Many people fail to save for retirement, opting to spend money and consume in the present. Previous work has largely focused on highlighting the long-term benefits that savings can have for the individual. Instead, we test a novel intervention that that frames retirement savings as a way to...

Al-Ubaydli et al (2020) point out that many research findings experience a reduction in magnitude of treatment effects when scaled, and make a number of proposals to improve the scalability of pilot project findings. While we agree that scalability is important for policy relevance, we argue...

This paper examines the impact of currency numerosity on consumer perceptions of the value of transactions. It extends current theorizing on money illusion in several important ways. We propose a conceptualization that not only considers the nominal prices faced by consumers but, in line with...

In this paper we suggest that duration judgments of a given episode made after a time delay arise from a process that is fundamentally different from judgments made online or immediately after the episode. We propose a memory-based process called the "snapshot model." In our model, the human...

Money illusion research shows that the nominal (face) value of money affects consumer perceptions of its real value. Recent mixed findings on consumer valuations in different currencies suggest that the underlying anchoring and adjustment processes are complex. We develop a framework to identify...