Tag
rule_of_thumb
2 findings
DevelopmentHeuristic Rule-of-Thumb vs Complex Accounting InstructionTailors progressed through foundational record-keeping and heuristic practices much faster than complex financial modeling modules; however, despite targeted instruction, overall adoption of all practices decayed to baseline levels within 11 months post-consulting (0.11 percentage point effect, p > 0.10).RCTEconomics (general)Rule-of-Thumb Financial TrainingTeaching rules of thumb significantly reduced financial reporting errors among low-skilled owners and increased profits by 23.5% in Uganda and 8.1% in Ecuador.RCT