- Data collection collaborations
Windfalls of Time and Money: Effects on Wellbeing and Decision-Making.
Colin Richard West
- January 1, 2021
- 7:16 pm
SECTOR
PROJECT TYPE
DOI
Location
BEHAVIORAL THEME
OVERVIEW
This dissertation investigates how people respond to windfalls of time and money. From
vacations and outsourcing, to bonuses and commissions – individuals and organizations
frequently experience windfalls of time and money. These moments of temporary abundance
provide a critical window into human psychology. I focus on these moments and what they
reveal about psychological wellbeing and economic decision-making.
THEMATIC AREAS
In Chapter 1, I investigate the psychological benefits of providing people with large, unexpected windfalls of time or
money. In Chapter 2, I examine how experiencing episodic financial windfalls can shape
intertemporal preferences – trade-offs between smaller immediate rewards and larger delayed
rewards. In Chapter 3, I investigate how people make decisions about whether to spend or save a
financial windfall