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It Hurts to Ask
Benabou, Roland; Jaroszewicz, Ania; Loewenstein, George - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013426425
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The Response of Consumption in Russian Households to Economic Shocks
Stillman, Steven - 2001
This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During the time period studied in this paper (1994 – 1998), Russia experienced two major economic crises. Both featured extreme movements in the real ruble-dollar exchange rate. The...
Persistent link: https://www.econbiz.de/10010262612
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Present-biased preferences and credit card borrowing
Meier, Stephan; Sprenger, Charles D. - 2009
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10010276781
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Consumer Search Costs and Preferences on the Internet
Jolivet, Grégory; Turon, Hélène - 2014
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted … and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price …'s reputation) by another available advert. To explain the transactions observed on the platform, we derive and estimate a …
Persistent link: https://www.econbiz.de/10010468167
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Consumer Search Costs and Preferences on the Internet
Jolivet, Grégory; Turon, Hélène - Institute for the Study of Labor (IZA) - 2014
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted … and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price …'s reputation) by another available advert. To explain the transactions observed on the platform, we derive and estimate a …
Persistent link: https://www.econbiz.de/10011078385
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Evidence on individual preferences for longevity risk
Delprat, Gaëtan; Leroux, Marie-Louise; Michaud, Pierre-Carl - 2013
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10010293193
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Loose Knots: Strong versus Weak Commitments to Save for Education in Uganda
Karlan, Dean; Linden, Leigh L. - 2014
Commitment devices offer an opportunity to restrict future choices. However, if severe restrictions deter participation, weaker restrictions may be a more effective means of changing behavior. We test this using a school-based commitment savings device for educational expenses in Uganda. We...
Persistent link: https://www.econbiz.de/10010333243
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What happiness research can tell us about self-control problems and utility misprediction
Stutzer, Alois; Frey, Bruno S. - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10010267422
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Housing mobility and downsizing at older ages in Britain and the United States
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10010274602
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House price volatility and the housing ladder
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10010274692