial intelligence - enabled digitalized service agents imbued with anthropomorphic design elements that can communicate using natural language. The present article considers the impact of anthropomorphized robo-advisors on...
Persistent link: https://www.econbiz.de/10012504522
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Self-persuasion: Evidence from field experiments at international debating competitions
Schwardmann, Peter; Tripodi, Egon; van der Weele, Joël J. - 2022
Laboratory evidence shows that when people have to argue for a given position, they persuade themselves about the position's factual and moral superiority. Such self-persuasion limits the potential of communication to resolve conflict and reduce polarization. We test for this phenomenon in a...
Persistent link: https://www.econbiz.de/10013197546
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Decomposing the disposition effect
Maier, Johannes K.; Fischer, Dominik Simon - 2021
We theoretically show that there is a fundamental disconnect be- tween 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 re-...
Persistent link: https://www.econbiz.de/10012653513