News – Living Lab at the University of Michigan

Fairness in Children–A Living Lab Study Featured!

One of our recent studies was featured on Michigan News! This study done by Margaret Echelbarger investigates on how children understand fairness in relation to economic concepts. “The trick is knowing when and how to balance self interest and concern for others—what is appropriate in different circumstances,” said lead author Margaret Echelbarger, a recent U-M …

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Spendthrift or Tightwad? –A New Article on a Living Lab Study

One of our recent studies was featured on Michigan News! This work by Dr. Craig Smith and Margaret Echelbarger examined children’s emotions about spending and how that correlates with their spending behavior. In fact they found “Kids on the spendthrift end were more likely to buy and tightwad kids were more likely to save…” “Parents …

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