Spending Time versus Spending Money

By Erica Mina Okada, Stephen J. Hoch. 2004

322 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/22ee6f527acfb3ad53bafad91461f7e6dd0bc28e

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Citations in the corpus

It’s About Time: New Perspectives and Insights on Time Management (2017, background): “Everybody knows that a dollar is a dollar, but an hour can mean different things to different people (Okada & Hoch, 2004).”
Justification Effects on Consumer Choice of Hedonic and Utilitarian Goods (2005, background): “Okada and Hoch (2004) compare money and time as two currencies of exchange, on the premise that consumers acquire products in exchange for some combination of paying hard currency (money) and expending effort (time).”
A Generalizable Scale of Propensity to Plan: The Long and the Short of Planning for Time and for Money (2010, background): “…particular initial applications of our scale to compare time and money planning was motivated by work showing that people think differently about these two basic resources (Liu and Aaker 2008; Mogilner and Aaker 2009; Okada and Hoch 2004; Saini and Monga 2008; Soman 2001; Zauberman and Lynch 2005).”
If money does not make you happy, consider time (2011, background): “…to spend and save, a clean comparison is difficult because of the many confounds between the two constructs and the psychologically distinct characteristics that impact each one's allocation (e.g., Leclerc, Schmitt, & Dubé, 1995; Okada & Hoch, 2004; Saini & Monga, 2008; Zauberman & Lynch, 2005).”
When time is money: The effect of hourly payment on the evaluation of time (2007, background): “In a similar vein, Okada and Hoch (2004) reported that there were systematic diVerences in how people spend time versus money, and that these diVerences could be explained by the greater ambiguity in the value of time, which permitted more accommodation and rationalization.”
Effect of Consumer Beliefs on Online Purchase Behavior: The Influence of Demographic Characteristics and Consumption Values (2011, background): “…beliefs relating to saving money and saving time in a similar manner and hence not use the economic value of time to make the implicit trade-off between the costs of search (e.g., time spent) and the benefits of search (e.g., money saved), as in the economic perspective (Okada and Hoch 2004).”