Tightwads and Spendthrifts

By Scott I. Rick, Cynthia Cryder, George Loewenstein. 2008

420 citations recorded by the source corpus.

Subfields: General Decision Sciences, Marketing

View Paper: https://www.semanticscholar.org/paper/be49bcb2879717e47db72556d2eedbd69d05dbb9

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Citations in the corpus

The Denomination Effect (2009, background): “Study 3 directly examines whether choice of receiving money in a large denomination relative to many small denominations varies with individual differences in spending (Rick et al. 2008). Rick et al. (2008) categorized individuals as tightwads and spendthrifts.”
On a Need-to-Know Basis: How the Distribution of Responsibility Between Couples Shapes Financial Literacy and Financial Outcomes (2019, background): “…(Fernandes et al. 2014), general risk aversion (Mandrik and Bao 2005), conscientiousness (John and Srivastava 1999), preference for numerical information (Viswanathan 1993), desirability of control (Burger and Cooper 1979), and tightwad/spendthrift tendency (Rick, Cryder, and Loewenstein 2008).”
Why Do People Give? The Role of Identity in Giving (2009, neutral): “Cryder & Loewenstein, 2008 ), and happiness (Dunn, Aknin & Norton, 2008; Liu & Aaker,”
Financial Literacy, Financial Education, and Downstream Financial Behaviors (2014, background): “88 Spendthrifts (as opposed to tightwads) tend to lack control in their spending habits, experience little pain in paying, and “…typically spend more than they would ideally like to spend” (Rick, Cryder, and Loewenstein 2008, p. 767).”
Consumer spending self-control effectiveness and outcome elaboration prompts (2012, background): “Rick et al. (2008) introduce a measure of tightwads and spendthrifts that examines general attitudes toward spending and the pain consumers associate with buying.”
Lay Rationalism: Individual Differences in using Reason versus Feelings to Guide Decisions (2015, background): “These scales included (in alphabetical order) the Affect Intensity Measure (Larsen and Diener 1987), Buying Impulsiveness (Rook and Fisher 1995), the Cognitive Reflection Test (Frederick 2005), the Delaying Gratification Inventory (Hoerger, Quirk, and Weed 2011), the Emotion-Based Decision-Making Sc”
Social Support and Money as Pain Management Mechanisms (2008, background): “In addition, researchers surveyed more than 13,000 people, and most respondents reported that they had experienced intense pain when they spent money (Rick et al., 2008).”
Cost Conscious? The Neural and Behavioral Impact of Price Primacy on Decision Making (2015, background): “Anticipating or incurring this cost may even elicit a physical “pain of paying” (Prelec and Loewenstein 1998; Knutson et al. 2007; Rick et al. 2008).”
Opportunity Cost Neglect (2009, methodology): “…arrived at their maximum willingness to pay, we found that only 13% of participants mentioned outside goods in the control condition of study 3, and Rick et al. (2008) found only two comments resembling an explicit contemplation of opportunity costs in over 2,200 protocols regarding past purchase…”
Data collection in a flat world: the strengths and weaknesses of mechanical turk samples (2013, methodology): “Eight questions measured the extent to which participants value money versus time (Cryder & Loewenstein, 2010), four questions were from the TW-ST scale and measured the pain of paying (Rick et al., 2008), and nine questions were from the short version of the MVS (Richins, 2004).”