Saving money, saving lives.

Saving lives versus life-years in rural Bangladesh: an ethical preferences approach.

Using a random sample of individuals in rural Bangladesh, this paper investigates people's ethical preferences regarding relative values of lives when it comes to saving lives of individuals of different ages. By assuming that an individual has preferences concerning different states of the world, and that these preferences can be described by an individual social welfare function, the individu...

The Moderating Role of Consumer Heterogeneity on two Objectives for Online Purchase: Saving Money and Saving Time

In this paper, we posit that consumer heterogeneity moderates the respective relationships between two important online purchase objectives of saving money and saving time on online purchase decisions. To explore this relationship, we empirically examine the moderating roles of consumer heterogeneity on the effects of money saved, time saved, and delivery time on purchase decisions. On the basi...

Dynamic Process of Money Transfer Models

We have studied numerically the statistical mechanics of the dynamic phenomena, including money circulation and economic mobility, in some transfer models. The models on which our investigations were performed are the basic model proposed by A. Drăgulescu and V. Yakovenko [1], the model with uniform saving rate developed by A. Chakraborti and B.K. Chakrabarti [2], and its extended model with di...

Saving Can Save from Death Anxiety: Mortality Salience and Financial Decision-Making

Four studies tested the idea that saving money can buffer death anxiety and constitute a more effective buffer than spending money. Saving can relieve future-related anxiety and provide people with a sense of control over their fate, thereby rendering death thoughts less threatening. Study 1 found that participants primed with both saving and spending reported lower death fear than controls. Sa...

Effects of saving and spending patterns on holding time distribution

The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending ...

Saving lives, saving from death, saving from dying: reflections on 'over-valuing' identifiable victims.