scholarly journals INVESTMENT CHOICE ARCHITECTURE IN TRUST GAMES: WHEN “ALL‐IN” IS NOT ENOUGH

2020 ◽  
Vol 59 (1) ◽  
pp. 300-314
Author(s):  
Joaquín Gómez‐Miñambres ◽  
Eric Schniter ◽  
Timothy W. Shields
Keyword(s):  
Choice Architecture ◽  
Investment Choice ◽  
Trust Games

scholarly journals Improved Mutual Fund Investment Choice Architecture

2018 ◽  
Vol 20 (1) ◽  
pp. 96-106 ◽  
Author(s):  
Philip W. S. Newall ◽  
Katie N. Parker
Keyword(s):  
Mutual Fund ◽  
Choice Architecture ◽  
Investment Choice ◽  
Fund Investment

scholarly journals Improved mutual fund investment choice architecture

2017 ◽  
Author(s):  
Philip Newall ◽  
Katie Parker
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Choice Task ◽  
Choice Architecture ◽  
Past Performance ◽  
Investment Choice ◽  
The Us ◽  
Fund Investment ◽  
Direct Trade ◽  
Investment Choices

Two choice architecture interventions were explored to debias investors’ irrational preference for mutual funds with high past returns rather than funds with low fees. A simple choice task was used involving a direct trade-off between maximizing past returns and minimizing fees. In the first intervention, warning investors that, “Some people invest based on past performance, but funds with low fees have the highest future results” was more effective than three other disclosure statements, including the US financial regulator’s, “Past performance does not guarantee future results”. The second intervention involved converting mutual fund annual percentage fees into a 10 year dollar cost equivalent. This intervention also improved investors’ fee sensitivity, and remained effective even as past returns increased. Financially literate participants were surprisingly more likely to irrationally maximize past returns in their investment choices.

Evaluating the Financial Performance Through ‘Consumer Centric Decision’ Approach in Pharmaceutical Companies of Bangladesh: a Business Planning Perspective

2017 ◽  
Vol 9 (1) ◽  
pp. 168
Author(s):  
Md Mostafizur Rahman ◽  
Mahmud Uz Zaman
Keyword(s):  
Market Share ◽  
Swot Analysis ◽  
Financial Analysis ◽  
Pharmaceutical Companies ◽  
Short Term ◽  
The Public ◽  
Investment Choice ◽  
Good Investment ◽  
Business Analysis

Pharmaceuticals agglomerations consistently use their brand image and versatile product portfolios to consolidate their position in the financial sector, which is evident in their continuous profit making and expansion in market share. This paper explores the short-term and long-term investment attractiveness through ‘consumer centric decision’ approach in two selected pharmaceutical companies, Renata Limited and Orion Pharma Limited, of Bangladesh over the last three years’ period. This research adopts a systematic approach which primarily addresses the various concerns of investors to illustrate the decision-making process of the existing and future investors. Using primarily domestic transaction data, this study explores how the leading pharmaceuticals companies of Bangladesh effectively use the wide array of drug portfolios mix with appropriate branding techniques to increase their financial profit and market share simultaneously. Both SWOT analysis and Porters Five Forces Model explore the business analysis of Renata Limited in compare to Orion Pharma Limited that provides a conclusion regarding investors’ decision to invest in Renata Limited. Considering the financial analysis, Renata’s financial liquidity is not very satisfactory and could have been improved further if management is prudent on financial strategy settings. Findings of the business analysis indicate that Renata Limited would be a good investment choice for existing and prospective shareholders based on its opportunities for long term and short term growth and further expansion in developing the market. The results suggest that even lower liquidity coupled with higher interest borrowings can be balanced by posing positive picture to the public shareholders by returning the positive dividend to them.

EXPRESS: Sustainable by Design: Choice Architecture and the Carbon Footprint of Grocery Shopping

2021 ◽  
pp. 074391562110088
Author(s):  
Luca Panzone ◽  
Alistair Ulph ◽  
Denis Hilton ◽  
Ilse Gortemaker ◽  
Ibrahim Tajudeen
Keyword(s):  
Carbon Footprint ◽  
Carbon Tax ◽  
Food Products ◽  
Grocery Shopping ◽  
Choice Architecture ◽  
Low Carbon ◽  
Policy Objective ◽  
Carbon Footprints ◽  
Design Choice ◽  
Goal Priming

