Welcome to the 2018 AFS Annual Meeting, being held this year, in conjunction with FPA in Chicago!
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Wednesday, October 3 • 10:45am - 11:45am
G3a - Are ‘Adult’ Sources of Windfalls Destined to be Spent ‘Responsibly’? (And Are Other Windfalls Spent Hedonistically?)

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The goal of this paper is to test to see whether what people would buy differs by windfall source. Basically, our hypothesis is that the more ‘adult’ the source of the windfall, such as a work bonus, tax refund and perhaps inheritance, the more one would spend on ‘responsible’ uses, like household expenses and durable goods, such as a car or washing machine. Alternatively, the more hedonistic sources, like lottery and game show winnings, would be spent on ‘fun’. An alternative measure explored would be ‘euphoria’. Are the more exciting or euphoric sources like game show, bonus or lottery, spent more for fun than the less exciting sources like a tax refund or inheritance?

Author(s): Eugene Bland, Valrie Chambers


Eugene Bland

Texas A&M University - Corpus Christi

Wednesday October 3, 2018 10:45am - 11:45am CDT
Michigan 1C

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