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Can a dietician change the taste of a food by changing its name? While research on labeling has focused on nutritional labels, health labels, and warning labels, little has examined how descriptive menu labels influence perceptions toward foods. Descriptive labels might add a positive halo to a...
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's finances and for functioning competitive markets, but switching rates are low. We conducted an experiment with mortgage … perceptions of switching. The experiment shows that the advice made consumers more sensitive to interest rate decreases and more …
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depreciation over a specified term. We used an experiment to investigate comprehension of PCP plans and scope for improving it …
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This paper challenges the increasingly common view that the findings of behavioural economics constitute a fourth type of market failure. The market failure framework elevates the standard competitive market model to the status of an ideal. It provides us with tools to identify departures from...
Persistent link: https://www.econbiz.de/10009737609
This paper argues that telecommunications markets present the consumer with a decision-making environment that is … particularly likely to be prone to established biases in consumer decision-making. The analysis identifies four properties of …. -- Telecommunications ; Decision-making biases ; Behavioural economics ; Regulation …
Persistent link: https://www.econbiz.de/10009410531
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decision-making between such tariffs. Potential policy implications, in light of these findings, are discussed. …
Persistent link: https://www.econbiz.de/10012052437