without commitment. Consumption induces instantaneous utility, but unknown delayed cost. Consumers may or may not acquire … consumption recommendation whenever the cost parameter is below some cut-off. Welfare strictly exceeds the one under full …

We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption … consumer-optimal information nudge that is of cutoff type, recommending consumption or abstinence according to the magnitude of …

savings behavior. To this end, we analyze hand-collected historical data on livestock availability during World War II at the … provincial level, alongside detailed survey data on elicited time preferences and household savings. By leveraging differences … scarcity during early childhood develop higher levels of patience later in life and tend to hold more (precautionary) savings …

This paper investigates the impact of peer observation on the consumption decisions of rural households in Thailand … deviation in their decisions. Thus, we find evidence for conformity. Further, we find that individual's consumption choice is …