Gine and Goldberg (2018) found that 42% of subjects who already owned a more expensive savings account with a local bank in Malawi chose to retain it instead of moving to a cheaper account, whereas none of the first-time customers offered the same two options chose the more expensive account.

Authors

• Person: Daria Azhyshcheva, Vi Dinh, Aanya Gothal, Abhinav Sisodiya Organization: World Scholars Review
  Biases in Behavioral Finance - World Scholars Review

Sources

• Biases in Behavioral Finance - World Scholars Review www.worldscholarsreview.org Daria Azhyshcheva, Vi Dinh, Aanya Gothal, Abhinav Sisodiya · World Scholars Review via serper

Referenced by nodes (1)

• Malawi location