Heat of the Moment: How Temperature Influences the Search and Purchase of Energy-Using Appliances
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jebo.2024.106703
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hunt Allcott & Dmitry Taubinsky, 2015. "Evaluating Behaviorally Motivated Policy: Experimental Evidence from the Lightbulb Market," American Economic Review, American Economic Association, vol. 105(8), pages 2501-2538, August.
- Botond Kőszegi & Matthew Rabin, 2006.
"A Model of Reference-Dependent Preferences,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(4), pages 1133-1165.
- Koszegi, Botond & Rabin, Matthew, 2004. "A Model of Reference-Dependent Preferences," Department of Economics, Working Paper Series qt0w82b6nm, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Botond Koszegi & Matthew Rabin, 2005. "A Model of Reference-Dependent Preferences," Levine's Bibliography 784828000000000341, UCLA Department of Economics.
- Botond Koszegi & Matthew Rabin, 2004. "A Model of Reference-Dependent Preferences," Method and Hist of Econ Thought 0407001, University Library of Munich, Germany.
- Qin, Yu & Wu, Jing & Yan, Jubo, 2019. "Negotiating housing deal on a polluted day: Consequences and possible explanations," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 161-187.
- Pan He & Pengfei Liu & Yueming (Lucy) Qiu & Lufan Liu, 2022. "Author Correction: The weather affects air conditioner purchases to fill the energy efficiency gap," Nature Communications, Nature, vol. 13(1), pages 1-1, December.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012.
"Salience Theory of Choice Under Risk,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(3), pages 1243-1285.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience Theory of Choice Under Risk," Working Paper 29210, Harvard University OpenScholar.
- Andrei Shleifer & Nicola Gennaioli & Pedro Bordalo, 2011. "Salience theory of choice under risk," 2011 Meeting Papers 1442, Society for Economic Dynamics.
- Shleifer, Andrei & Bordalo, Pedro & Gennaioli, Nicola, 2012. "Salience Theory of Choice Under Risk," Scholarly Articles 10636303, Harvard University Department of Economics.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2010. "Salience Theory of Choice Under Risk," NBER Working Papers 16387, National Bureau of Economic Research, Inc.
- Pan He & Pengfei Liu & Yueming (Lucy) Qiu & Lufan Liu, 2022. "The weather affects air conditioner purchases to fill the energy efficiency gap," Nature Communications, Nature, vol. 13(1), pages 1-8, December.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2013.
"Salience and Consumer Choice,"
Journal of Political Economy, University of Chicago Press, vol. 121(5), pages 803-843.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, "undated". "Salience and Consumer Choice," Working Paper 62321, Harvard University OpenScholar.
- Bordalo, Pedro & Gennaioli, Nicola & Shleifer, Andrei, 2013. "Salience and Consumer Choice," Scholarly Articles 27814563, Harvard University Department of Economics.
- Pedro Bordado & Nicola Gennaioli & Andrei Shleifer, 2015. "Salience and Consumer Choice," Working Papers 501, Barcelona School of Economics.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience and Consumer Choice," Working Papers 463, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2012. "Salience and Consumer Choice," NBER Working Papers 17947, National Bureau of Economic Research, Inc.
- Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2010. "Salience and consumer choice," Economics Working Papers 1252, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2012.
- Rapson, David, 2014. "Durable goods and long-run electricity demand: Evidence from air conditioner purchase behavior," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 141-160.
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2003.
"Projection Bias in Predicting Future Utility,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1209-1248.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2000. "Projection Bias in Predicting Future Utility," Department of Economics, Working Paper Series qt5qh6142m, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- George Loewenstein & Ted O'Donoghue & Matthew Rabin, 2001. "Projection Bias in Predicting Future Utility," General Economics and Teaching 0012003, University Library of Munich, Germany.
- Loewenstein, George & O'Donoghue, Ted & Rabin, Matthew, 2002. "Projection Bias in Predicting Future Utility," Working Papers 02-11, Cornell University, Center for Analytic Economics.
