Examples of BE research created 2011.02.16

Examples of BE - Examples of Behavioral Economics Research Us data from three US health clubs offering a choice between(empirical study not

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Examples of Behavioral  Economics Research
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Paying Not to go to Gym DellaVigna, Malmendier (2006) Us data from three US health clubs offering a choice between  (empirical study, not experimental) A monthly contract with a lump sum fee of approximately $80 per  month and no payment per visit (automatically renewed month to  month) Pay-per-visit contract with fee of $10 The dataset contains information both on the type of membership and  the day-to-day attendance decisions of 7,752 health club members  over three years  Choosing the suboptimal contract consumers choose a contract that appears suboptimal given their  attendance frequency Monthly users pay $17 per visit Possible Explanations Time inconsistency with naivete   Time inconsistency with sophistication
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Time inconsistency with naiveté Time periods t=1 t=2 t=3 t=4 t=5 t=1 t=2 t=3 t=4
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Adverse Selection in the Credit Card Market Ausubel (1999) Large scale field experiment run by a major bank Randomized credit card offers varying in both the introductory  interest rate and post-introductory interest rates Example Offer A: 4.9 percent for six months followed by 16 percent Offer B: 6.9 percent for six months followed by 14 percent
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This note was uploaded on 04/15/2011 for the course ECON 73-348 taught by Professor Hafalir during the Spring '11 term at Carnegie Mellon.

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Examples of BE - Examples of Behavioral Economics Research Us data from three US health clubs offering a choice between(empirical study not

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