Similar Search Results

What's Advertising Content Worth? Evidence from a Consumer Credit Marketing Field Experiment

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2009

Firms spend billions of dollars each year advertising consumer products in order to influence demand. Much of these outlays are on the creative design of advertising content. Creative content often uses nuances of presentation and framing that have large effects on consumer decision making in...

Persistent link: https://www.econbiz.de/10014211033

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean; Mullainathan, Sendhil; … - The Field Experiments Website - 2006

Numerous laboratory studies find that minor nuances of presentation and description change behavior in ways that are inconsistent with standard economic models. How much do these context effects matter in natural settings, when consumers make large, real decisions and have the opportunity to...

Persistent link: https://www.econbiz.de/10005490038

Life cycle saving: Insights from the perspective of bounded rationality

Binswanger, Johannes - In: European Economic Review 56 (2012) 3, pp. 605-623

This paper provides a new life cycle model that takes into account key elements of bounded rationality. The paper shows that the model can account for patterns in the data that are hard to explain by the standard life cycle model. Among other patterns, the model predicts that, typically, the...

Persistent link: https://www.econbiz.de/10010573230

What's Psychology Worth? A Field Experiment in the Consumer Credit Market

Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - Economic Growth Center, Economics Department - 2005

Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...

Persistent link: https://www.econbiz.de/10005558488

Towards Understanding Life Cycle Savings of Boundedly Rational Agents : A Model with Feasibility Goals (Revision of DP 2008-14)

Binswanger, Johannes - Tilburg University, Center for Economic Research - 2010

This paper develops a new life cycle model that aims to describe the savings and asset allocation choices of boundedly rational agents. In this model, agents make forward-looking decisions without the requirement of anticipating their actual future decisions. Instead, agents pursue two simple...

Persistent link: https://www.econbiz.de/10011091641

Towards Understanding Life Cycle Saving Of Boundedly Rational Agents : A Model With Feasibility Goals - Replaced by CentER Discussion Paper 2010-138

Binswanger, Johannes - Tilburg University, Center for Economic Research - 2008

This paper develops a new life cycle model that aims to describe the savings and asset allocation decisions of boundedly rational agents. The paper’s main theoretical contribution is the provision of a simple, tractable and parsimonious framework within which agents make forward looking...

Persistent link: https://www.econbiz.de/10011092155

A Simple Bounded-Rationality Life Cycle Model

Binswanger, Johannes - Tilburg University, Center for Economic Research - 2008

Life cycle saving decisions belong to the most complex financial decisions that we are faced with in our life. Psychologists have found that when making complex decisions people use short-cuts in the form of minimum requirements for particular attribute categories of choice options. This paper...

Persistent link: https://www.econbiz.de/10011092485

From the editor: 2020 inaugural Clemen-Kleinmuntz Decision Analysis best paper award

Bier, Vicki M. - In: Decision analysis : a journal of the Institute for … 18 (2021) 4, pp. 245-246

Persistent link: https://www.econbiz.de/10012814109

Some contributions of economics to the study of personality

Heckman, James J.; Jagelka, Tomáš; Kautz, Tim - 2019

personality skills and preferences. They predict and cause important life outcomes such as wages, health, and longevity. Skills … analysis of human differences by providing anchored measures of economic preferences and studying their links to personality … skills and preferences required to characterize essential differences. …

Persistent link: https://www.econbiz.de/10012136850

Opportunity, not welfare : how behavioral insights should lead to a reorientation of the normative foundation in law and economics

Emmerick, Elias van; Dold, Malte - In: Journal of contextual economics : Schmollers Jahrbuch 142 (2022) 1, pp. 21-40

hold context-independ- ent, stable preferences across different legal arrangements. We suggest an alternative normative …

Persistent link: https://www.econbiz.de/10014518376