Mental Budgeting versus Relative Thinking

Samuel Hirshman, Devin Pope and Jihong Song

AEA Papers and Proceedings, 2018, vol. 108, 148-52

Abstract: In many situations, mental budgeting and relative thinking predict results that are in opposing directions. We study a situation of this type and provide evidence for when the predictions of one model will dominate the other.

JEL-codes: D12 D91 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181095
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