Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for … another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment … of their budget, subjects change consumption according to the label. A controlled laboratory experiment confirms this …

another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …

-agent experiment run with a large sample of the Danish working age population, varying the financial consequences associated with the …

-agent experiment run with a large sample of the Danish working age population, varying the financial consequences associated with the …

We study how defaults affect charitable donations. In a field experiment that was conducted on a large online platform …

contributions. In our randomized field experiment, opera visitors received solicitation letters asking to support a social youth …