“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans”
E1016916
“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” is an economics research paper by Greg Kaplan that analyzes how households say they would adjust their spending in response to unexpected financial changes such as windfalls, losses, new information, or borrowing opportunities.
All labels observed (1)
| Label | Occurrences |
|---|---|
| “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T13037972 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” Context triple: [Greg Kaplan, notableWork, “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans”]
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A.
Misbehaving: The Making of Behavioral Economics
Misbehaving: The Making of Behavioral Economics is a popular science book by economist Richard H. Thaler that chronicles the development of behavioral economics through personal anecdotes, experiments, and challenges to traditional economic theory.
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B.
Fisherian intertemporal choice theory
Fisherian intertemporal choice theory is an economic framework, developed by Irving Fisher, that explains how rational individuals allocate consumption and savings over time to maximize lifetime utility given their income, preferences, and interest rates.
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C.
Nudge: Improving Decisions About Health, Wealth, and Happiness
"Nudge: Improving Decisions About Health, Wealth, and Happiness" is a popular behavioral economics book by Richard Thaler and Cass Sunstein that explains how subtle changes in choice architecture can steer people toward better decisions without restricting their freedom.
-
D.
Quasi Rational Economics
Quasi Rational Economics is a collection of influential essays by Richard H. Thaler that helped establish behavioral economics by challenging the assumption of fully rational decision-making in traditional economic theory.
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E.
Why Nudge?
"Why Nudge?" is a book by legal scholar Cass Sunstein that examines the ethics and policy implications of using behavioral economics and choice architecture to influence people's decisions.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” Target entity description: “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” is an economics research paper by Greg Kaplan that analyzes how households say they would adjust their spending in response to unexpected financial changes such as windfalls, losses, new information, or borrowing opportunities.
-
A.
Misbehaving: The Making of Behavioral Economics
Misbehaving: The Making of Behavioral Economics is a popular science book by economist Richard H. Thaler that chronicles the development of behavioral economics through personal anecdotes, experiments, and challenges to traditional economic theory.
-
B.
Fisherian intertemporal choice theory
Fisherian intertemporal choice theory is an economic framework, developed by Irving Fisher, that explains how rational individuals allocate consumption and savings over time to maximize lifetime utility given their income, preferences, and interest rates.
-
C.
Nudge: Improving Decisions About Health, Wealth, and Happiness
"Nudge: Improving Decisions About Health, Wealth, and Happiness" is a popular behavioral economics book by Richard Thaler and Cass Sunstein that explains how subtle changes in choice architecture can steer people toward better decisions without restricting their freedom.
-
D.
Quasi Rational Economics
Quasi Rational Economics is a collection of influential essays by Richard H. Thaler that helped establish behavioral economics by challenging the assumption of fully rational decision-making in traditional economic theory.
-
E.
Why Nudge?
"Why Nudge?" is a book by legal scholar Cass Sunstein that examines the ethics and policy implications of using behavioral economics and choice architecture to influence people's decisions.
- F. None of above. chosen
Statements (32)
| Predicate | Object |
|---|---|
| instanceOf |
academic article
ⓘ
economics research paper ⓘ |
| analyzes |
how households say they would adjust spending after losses
ⓘ
how households say they would adjust spending after new financial information ⓘ how households say they would adjust spending after windfalls ⓘ how households say they would adjust spending when given loan opportunities ⓘ |
| author | Greg Kaplan ⓘ |
| contribution |
evidence on role of credit access in spending decisions
ⓘ
evidence on stated marginal propensity to consume from small shocks ⓘ insights into asymmetry between responses to gains and losses ⓘ |
| field | economics ⓘ |
| focus |
heterogeneity in spending responses
ⓘ
self-reported spending plans ⓘ survey-based hypothetical questions ⓘ |
| language | English ⓘ |
| methodology | survey of hypothetical $500 scenarios ⓘ |
| relatedTo |
consumption-smoothing models
ⓘ
liquidity constraints ⓘ precautionary saving ⓘ survey expectations data ⓘ |
| subfield |
behavioral economics
ⓘ
consumption theory ⓘ household finance ⓘ |
| topic |
borrowing opportunities
ⓘ
financial losses ⓘ household expectations ⓘ household spending responses ⓘ income shocks ⓘ marginal propensity to consume ⓘ news about future income ⓘ unexpected income changes ⓘ windfall gains ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” Description of subject: “What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans” is an economics research paper by Greg Kaplan that analyzes how households say they would adjust their spending in response to unexpected financial changes such as windfalls, losses, new information, or borrowing opportunities.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Greg Kaplan
→
notableWork
→
“What Would You Do With $500? Spending Responses to Gains, Losses, News, and Loans”
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