Showing 1 - 10 of 8,832
There is an apparent rift between the way banks calculate and the way humans think.On the one hand, exponential discounting has played a centuries-long, lead role in financial analysis. On the other hand, experiments by behavioral economists demonstrate that hyperbolic discounting is better than...
Persistent link: https://www.econbiz.de/10012834166
Persistent link: https://www.econbiz.de/10011875890
Persistent link: https://www.econbiz.de/10009684080
consumer credit default. I document that information about which products a customer buys provides substantial information … controlling for characteristics of the loan contract, demographics and more standard measures of credit risk and do not diminish … explain why loans to people who consume more luxuries incur higher loss rates. I propose that providers of consumer credit …
Persistent link: https://www.econbiz.de/10013109076
consumer credit default. I document that information about which products a customer buys provides substantial information … controlling for characteristics of the loan contract, demographics and more standard measures of credit risk and do not diminish … explain why loans to people who consume more luxuries incur higher loss rates. I propose that providers of consumer credit …
Persistent link: https://www.econbiz.de/10013146811
Persistent link: https://www.econbiz.de/10008747208
Persistent link: https://www.econbiz.de/10003894142
In Chapter II we investigate consumer behavior when facing target rebates, a rebate practice challenged by antitrust law. In three experiments, we confirm the hypothesis derived from Cumulative Prospect Theory (CPT), that target rebates are likely to create psychological switching costs that can...
Persistent link: https://www.econbiz.de/10010504709
Persistent link: https://www.econbiz.de/10011480853
Persistent link: https://www.econbiz.de/10014331848