Construct · 1 fields · 1 citations

minimum payment anchoring: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
minimum paymentanchoring1 CONSTRUCTMinimum paymentSTEWART · BEHAVIORAL ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Behavioral economics

credit card holders paying less when a minimum payment is shown, because the minimum acts as an anchor.

In behavioral economics, minimum payment anchoring refers to credit card holders paying less when a minimum payment is shown, because the minimum acts as an anchor. This meaning comes from Stewart (2009) in Psychological Science.[1]

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Nearby constructs

anchoring3 fields · 4 citationsjingle · one word, three constructscredit2 fields · 2 citationsjingle · one word, two constructs

References

  1. Stewart, N. (2009). The Cost of Anchoring on Credit-Card Minimum Repayments. Psychological Science, 20(1), 39-41. https://doi.org/10.1111/j.1467-9280.2008.02255.x

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