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Mental Accounting and the Absentminded Driver

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Author Info
Gilboa, I.
Gilboa-Schechtman, E.

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Abstract

There 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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Publisher Info
Paper provided by Tel Aviv in its series Papers with number 2001-20.

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Length: 14 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:fth:teavfo:2001-20

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Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.
Phone: 972-3-640-9255
Fax: 972-3-640-5815
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Web page: http://econ.tau.ac.il/research/foerder.asp
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Related research
Keywords: INCOME ; MONEY ; ACCOUNTING;

Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

Statistics
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This page was last updated on 2009-12-16.

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