Mental Budgeting versus Relative Thinking

Mental Budgeting versus Relative Thinking

In many situations, mental budgeting and relative thinking predict results that are in opposing directions. We study a situation of this type and provide evidence for when the predictions of one model will dominate the other.

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Bibliographische Detailangaben
Veröffentlicht in:AEA papers and proceedings 2018-05, Vol.108, p.148-152
Hauptverfasser: Hirshman, Samuel, Pope, Devin, Song, Jihong
Format: Artikel
Sprache:eng
Schlagworte:
MENTAL ACCOUNTING
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Beschreibung
Zusammenfassung:In many situations, mental budgeting and relative thinking predict results that are in opposing directions. We study a situation of this type and provide evidence for when the predictions of one model will dominate the other.
ISSN:2574-0768
2574-0776
DOI:10.1257/pandp.20181095