Date of Completion

2024

Document Type

Research Project

Degree Name

Grade 12

Keywords

denomination effect, spending habits, expenditures, consumer

Abstract

The Denomination Effect is a cognitive bias where individuals tend to be more reluctant to spend larger denomination currencies as compared to smaller ones, but show a tendency to spend money in smaller denominations. This study explored the Denomination Effect bias to the spending habits of DLSMHSI-SHSSHS students. The researchers employed a quantitative descriptive research design in order to analyze the pattern and identify the characteristics of the SHSSHS students in their spending habits and used a self-made instrument to gather the data needed to answer the research problems. To analyze the data, the researchers utilized a set of criteria to interpret the spending habits of the students and a frequency distribution table to present the student’s preferences on money denomination in terms of sex and weekly allowance. It was observed that males tend to compare prices more than females. Moreover, smart spending was also observed among students based on their weekly allowance. However, the results show that there was no significant difference on their spending habits based on different purposes regardless of sex and weekly allowance. Similarly, there were also no significant differences in relation to the denomination effect based on expenditures and purpose.

First Advisor

Marc Jeffrey P. Sioco

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