Debt Management Game Data on Consumer Repayment Decisions

Four experiments tested how consumers manage multiple debts using an incentive-compatible game. The study, by Moty Amar of Ono Academic College, found evidence of 'debt account aversion,' where participants consistently paid off small debts first despite higher interest rates on larger debts. The data likely contains experimental results on repayment choices, interest accumulation, and interventions tested.

Use Cases

• Modeling consumer debt repayment strategies based on the described experimental game.
• Analyzing the impact of 'debt account aversion' on overall interest paid, as referenced in the findings.
• Testing interventions like restricting small debt payoffs or highlighting interest accumulation, as described in the study.

Strengths

• Data is derived from four controlled experiments, as stated in the description.
• Study design is described as 'incentive-compatible,' suggesting real financial consequences for participants.

Limitations

• Column-level documentation is absent; field semantics must be inferred after download.
• Row count is unknown, which may limit suitability assessment.
• Data may reflect bias inherent to experimental participant pools from paperswithcode.

Provenance

Source

Moty Amar, Ono Academic College

Collection Method

Data likely gathered from an incentive-compatible debt management game with participants, as described.