Mental Accounting and the Marginal Propensity to Consume d.repec.org/n?u=RePEc:zbw:vfsc

…suggesting consumers violate fungibility.
…find that low liquidity, self-control problems, and a lack of cognitive sophistication contribute to MPC . The results are broadly in line with theory.

#ExperimentalEcon #BoundedRationality #mentalaccounting #heterogeneity

Last updated 2 years ago