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Fungibility, labels and consumption
Abeler, Johannes; Marklein, Felix - 2010
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 … that even in a simple, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part …
Persistent link: https://www.econbiz.de/10008699736
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Fungibility, labels, and consumption
Abeler, Johannes; Marklein, Felix - In: Journal of the European Economic Association 15 (2017) 1, pp. 99-127
Persistent link: https://www.econbiz.de/10011665169
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Fungibility, labels, and consumption
Abeler, Johannes; Marklein, Felix - 2008
Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for … another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple …, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects …
Persistent link: https://www.econbiz.de/10010268624
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Fungibility, labels and consumption
Abeler, Johannes; Marklein, Felix - 2010
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 … that even in a simple, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part …
Persistent link: https://www.econbiz.de/10010277470
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2023
longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to …
Persistent link: https://www.econbiz.de/10014487122
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Motivated procrastination
Cordes, Charlotte A.; Friedrichsen, Jana; Schudy, Simeon - 2024
for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a …
Persistent link: https://www.econbiz.de/10014517966
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Perceived wealth, cognitive sophistication and behavioral inattention
Assenza, Tiziana; Cardaci, Alberto; Delli Gatti, Domenico - 2019
By means of a laboratory experiment, we show that, contrary to standard consumer theory, financially equivalent balance …
Persistent link: https://www.econbiz.de/10012133168
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On the complexity of forming mental models
Kendall, Chad; Oprea, Ryan - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 175-211
We experimentally study how people form predictive models of simple data generating processes (DGPs), by showing subjects data sets and asking them to predict future outputs. We find that subjects: (i) often fail to predict in this task, indicating a failure to form a model, (ii) often cannot...
Persistent link: https://www.econbiz.de/10014496993
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The double dividend of attention-releasing policies
Altmann, Steffen; Grunewald, Andreas; Radbruch, Jonas - 2024
the implementation of high-quality defaults. Based on a laboratory experiment featuring a dual-task paradigm, we …
Persistent link: https://www.econbiz.de/10014517962
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The effect of self-awareness and competition on dishonesty
Çıbık, Ceren Bengü; Sgroi, Daniel - 2021
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900