The Opportunity Cost Neglect of Money and Time : The Role of Mental Budgeting

Consumers often fail to consider the alternative ways to spend money when making decisions to buy consumer goods, this is called opportunity cost neglect. In this experimental study, our objective was to replicate the previous research of Frederick et al. (2009) showing that reminding individuals ab...

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Bibliographic Details
Main Authors: Fritzell, Gustav, Strand, Liam
Format: Others
Language:English
Published: Linköpings universitet, Nationalekonomi 2018
Subjects:
tid
Online Access:http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-148668