Researchers partnered with a large payday lender in Indiana to conduct an evaluation to better understand consumers’ decision-making. The results suggest that average borrowers can anticipate their probability of taking loans in the future. However, people focus too much on the present when making decisions about payday loans, a behavior that they would like to change.

Researchers introduced a randomized information intervention to see if providing information on how different allocation methods work would shift the preferences of beneficiaries of a Nepalese land allocation program. On average, the information intervention did not change preferences for how land should be allocated, and about half of participants still preferred allocation methods that were less likely to match them with their desired plot of land.