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Present bias is an important term in behavioral finance that is derived from the concept of self-control. Empirical … research finds that present bias is associated with undesirable spending, borrowing, and saving behavior. Unlike previous … bias and a set of financial behaviors in various domains such as spending, borrowing, saving, and money management. With …
Persistent link: https://www.econbiz.de/10012897991
the economics literature. The underlying assumption of this model is that agents have a "present bias" toward current … discounting for the length of delay). We report a meta-analytic dataset of estimates of the present bias parameter β based on … publication bias in the direction of overestimating the strength of present-bias (making β estimates smaller), but present bias …
Persistent link: https://www.econbiz.de/10012603224
Exponential-growth bias (EGB) is the tendency for individuals to partially neglect compounding of exponential growth … substantial bias, with approximately one-third of subjects estimated as the fully-biased type. The magnitude of the bias is …
Persistent link: https://www.econbiz.de/10013036519
the economics literature. The underlying assumption of this model is that agents have a “present bias” toward current … discounting for the length of delay). We report a meta-analytic dataset of estimates of the present bias parameter 𝛽 based on … publication bias in the direction of overestimating the strength of present-bias (making 𝛽 estimates smaller), but present bias …
Persistent link: https://www.econbiz.de/10013215091
bias for money. In this paper, we compare estimates of present bias for money with estimates for healthy and unhealthy … bias for both money and food, and that individual measures of present bias are moderately correlated across reward types …
Persistent link: https://www.econbiz.de/10012829926
bias for money. In this paper, we compare estimates of present bias for money with estimates for healthy and unhealthy … bias for both money and food, and that individual measures of present bias are moderately correlated across reward types …
Persistent link: https://www.econbiz.de/10012242348
Persistent link: https://www.econbiz.de/10011689873
Price comparison websites, where consumers can compare prices at a search cost that is close to zero, have become increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample of consumer electronics and durable goods over a...
Persistent link: https://www.econbiz.de/10012605830
This paper examines price elasticities on a price comparison website and if there is a discontinuity in demand for retailers having the lowest price, or products having the highest consumer rating. Previous research is extended upon, with a larger, more recent, and more varied dataset, with...
Persistent link: https://www.econbiz.de/10012605869
Until recently, Internet was considered as technology that will make the trade in goods frictionless. Online retailers …. Studies in many countries show that online prices vary significantly (sometimes price dispersion in the Internet is higher … reputation of a vendor, and also additional features of the sellers such as the amount of information presented in the offer …
Persistent link: https://www.econbiz.de/10012016843