Paying Off Credit-Card Debt May Take More Than a Nudge
One idea for helping consumers avoid debt traps didn’t work in a UK experiment, partly because people didn’t have the funds.
Paying Off Credit-Card Debt May Take More Than a NudgeObesity among young people is a well-known public health problem in the United States, and attempts to influence teens’ nutritional choices have had limited success. But research by Chicago Booth’s Christopher J. Bryan, along with a team of researchers, suggests that one way to convince teenagers to eat healthier is to tap into their spirit of social justice and rebellion. Bryan and his coauthors find that when teenagers read about the tactics junk-food companies use to attract and hook customers—including small children—for the sake of profits, they were more likely to choose healthy snack options. What’s more, this treatment effect persisted for months.
One idea for helping consumers avoid debt traps didn’t work in a UK experiment, partly because people didn’t have the funds.
Paying Off Credit-Card Debt May Take More Than a NudgeFraming changes how different people answer the question.
How Much Should Facebook Pay You for Your Data?People often neglect to consider the diminishing nature of marginal utility in everyday financial decisions unless prompted to do so—and it makes a big difference.
Would You Take a Later Flight for Cash?The prestigious award from the American Finance Association recognizes top academics whose research has made a lasting impact on the finance field.
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