lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income …This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

expectations by letting income depend on relative performance in hard and easy quiz tasks. In the main experiment, we successfully … prices of goods. Even though the expected income manipulation works less well in this experiment, debt-taking behavior is …This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We …

lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income …This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …

laboratory experiment. Using a series of treatments, we present two main findings. First, suboptimal allocations persist in …

experiment with a sample of Americans that links survey data on home price expectations to actual spending behaviour as measured … in a rich home-scanner dataset. In the experiment we exogenously vary households' home price expectations by providing …

for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a …

longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to …