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Commitment to Debt Repayment : Evidence from a Natural Experiment
Vihriälä, Erkki - 2021
This paper documents extensive commitment to mandatory debt repayment. In a natural experiment in which households can apply for free mortgage-payment flexibility for one to twelve months, 43 percent of applicants choose a dominated option of short flexibility. I argue that short flexibility...
Persistent link: https://www.econbiz.de/10013239314
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Is patience malleable via educational intervention? : evidence from field experiments
Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis - 2022
We study the malleability of patience via educational interventions by aggregating evidence from earlier experiments in … a meta-analysis and by conducting a field experiment. We find that the average effect of interventions on patience is …’ patience measured in incentivized tasks is unaffected by the intervention after 15 months follow-up, but we observe large …
Persistent link: https://www.econbiz.de/10013445543
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Is patience malleable via educational intervention? : evidence on the role of age in field experiments
Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis - 2023
We study the age-dependent malleability of patience via educational interventions designed to foster financial decision … heterogenous effects by age: adults' patience and discount factors are unaffected by the intervention after 15 months follow …-up, but we observe large effects on patience and estimated discount factors and field saving behavior for youth. In the meta …
Persistent link: https://www.econbiz.de/10014335008
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Gender differences in preferences of adolescents : evidence from a large-scale classroom experiment
Horn, Dániel; Kiss, Hubert János; Lénárd, Tünde - 2021
patience, time inconsistency and cooperation at the 5% significance level. We also show that these initial gender differences …
Persistent link: https://www.econbiz.de/10012440271
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Emotions, risk attitudes, and patience
Meier, Armando N. - 2019
risk attitudes and patience. Robustness checks indicate a limited role of alternative explanations. I further address …
Persistent link: https://www.econbiz.de/10012030483
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Order effects in eliciting preferences
Kopsacheilis, Orestis; Goerg, Sebastian J. - 2023
patience and altruism while using quantitative items first increases the cross-method correlation for risk and time preferences …
Persistent link: https://www.econbiz.de/10014319143
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Consumption Response to Credit Expansions : Evidence from Experimental Assignment of 45,307 Credit Lines
Aydin, Deniz - 2021
I design a large-scale field experiment that constructs a randomized credit limit extension isolating selection, anticipation, wealth, and interest rate effects and study the impulse responses on spending, contract choice, and balance sheets. Participants borrow to spend 11 cents on the dollar...
Persistent link: https://www.econbiz.de/10013238323
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Consumption Response to Credit Expansions : Evidence from Experimental Assignment of 45,307 Credit Lines
Aydin, Deniz - 2020
I design and implement a large scale field experiment in an economy that had been experiencing a decade-long debt-driven consumption boom, in which I construct a randomized credit line extension that isolates selection and interest rate effects, and track impulse responses using comprehensive...
Persistent link: https://www.econbiz.de/10012828206
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Intertemporal Preference with Loss Aversion : Consumption and Risk Attitude
Choi, Kyoung Jin - 2020
We study the consumption and portfolio selection problem of an agent who faces consumption irreversibility: there is disutility from changing consumption levels. The derived preference exhibits intertemporal loss aversion toward consumption changes with the previous consumption level being the...
Persistent link: https://www.econbiz.de/10012847313
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The effect of uncertainty on negative discounting
Palenik, Marcin - In: International journal of management and economics 57 (2021) 4, pp. 287-298
The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain...
Persistent link: https://www.econbiz.de/10012821522