- George Loewenstein, Ted O'Donoghue and Matthew Rabin., 2000. "Projection Bias in Predicting Future Utility," Economics Working Papers E00-284, University of California at Berkeley.
- Anthony Heyes & Soodeh Saberian, 2019. "Temperature and Decisions: Evidence from 207,000 Court Cases," American Economic Journal: Applied Economics, American Economic Association, vol. 11(2), pages 238-265, April.
- Dan Acland & Matthew R. Levy, 2015. "Naiveté, Projection Bias, and Habit Formation in Gym Attendance," Management Science, INFORMS, vol. 61(1), pages 146-160, January.
- Acland, Dan & Levy, Matthew R., 2015. "Naiveté, projection bias, and habit formation in gym attendance," LSE Research Online Documents on Economics 66147, London School of Economics and Political Science, LSE Library.
- Daniel Kahneman & Amos Tversky, 2013.
"Prospect Theory: An Analysis of Decision Under Risk,"
World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127,
World Scientific Publishing Co. Pte. Ltd..
- Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Hunt Allcott & Christopher Knittel, 2019.
"Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments,"
American Economic Journal: Economic Policy, American Economic Association, vol. 11(1), pages 1-37, February.
- Hunt Allcott & Christopher Knittel, 2017. "Are Consumers Poorly Informed about Fuel Economy? Evidence from Two Experiments," NBER Working Papers 23076, National Bureau of Economic Research, Inc.
- Tom Y Chang & Wei Huang & Yongxiang Wang, 2018. "Something in the Air: Pollution and the Demand for Health Insurance," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 85(3), pages 1609-1634.
- Giovanna d’Adda & Yu Gao & Massimo Tavoni, 2022. "A randomized trial of energy cost information provision alongside energy-efficiency classes for refrigerator purchases," Nature Energy, Nature, vol. 7(4), pages 360-368, April.
- François Cohen & Matthieu Glachant & Magnus Söderberg, 2017.
"The cost of adapting to climate change: evidence from the US residential sector,"
GRI Working Papers
263, Grantham Research Institute on Climate Change and the Environment.
- François Cohen & Matthieu Glachant & Magnus Söderberg, 2017. "The cost of adapting to climate change: evidence from the US residential sector," Working Papers hal-01695171, HAL.
- Graff Zivin, Joshua & Song, Yingquan & Tang, Qu & Zhang, Peng, 2020.
"Temperature and high-stakes cognitive performance: Evidence from the national college entrance examination in China,"
Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
- Joshua S. Graff Zivin & Yingquan Song & Qu Tang & Peng Zhang, 2018. "Temperature and High-Stakes Cognitive Performance: Evidence from the National College Entrance Examination in China," NBER Working Papers 24821, National Bureau of Economic Research, Inc.
- Victor Stango & Jonathan Zinman, 2023.
"We Are All Behavioural, More, or Less: A Taxonomy of Consumer Decision-Making,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(3), pages 1470-1498.
- Victor Stango & Jonathan Zinman, 2020. "We are all Behavioral, More or Less: A Taxonomy of Consumer Decision Making," NBER Working Papers 28138, National Bureau of Economic Research, Inc.
- Yanjun Liao, 2020. "Weather and the Decision to Go Solar: Evidence on Costly Cancellations," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(1), pages 1-33.
- Uri Simonsohn, 2010. "Weather To Go To College," Economic Journal, Royal Economic Society, vol. 120(543), pages 270-280, March.
- Stefan Lamp, 2023.
"Sunspots That Matter: The Effect of Weather on Solar Technology Adoption,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1179-1219, April.
- Lamp, Stefan, 2018. "Sunspots that matter: the effect of weather on solar technology adoption," TSE Working Papers 18-879, Toulouse School of Economics (TSE).
- Michael Conlin & Ted O'Donoghue & Timothy J. Vogelsang, 2007. "Projection Bias in Catalog Orders," American Economic Review, American Economic Association, vol. 97(4), pages 1217-1249, September.
- Ned Augenblick & Matthew Rabin, 2019. "An Experiment on Time Preference and Misprediction in Unpleasant Tasks," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(3), pages 941-975.
