Mortgage and Debt Illusion

Last registered on June 23, 2021

Pre-Trial

Trial Information

General Information

Title
Mortgage and Debt Illusion
RCT ID
AEARCTR-0006376
Initial registration date
September 22, 2020
Last updated
June 23, 2021, 8:12 PM EDT

Locations

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Primary Investigator

Affiliation
The University of Sydney

Other Primary Investigator(s)

PI Affiliation
The University of Sydney
PI Affiliation
The Australian National University
PI Affiliation
University of Technology Sydney
PI Affiliation
University of New South Wales
PI Affiliation
College of William and Mary

Additional Trial Information

Status
In development
Start date
2020-10-01
End date
2022-06-30
Secondary IDs
Abstract
Recent research shows that the presentation format of information affects consumer perception of the information. This study examines this phenomenon in the context of home loan choices by testing whether people’s perception of mortgage loan sizes is format-dependent.
External Link(s)

Registration Citation

Citation
Agnew, Julie et al. 2021. "Mortgage and Debt Illusion." AEA RCT Registry. June 23. https://doi.org/10.1257/rct.6376-2.0
Experimental Details

Interventions

Intervention(s)
Two interventions are introduced in the experiment. More details will be available after the experiment is completed.
Intervention Start Date
2020-10-01
Intervention End Date
2022-06-30

Primary Outcomes

Primary Outcomes (end points)
More information about the outcomes will be available after the experiment is completed.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
We conduct an online survey experiment with a sample of representative Australian households. More details will be available after the experiment is completed.
Experimental Design Details
Not available
Randomization Method
Randomisation by computer by the survey panel company.
Randomization Unit
The unit of randomisation is individual. More details will be available in the experimental design after the experiment is completed.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
1,000 individuals
Sample size: planned number of observations
1,000 individuals
Sample size (or number of clusters) by treatment arms
Treatment Group 1: 500 individuals
Treatment Group 2: 500 individuals
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)

IRB Name
The University of Sydney Human Research Ethics Committee
IRB Approval Date
2020-08-12
IRB Approval Number
2018/923