Database of Behavioral Economics Interventions
Searchable database of 650+ case studies and interventions from business, public and non-profit sectors
List of 706 Database entries
Negative stereotyping of low-income people lead to reduced performance in related tasks
Stereotype threat is a phenomenon whereby people who belong to negatively stereotyped groups non-consciously experience anxiety about the stereotype to which they believe they conform, leading to decreased performance on related tasks.
A ...
Sharing information about savings with others has increased savings by 35%
Social networks might be an effective tool to encourage other positive financial behaviors.
An experiment in India randomly assigned villages to a savings intervention, which involved allocating a monitor - a person with ...
Saving plan with progress trackings increased balances by 37%
Providing virtual or physical tools for setting savings goals and tracking progress is a promising avenue to focus consumer attention and facilitate taking action.
Consumers who experienced a series of interventions that included creating ...
The chance to win a prize can motivate consumers to save
Offering the chance to win a prize can grab the attention of consumers and motivate them towards saving. A pilot of the prize- linked-savings accounts, where consumers were included in the lottery with the ...
Restricted access to funds increased average balances by 81%
For consumers with a longer-term saving need, a “commitment savings” structure that locks up funds can help combat self-control issues.
In this research, adding a commitment savings feature that restricted access to funds for ...
Borrowers were more likely to pay on time after being sent text message reminders
Behavioral “nudges” like well-timed reminders can help institutions manage default risk and reduce expected losses associated with these loans. Borrowers at a microlender in Uganda were more likely to pay on time if sent ...
Borrowers called by the manager showed greater satisfaction with the bank
A study conducted at a large commercial bank in India found that borrowers who were regularly called either by a single assigned relationship manager or by one manager randomly selected from a small team ...
Email and text reminders helped microloan borrowers avoid fees
Well-timed reminders can help institutions manage default risk and reduce expected losses associated with these loans. A microlender in Texas found that a series of email and text reminders and redesigned monthly statements helped microloan borrowers avoid NSF (non-sufficient funds) fees.
Clients’ savings increased thanks to financial consultant sessions
Ideas42 offered Financial Health Checks (one-time, 30-60minute sessions) to a randomly chosen group of BECU (Boeing Employees' Credit Union) members to help them set financial goals.
In these sessions, specially trained consultants helped participants make ...
Clearly articulating goals helped people to visualize and clarify targets and boosted its achievment
The Financial Health Check consultants helped its members to set goals by specifying needs and timelines.
Clearly articulating goals such as “$700 for plane tickets to visit relatives at Thanksgiving” or “$5,000 for a down ...