הסדנה למשפט וכלכלה מארחת את ד"ר אילה ארד, הפקולטה למנהל עסקים, אוניברסיטת תל אביב.
09 בינואר 2019, 16:00 - 18:00
חדר 17
:Abstract
Could introducing a tiny interest rate on positive balances of checking accounts
affect investment decisions? We suggest, counter-intuitively, that it might decrease allocations
to checking accounts while increasing riskless investments with higher returns.
This violation of monotonicity is a potential outcome of a novel behavioral phenomenon
that we formalize and investigate experimentally in different environments. It posits
that even a small interest rate highlights or turns-on the safe gains dimension, bumping
up its decision weight while shrouding other considerations, such as liquidity. Consequently
choices may shift from the most liquid option, the checking account, to safe
investments with superior returns