- Buchheim, Lukas & Kolaska, Thomas, 2016.
"Weather and the Psychology of Purchasing Outdoor-Movie Tickets,"
Discussion Papers in Economics
26930, University of Munich, Department of Economics.
- Buchheim, Lukas & Kolaska, Thomas, 2017. "Weather and the Psychology of Purchasing Outdoor Movie Tickets," Munich Reprints in Economics 49909, University of Munich, Department of Economics.
- Sébastien Houde, 2018. "How consumers respond to product certification and the value of energy information," RAND Journal of Economics, RAND Corporation, vol. 49(2), pages 453-477, June.
- Flavián, Carlos & Gurrea, Raquel & Orús, Carlos, 2020. "Combining channels to make smart purchases: The role of webrooming and showrooming," Journal of Retailing and Consumer Services, Elsevier, vol. 52(C).
- Meghan R. Busse & Devin G. Pope & Jaren C. Pope & Jorge Silva-Risso, 2015. "The Psychological Effect of Weather on Car Purchases," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(1), pages 371-414.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Bonan, Jacopo & Cattaneo, Cristina & D'Adda, Giovanna & Tavoni, Massimo, 2023. "Daily Temperature and Sales of Energy-using Durables," RFF Working Paper Series 23-43, Resources for the Future.
- Stefan Lamp, 2023.
"Sunspots That Matter: The Effect of Weather on Solar Technology Adoption,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1179-1219, April.
- Lamp, Stefan, 2018. "Sunspots that matter: the effect of weather on solar technology adoption," TSE Working Papers 18-879, Toulouse School of Economics (TSE).
- Clot, Sophie & Grolleau, Gilles & Ibanez, Lisette, 2022.
"Projection bias in environmental beliefs and behavioural intentions - An application to solar panels and eco-friendly transport,"
Energy Policy, Elsevier, vol. 160(C).
- Sophie Clot & Gilles Grolleau & Lisette Ibanez, 2022. "Projection bias in environmental beliefs and behavioural intentions-An application to solar panels and eco-friendly transport," Post-Print hal-03363702, HAL.
- Pan He & Pengfei Liu & Yueming (Lucy) Qiu & Lufan Liu, 2022. "The weather affects air conditioner purchases to fill the energy efficiency gap," Nature Communications, Nature, vol. 13(1), pages 1-8, December.
- Lukas Buchheim & Thomas Kolaska, 2017.
"Weather and the Psychology of Purchasing Outdoor Movie Tickets,"
Management Science, INFORMS, vol. 63(11), pages 3718-3738, November.
- Buchheim, Lukas & Kolaska, Thomas, 2016. "Weather and the Psychology of Purchasing Outdoor-Movie Tickets," Discussion Papers in Economics 26930, University of Munich, Department of Economics.
- Haggag, Kareem & Patterson, Richard W. & Pope, Nolan G. & Feudo, Aaron, 2021.
"Attribution bias in major decisions: Evidence from the United States Military Academy,"
Journal of Public Economics, Elsevier, vol. 200(C).
- Kareem Haggag & Richard W. Patterson & Nolan G. Pope & Aaron Feudo, 2018. "Attribution Bias in Major Decisions: Evidence from the United States Military Academy," CESifo Working Paper Series 7081, CESifo.
- Haggag, Kareem & Patterson, Richard & Pope, Nolan G. & Feudo, Aaron, 2019. "Attribution Bias in Major Decisions: Evidence from the United States Military Academy," IZA Discussion Papers 12174, Institute of Labor Economics (IZA).
- Katharina Dowling & Daniel Guhl & Daniel Klapper & Martin Spann & Lucas Stich & Narine Yegoryan, 2020.
"Behavioral biases in marketing,"
Journal of the Academy of Marketing Science, Springer, vol. 48(3), pages 449-477, May.
- Guhl, Daniel & Klapper, Daniel & Massner, Katharina & Spann, Martin & Stich, Lucas & Yegoryan, Narine, 2017. "Behavioral Biases in Marketing," Rationality and Competition Discussion Paper Series 51, CRC TRR 190 Rationality and Competition.
