Journal article
The red, the black, and the plastic: Paying down credit card debt for hotels not sofas
- Abstract:
-
Using transaction data from a sample of 1.8 million credit card accounts, we provide the first field test of a major prediction of Prelec and Loewenstein’s (1998) theory of mental accounting: that consumers will pay off expenditure on transient forms of consumption more quickly than expenditure on durables. According to the theory, this is because the pain of paying can be offset by the future anticipated pleasure of consumption only when money is spent on consumption that endures over time. ...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Authors
Bibliographic Details
- Publisher:
- INFORMS Publisher's website
- Journal:
- Management Science Journal website
- Volume:
- 65
- Issue:
- 11
- Pages:
- 4951-5448
- Publication date:
- 2019-05-23
- Acceptance date:
- 2018-08-11
- DOI:
- EISSN:
-
1526-5501
- ISSN:
-
0025-1909
Item Description
- Keywords:
- Pubs id:
-
pubs:983490
- UUID:
-
uuid:043888ea-951d-4a16-984a-c4abb9686d21
- Local pid:
- pubs:983490
- Source identifiers:
-
983490
- Deposit date:
- 2019-03-20
Terms of use
- Copyright holder:
- Quispe-Torreblanca et al
- Copyright date:
- 2019
- Notes:
- Copyright © 2019, The Author(s). This work is licensed under a Creative Commons Attribution 4.0 International License.
- Licence:
- CC Attribution (CC BY)
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