The increase in global temperatures requires substantial reductions in the greenhouse emissions from consumer choices. We use an experimental incentive-compatible online supermarket to analyse the effect of a carbon-based choice architecture, which presents commodities to customers in high, medium and low carbon footprint groups, in reducing the carbon footprints of grocery baskets. We relate this choice architecture to two other policy interventions: a bonus-malus carbon tax on all grocery products; and moral goal priming, using an online banner noting the moral importance of reducing one’s carbon footprint. Participants shopped from their home in an online store containing 612 existing food products and 39 existing non-food products for which we had data on carbon footprint, over three successive weeks, with the interventions occurring in the second and third weeks. Choice architecture reduced carbon footprint significantly in the third week by reducing the proportion of choices made in the high-carbon aisle. The carbon tax reduced carbon footprint in both weeks, primarily by reducing overall spend. The goal priming banner led to a small reduction in carbon footprint in the second week only. Thus, the design of the marketplace plays an important role in achieving the policy objective of reducing greenhouse gas emissions.

CHOICE ARCHITECTURE IN SHAKESPEARE’S PUBLIC MEETINGS: NUDGE THEORY AND RICHARD III, CORIOLANUS, AND JULIUS CAESAR

2020 ◽  
Author(s):  
Ceri Sullivan
Keyword(s):  
Decision Making ◽  
Early Modern ◽  
Behavioural Economics ◽  
The Political ◽  
Julius Caesar ◽  
Choice Architecture ◽  
Group Norms ◽  
Richard Iii ◽  
Public Meetings

Abstract The political and dramatic intentions behind the use of appeals to the early modern public (on and off stage) have already been examined by Shakespeareans. This article points out the technical workings of such appeals by using two new areas of research on decision-making: the ethnography of public meetings and behavioural economics on how to influence choosers. These theories can illuminate the strategies used by the tribunes in handling the citizens of Coriolanus, by Antony in dealing with the plebeians in Julius Caesar, and by Buckingham and Richard when gathering support from the Londoners in Richard III. Using six common psychological biases (anchor-and-adjust, availability, representativeness, priming, arousal, and group norms), Shakespeare’s politicians prompt their hearers to change their minds: a celebrity warrior is recast as a wily tyrant, an execution as a murder, and a regent as the legitimate king.

The choice architecture of privacy decision-making

2017 ◽  
Vol 7 (4) ◽  
pp. 415-422
Author(s):  
Dan Ariely ◽  
Aline Holzwarth
Keyword(s):  
Decision Making ◽  
Choice Architecture

Lavish returns on cheap talk: Two-way communication in trust games

2011 ◽  
Vol 40 (1) ◽  
pp. 1-13 ◽  
Author(s):  
Avner Ben-Ner ◽  
Louis Putterman ◽  
Ting Ren
Keyword(s):  
Cheap Talk ◽  
Trust Games

scholarly journals A nudge in the right direction: the role of food choice architecture in changing populations' diets

2021 ◽  
pp. 1-12
Author(s):  
H. Ensaff
Keyword(s):  
Food Choice ◽  
Empirical Studies ◽  
Food Selection ◽  
Theoretical Background ◽  
Choice Architecture ◽  
Different Populations ◽  
The Right ◽  
Care Costs

Populations' diets typically fall short of recommendations. The implication of this on ill health and quality of life is well established, as are the subsequent health care costs. An area of growing interest within public health nutrition is food choice architecture; how a food choice is framed and its influence on subsequent food selection. In particular, there is an appeal to manipulating the choice architecture in order to nudge individuals' food choice. This review outlines the current understanding of food choice architecture, theoretical background to nudging and the evidence on the effectiveness of nudge strategies, as well as their design and implementation. Interventions emphasising the role of nudge strategies have investigated changes to the accessibility, availability and presentation of food and the use of prompts. Empirical studies have been conducted in laboratories, online and in real-world food settings, and with different populations. Evidence on the effectiveness of nudge strategies in shifting food choice is encouraging. Underpinning mechanisms, not yet fully explicated, are proposed to relate to salience, social norms and the principle of least effort. Emerging evidence points to areas for development including the effectiveness of choice architecture interventions with different and diverse populations, and the combined effect of multiple nudges. This, alongside further examination of theoretical mechanisms and guidance to engage and inspire across the breadth of food provision, is critical. In this way, the potential of choice architecture to effect meaningful change in populations' diets will be realised.

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