Mental Accounting and the Absentminded Driver

I. Gilboa and E. Gilboa-Schechtman
Authors registered in the RePEc Author Service: Itzhak Gilboa

Working Papers from Tel Aviv

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.

Keywords: INCOME; MONEY; ACCOUNTING (search for similar items in EconPapers)
JEL-codes: C7 D1 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:2001-20

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