- Kaufmann, Marc, 2022.
"Projection bias in effort choices,"
Games and Economic Behavior, Elsevier, vol. 135(C), pages 368-393.
- Marc Kaufmann, 2021. "Projection Bias in Effort Choices," Papers 2104.04327, arXiv.org.
- Xavier Gabaix, 2017.
"Behavioral Inattention,"
NBER Working Papers
24096, National Bureau of Economic Research, Inc.
- Gabaix, Xavier, 2018. "Behavioral Inattention," CEPR Discussion Papers 13268, C.E.P.R. Discussion Papers.
- Bellani, Luna & Ceolotto, Stefano & Elsner, Benjamin & Pestel, Nico, 2021. "Air Pollution Affects Decision-Making: Evidence from the Ballot Box," IZA Discussion Papers 14718, Institute of Labor Economics (IZA).
- Xiangnan Feng & Shuang Ma & Lingling Wen & Yan Zhao, 2021. "Immediate effect of air pollution on labor mobility: empirical evidence from online résumé data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(2), pages 483-512, October.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Tristan Gagnon-Bartsch & Antonio Rosato, 2024.
"Quality Is in the Eye of the Beholder: Taste Projection in Markets with Observational Learning,"
American Economic Review, American Economic Association, vol. 114(11), pages 3746-3787, November.
- Gagnon-Bartsch, Tristan & Rosato, Antonio, 2022. "Quality is in the eye of the beholder: taste projection in markets with observational learning," MPRA Paper 115426, University Library of Munich, Germany.
- Jiao, Yawen, 2024. "Managing decision fatigue: Evidence from analysts’ earnings forecasts," Journal of Accounting and Economics, Elsevier, vol. 77(1).
- Michel, Christian & Stenzel, André, 2021.
"Model-based evaluation of cooling-off policies,"
Games and Economic Behavior, Elsevier, vol. 129(C), pages 270-293.
- Christian Michel & André Stenzel, 2018. "Model-Based Evaluation of Cooling-off Policies," CRC TR 224 Discussion Paper Series crctr224_2018_061v2, University of Bonn and University of Mannheim, Germany.
- Christian Michel & André Stenzel, 2018. "Policy Evaluation in Behavioral Models," CRC TR 224 Discussion Paper Series crctr224_2018_061v1, University of Bonn and University of Mannheim, Germany.
- Cardella, Eric & Ewing, Bradley T. & Williams, Ryan B., 2017. "Price volatility and residential electricity decisions: Experimental evidence on the convergence of energy generating source," Energy Economics, Elsevier, vol. 62(C), pages 428-437.
- Sophie Clot & Gilles Grolleau & Lisette Ibanez, 2020.
"Projection bias in environmental attitudes and behavioral intentions,"
CEE-M Working Papers
hal-02874044, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
- Sophie Clot & Gilles Grolleau & Lisette Ibanez, 2020. "Projection bias in environmental attitudes and behavioral intentions," Working Papers hal-02874044, HAL.
- Reto Odermatt & Alois Stutzer, 2022.
"Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction,"
Journal of Happiness Studies, Springer, vol. 23(8), pages 3731-3763, December.
- Odermatt, Reto & Stutzer, Alois, 2020. "Does the Dream of Home Ownership Rest upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction," IZA Discussion Papers 13510, Institute of Labor Economics (IZA).
- Pan, Yinghao & Qin, Yu & Zhang, Fan & Zhu, Hongjia, 2022. "Acquiring land in cold winter: Consequences and possible explanations," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
- Jie He & Bing Zhang, 2021. "Current Air Pollution and Willingness to Pay for Better Air Quality: Revisiting the Temporal Reliability of the Contingent Valuation Method," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 135-168, May.
More about this item
Keywords
Projection bias; Salience; Energy appliances;All these keywords.
JEL classification:
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:227:y:2024:i:c:s0167268124003093. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jebo .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.