Showing 1 - 10 of 2,410
In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing … savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as … health, education, and agricultural investments. We causally identify a strong increase in savings to a soft commitment …
Persistent link: https://www.econbiz.de/10012858261
In this paper we investigate behavioral constraints to savings among smallholder farmers in rural Ethiopia. Increasing … savings by overcoming such behavioral constraints has been documented to have positive effects on various outcomes such as … health, education, and agricultural investments. We causally identify a strong increase in savings to a soft commitment …
Persistent link: https://www.econbiz.de/10012126111
supplementary receipt of the private device significantly increased the wife's savings in couples with a low level of spousal trust … more effective hiding of the wife's savings amounts, facilitated through the private saving device. From a policy …
Persistent link: https://www.econbiz.de/10012498329
This paper studies the role of goal bracketing to attenuate time inconsistency. When setting non-binding goals for a multi-stage project, an agent must also decide how and when to evaluate himself against such goals. In particular, he can bracket broadly by setting an aggregate goal for the...
Persistent link: https://www.econbiz.de/10012979882
frequency of interest in shorter units increases consumption. We test these predictions using an induced-value consumption-savings … thumb when making consumption-savings decisions. We consider three rules of thumb as alternative hypotheses and find that …
Persistent link: https://www.econbiz.de/10013021884
We investigate the effect of positional goods (goods for which one's consumption relative to others’ matters) on saving, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons by assigning subjects to groups and displaying...
Persistent link: https://www.econbiz.de/10011116860
Do people only reject interference and keep control in order to affect the outcome? We find that 20% of subjects reject unrequired help and insist on their solution to a problem - although doing so is costly and does not change the result. We tease out the motives by varying the information...
Persistent link: https://www.econbiz.de/10012146658
The mathematical framework of psychological game theory is useful for describing many forms of motivation where preferences depend directly on own or others’ beliefs. It allows for incorporating, e.g., emotions, reciprocity, image concerns, and self-esteem in economic analysis. We explain how...
Persistent link: https://www.econbiz.de/10012213185
Empirical evidences show that investors tend to be biased toward investing in domestic (home bias) and local (local bias) stocks. Familiarity is considered to be one of the reasons. A similar concept was proposed by Goldstein and Gigerenzer (1999, 2002), known as the recognition heuristic: "when...
Persistent link: https://www.econbiz.de/10008990018
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits leads to random mistakes, while complexity in costs leads...
Persistent link: https://www.econbiz.de/10009569514