|
Field
Intervention (Public)
|
Before
Intervention is the content of the information received by the participants. Information manipulation will be in two categories: 1) minimum payment information and 2) the length of time and the amount of total interest accrued based on the payment amount chosen by the participant.
STUDY 2: We will look at varying the presentation of the information (months, interest) which will be either numerical or with graphical representation.
STUDY 3: We will look at varying a set of menu options that vary on the number of months to pay off the entire balance. There will range from 2 to 8 eight menu options. The options vary the number of additional months: 1, 2, 4, 6 or 8 options that expand each time on the number of months.
STUDY 4:
We will additionally test different ways of entering the payment info.
|
After
Intervention is the content of the information received by the participants. Information manipulation will be in two categories: 1) minimum payment information and 2) the length of time and the amount of total interest accrued based on the payment amount chosen by the participant.
STUDY 2: We will look at varying the presentation of the information (months, interest) which will be either numerical or with graphical representation.
STUDY 3: We will look at varying a set of menu options that vary on the number of months to pay off the entire balance. They will range from 2 to 8 eight menu options. The options vary the number of additional months: 1, 2, 4, 6 or 8 options that expand each time on the number of months.
STUDY 4:
We will additionally test different ways of entering the payment info.
|
|
Field
Intervention (Hidden)
|
Before
We will run a hypothetical study with mturk participants. Participants will be asked to imagine that they received their monthly credit statement that is due today and will be asked the amount they plan to pay. They will be given five different scenarios with different statement amounts due.
We will run a 2x2 design experiment. In all conditions and in all scenarios the interest rate is fixed and given to participants. In all conditions, participants will be given the statement amounts for five different scenarios. The four conditions will be as follows:
1. Min payment & no additional info: the participants will see the minimum payment required in addition to the ones stated above
2. No Min payment & no additional info: the participants will not be given any additional information apart from the ones stated above
3. Min payment & additional info: the participants will see the minimum payment required in addition to the ones stated above. they will also see the length of time and the total interest to accrue for the following scenarios: 1) if they pay full, 2) if they pay only the minimum, 3) for an amount that they choose
4. No Min payment & additional info: the participants will see the length of time and the total interest to accrue for the following scenarios: 1) if they pay full, 2) for an amount that they choose
STUDY 2:
-numerical vs graphical info in three categories: payment amount, interest to be charged, the months to finish the debt. this will create 8 different cells
STUDY 3:
In this study, we will have two control and multiple treatment layouts (six is planned).
1. 1 menu option+no information
--full payment info
--other payment info
2. 1 menu option+information (Additional months and interest charges)
--full payment info
--other payment info
3. 2 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--other payment info
4. 4 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--other payment info
5. 6 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--payment amount to finish the debt in 6 month
--payment amount to finish the debt in 12 month
--other payment info
6. 8 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--payment amount to finish the debt in 6 month
--payment amount to finish the debt in 12 month
--payment amount to finish the debt in 24 month
--payment amount to finish the debt in 36 month
--other payment info
STUDY 4:
In this study, we will use the "winner" of the study 3 as our baseline and test the effect of sliders and the default position of sliders to input the payment amount in repayment decisions.
|
After
We will run a hypothetical study with mturk participants. Participants will be asked to imagine that they received their monthly credit statement that is due today and will be asked the amount they plan to pay. They will be given five different scenarios with different statement amounts due.
We will run a 2x2 design experiment. In all conditions and in all scenarios the interest rate is fixed and given to participants. In all conditions, participants will be given the statement amounts for five different scenarios. The four conditions will be as follows:
1. Min payment & no additional info: the participants will see the minimum payment required in addition to the ones stated above
2. No Min payment & no additional info: the participants will not be given any additional information apart from the ones stated above
3. Min payment & additional info: the participants will see the minimum payment required in addition to the ones stated above. they will also see the length of time and the total interest to accrue for the following scenarios: 1) if they pay full, 2) if they pay only the minimum, 3) for an amount that they choose
4. No Min payment & additional info: the participants will see the length of time and the total interest to accrue for the following scenarios: 1) if they pay full, 2) for an amount that they choose
STUDY 2:
-numerical vs graphical info in three categories: payment amount, interest to be charged, the months to finish the debt. this will create 8 different cells
STUDY 3:
In this study, we will have two control and multiple treatment layouts (six is planned). The presentation of study 3 will be based on the winner of study (e.g. the presentation which gives the best outcome).
1. 1 menu option+no information
--full payment info
--other payment info
2. 1 menu option+information (Additional months and interest charges)
--full payment info
--other payment info
3. 2 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--other payment info
4. 4 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--other payment info
5. 6 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--payment amount to finish the debt in 6 month
--payment amount to finish the debt in 12 month
--other payment info
6. 8 menu options+information (Additional months and interest charges)
--full payment info
--payment amount to finish the debt in 1 month
--payment amount to finish the debt in 2 month
--payment amount to finish the debt in 3 month
--payment amount to finish the debt in 6 month
--payment amount to finish the debt in 12 month
--payment amount to finish the debt in 24 month
--payment amount to finish the debt in 36 month
--other payment info
STUDY 4:
In this study, we will use the "winner" of the study 2 as our baseline and test the effect of sliders and the default position of sliders to input the payment amount in repayment decisions.
|