Tying Odysseus to the Mast¶
Ashraf, N., Karlan, D., & Yin, W. (2006). Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines. The Quarterly Journal of Economics, 121(2), 635-672.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Commitment Device
- Ashraf, Karlan, and Yin (2006) demonstrated in a Philippine field experiment that offering a voluntary commitment savings account — one that restricted withdrawals until a goal date or amount — raised savings balances by over 80 percent relative to controls, and that take-up was concentrated among exactly the women who exhibited hyperbolic, present-biased preferences.
This sourceField experiment showing a voluntary withdrawal-restricting savings account raised balances by ~81 percentage points relative to controls after 12 months, with take-up concentrated among present-biased (hyperbolic) women; supports the behavioral-economics broad-use claim.
- Ashraf, Karlan, and Yin (2006) demonstrated in a Philippine field experiment that offering a voluntary commitment savings account — one that restricted withdrawals until a goal date or amount — raised savings balances by over 80 percent relative to controls, and that take-up was concentrated among exactly the women who exhibited hyperbolic, present-biased preferences.
Verification¶
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