Mental Accounting and the Absentminded Driver
AbstractThere is a broad range of phenomena that are categorized as "mental accounting". Some of these phenomena may be viewed as situations in which a person evaluates decisions based on the implicit assumption that the decision she makes at a given moment will be repeated many times in the future. For example, people find it easier to spend windfall profits than they do regular income.
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Bibliographic InfoPaper provided by Tel Aviv in its series Papers with number 2001-20.
Length: 14 pages
Date of creation: 2001
Date of revision:
Contact details of provider:
Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Web page: http://econ.tau.ac.il/research/foerder.asp
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INCOME ; MONEY ; ACCOUNTING;
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