Hoelzl, Erik; Kamleitner, Bernadette; Kirchler, Erich - In: Journal of Economic Psychology 32 (2011) 4, pp. 621-631
Loan repayment can be viewed as a sequence of instalments. Instalments can either fall over time (i.e., repaying more in the beginning and less in the end), rise or stay constant. Three studies investigated whether the well-established preference for improvement (i.e., falling profiles) can also...