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
Reducing friction and in-person meeting were effective tools in increasing financial wellness sessions attendence
Achieving high attendance at in-person financial wellness sessions takes considerable effort.
This is not because employees are not interested in financial services, but because they are operating under busy schedules and also because these programs ...
Receiving a favor increased participants´ compliance
A laboratory experiment was conducted to examine the effects of a favor on compliance with a request for assistance from a confederate.
Male subjects were divided into three groups: the first group received a soft drink from ...
Savings balances increased after restrict access to them
Researchers designed a commitment savings product for a Philippine bank. The savings product was intended for individuals who wanted to commit themselves to restrict access to their savings.
After 12 months, average savings balances increased ...
On on one consultations increased savings transactions by 34%
Financial Health Check (FHC) offers a new model of one-on-one, support for many American households who face barriers to taking action on their financial lives.
Ideas42 conducted an experiment focusing on financial services. Participants in the ...
Automatic enrollment increased overall enrollment up to three times
Researchers conducted an experiment where they compared participation rates in employer-sponsored retirement plans when enrollment was automatic and when it was not.
45% of newly hired workers participated in a 401(k) plan when doing ...
The introduction of a five-step checklist saved 1,500 lives in 18 months
Each year in the United States, an estimated 80,000 patients in ICUs (intensive care units) experience infections related to catheters (which deliver medicines and nutrients directly into the bloodstream of a patient), at an average treatment cost ...
Tax-inclusive prices reduced sales
Salience, and not just underlying financial incentives, matters. When consumers go into a store, for example, they see pretax prices on the items. One might assume that consumers are generally aware of which items ...
Individual retirement accounts helped companies without an employer-sponsored retirement plan
About half of U.S. workers do not have access to an employer-sponsored retirement plan.
To aid them, researchers have suggested automatic IRAs (individual retirement accounts), whereby companies that do not have an employer-sponsored retirement ...
The commitment feature had a positive effect on savings deposits
A field experiment among farmers in Malawi offered both ordinary savings accounts and commitment accounts that allowed customers to restrict access to funds until a specified date.
The commitment feature had a positive effect ...
Increasing organ donations by raising awareness about it
In Mexico in 2014, only about 3,6 out of every 100 000 people were organ donors. To increase this rate, some non-profits created an educational campaign to raise awareness about organ donation.
This ...