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We run a field experiment and a survey experiment to study an active choice nudge. Our nudge is designed to reduce the … anchoring of credit card payments to the minimum payment. In our field experiment, the nudge reduces enrollment in Autopaying …
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We study how individuals' memories of inflation shape their expectations about future inflation using both surveys and laboratory experiments. Recalling having lived through prior disinflations has pronounced effects on how long-lived people expect the current inflation episode to last....
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