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Spring Holiday DR@W Talk: Daniel Bartels (University of Chicago)
Location: Seminar room 1, Wolfson Research Exchange
We are pleased to have Daniel Bartels with us who will be giving a DR@W Talk on this Friday 17th April from 2-3pm in the Wolfson Research Exchange, Seminar room 1.
"Reference Points and Credit Card Statements"
Each month, consumers receive credit card statements that include numeric values, such as minimum payments, that influence their repayment decisions. Through several experiments and examination of a large credit card data set, we find that these values can serve as motivating targets and can be used to increase monthly payments.
Daniel M. Bartels, Abigail B. Sussman - University of Chicago