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Risk exposure and acquisition of macroeconomic information
Roth, Christopher; Settele, Sonja; Wohlfahrt, Johannes - 2022
We conduct an experiment with a representative sample from the US to study households' demand for macroeconomic information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for an expert forecast about the likelihood of a...
Persistent link: https://www.econbiz.de/10013339109
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The effect of social comparison on debt taking : experimental evidence
Grohmann, Antonia; Koch, Melanie - 2019
A number of studies show that there is a link between social comparison and high levels of household debt. However, the exact mechanisms behind this link are not yet well understood. In this paper, we perform a lab experiment designed to study the eff ects of social image concerns and peer...
Persistent link: https://www.econbiz.de/10012139578
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What's advertising content worth? : evidence from a consumer credit marketing field experiment
Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - 2009
Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...
Persistent link: https://www.econbiz.de/10003811505
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially fragile households also have the highest lottery expenditures as a proportion of income. This combination suggests that Prize-Linked Savings (PLS) accounts, that combine...
Persistent link: https://www.econbiz.de/10009631456
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What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment
Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2009
Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...
Persistent link: https://www.econbiz.de/10014211033
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The effect of paper versus realized losses on subsequent risktaking : field evidence from casino gambling
Meier, Philippe; Flepp, Raphael; Rüdisser, Maximilian; … - 2020
In this paper, we test the realization effect, i.e., that risk-taking increases after a paper loss, whereas risk-taking decreases after a realized loss, using gambling data from a real casino. During a particular casino visit, losses are likely perceived as paper losses because the chance to...
Persistent link: https://www.econbiz.de/10012209223
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Correcting for random budgets in revealed preference experiments
Mahmood, Mir Adnan; Rehbeck, John - In: Games 13 (2022) 2, pp. 1-14
Experiments on revealed preference often use budget sets that are randomly and independently drawn according to some criteria for each participant. However, this means that the budget sets faced by different individuals are not the same. This paper proposes a method to control for these...
Persistent link: https://www.econbiz.de/10013172519
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Risk exposure and acquisition of macroeconomic information
Roth, Christopher; Settele, Sonja; Wohlfahrt, Johannes - 2022
We conduct an experiment with a representative sample from the US to study households' demand for macroeconomic information. Respondents who learn of a higher personal exposure to unemployment risk during recessions increase their demand for an expert forecast about the likelihood of a...
Persistent link: https://www.econbiz.de/10013337685
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Learning and Subjective Expectation Formation : A Recurrent Neural Network Approach
Hou, Chenyu - 2021
creating the attention-shift. Double Machine Learning approach is then used to obtain statistical inferences of these empirical …
Persistent link: https://www.econbiz.de/10013250843
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Active learning improves financial education : experimental evidence
Kaiser, Tim; Menkhoff, Lukas - 2018
-scale retailers in Uganda. The treatments contrast "active learning" with "traditional lecturing" within standardized lesson-plans. We … find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast …. Tentative evidence suggests that only active learning stimulates several cognitive and non-cognitive mechanisms; moreover, a …
Persistent link: https://www.econbiz.de/10011975912