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Testing the Effectiveness of Consumer Financial Disclosure : Experimental Evidence from Savings Accounts

Hunt, Stefan - 2019

While popular with policymakers, most evidence on consumer financial disclosure's effectiveness studies borrowing decisions (where optimality is unclear) or lab experiments (where attention is not scarce). We provide field evidence from randomized-controlled trials with 124,000 savings-account...

Persistent link: https://www.econbiz.de/10012889475

Consumer Myopia in Vehicle Purchases : Evidence from a Natural Experiment

Gillingham, Kenneth - 2019

costs. We provide the first evidence on consumer valuation of fuel economy from a natural experiment. We examine the short …

Persistent link: https://www.econbiz.de/10012870067

Movies, Margins and Marketing : Encouraging the Adoption of Iron-Fortified Salt

Banerjee, Abhijit V. - 2015

A set of randomized experiments shed light on how markets and information influence household decisions to adopt nutritional innovations. Of 400 Indian villages, we randomly assigned half to an intervention where all shopkeepers were offered the option to sell a new salt, fortified with both...

Persistent link: https://www.econbiz.de/10013013931

Attention Variation and Welfare : Theory and Evidence from a Tax Salience Experiment

Taubinsky, Dmitry - 2016

implement an online shopping experiment in which 2,998 consumers purchase common household products, facing tax rates that vary …

Persistent link: https://www.econbiz.de/10012984747

Do Disaster Experience and Knowledge Affect Insurance Take-Up Decisions?

Cai, Jing - 2016

This study examines the effect of experience and knowledge on weather insurance adoption. First, we conduct insurance games with farmers, and find that the treatment improves real insurance take-up by 46%. The effect is not driven by changes in risk attitudes and perceived probability of...

Persistent link: https://www.econbiz.de/10012987122

The Impact of Information Disclosure on Consumer Behavior : Evidence from a Randomized Field Experiment of Calorie Labels on Restaurant Menus

Cawley, John; Susskind, Alex; Willage, Barton - 2021

experiment in two full-service restaurants, in which the control group received the usual menus and the treatment group received …

Persistent link: https://www.econbiz.de/10013219294

Rational Inattention, Competitive Supply, and Psychometrics

Caplin, Andrew; Csaba, Dániel; Leahy, John; Nov, Oded - 2021

We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare just as a competitive firm's technology determines its supply curve and profits. We...

Persistent link: https://www.econbiz.de/10013225153

Consumer Vulnerability and Behavioral Biases

Fang, Hanming; Wu, Zenan - 2022

market equilibrium, and focus on the role of risk aversion and intertemporal elasticity of substitution (IES). We measure … consumer vulnerability by the percentage loss in a consumer's equilibrium certainty equivalent from a market with non … literature, including the impact of biased beliefs (either over- or under-confidence) in an insurance market, the impact of …

Persistent link: https://www.econbiz.de/10013290602

Do Consumers Exploit Precommitment Opportunities? Evidence from Natural Experiments Involving Liquor Consumption

Bernheim, B. Douglas - 2012

This paper provides evidence concerning the extent to which consumers of liquor employ commitment devices. One widely recommended commitment strategy is to regulate alcohol consumption by deliberately manipulating availability. The paper assesses the prevalence of the “availability strategy”...

Persistent link: https://www.econbiz.de/10013112044

Does Information Disclosure Improve Consumer Knowledge? Evidence from a Randomized Experiment of Restaurant Menu Calorie Labels

Cawley, John; Susskind, Alex; Willage, Barton - 2022

field experiment of calorie labels on the menus of a full-service restaurant. The results indicate that information …

Persistent link: https://www.econbiz.de/10013305775