How you spend affects how much you spend: Non-cash purchases found to be higher than cash buys
Sunday, September 7, 2008 - 03:28
in Mathematics & Economics
There is fresh evidence that people spend less when paying cash than using credit, cash-equivalent scrip or gift certificates. They also spend less when they have to estimate expenses in detail. These findings appear in the September issue of the Journal of Experimental Psychology: Applied, published by the American Psychological Association.