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Food waste, date labels, and risk preferences: An experimental exploration

Publication ,  Journal Article
Wilson, NLW; Miao, R
Published in: Applied Economic Perspectives and Policy
January 1, 2025

This study provides theoretical and experimental evidence that consumers adjust their premeditated food waste by date labels and their risk and loss preferences. The “Use by” date label leads to more premeditated food waste than “Best by” for deli meat and spaghetti sauce. However, changing date labels may not lower premeditated food waste relative to no label at all. Greater loss aversion correlates with higher premeditated food waste regardless of date labels and products. For participants with high loss aversion, they have higher premediated waste with no statistical difference in response for “Best by” and “Use by” labels. These results highlight the heterogeneous response to date labels.

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Published In

Applied Economic Perspectives and Policy

DOI

EISSN

2040-5804

ISSN

2040-5790

Publication Date

January 1, 2025

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
 

Citation

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Wilson, N. L. W., & Miao, R. (2025). Food waste, date labels, and risk preferences: An experimental exploration. Applied Economic Perspectives and Policy. https://doi.org/10.1002/aepp.13507
Wilson, N. L. W., and R. Miao. “Food waste, date labels, and risk preferences: An experimental exploration.” Applied Economic Perspectives and Policy, January 1, 2025. https://doi.org/10.1002/aepp.13507.
Wilson NLW, Miao R. Food waste, date labels, and risk preferences: An experimental exploration. Applied Economic Perspectives and Policy. 2025 Jan 1;
Wilson, N. L. W., and R. Miao. “Food waste, date labels, and risk preferences: An experimental exploration.” Applied Economic Perspectives and Policy, Jan. 2025. Scopus, doi:10.1002/aepp.13507.
Wilson NLW, Miao R. Food waste, date labels, and risk preferences: An experimental exploration. Applied Economic Perspectives and Policy. 2025 Jan 1;
Journal cover image

Published In

Applied Economic Perspectives and Policy

DOI

EISSN

2040-5804

ISSN

2040-5790

Publication Date

January 1, 2025

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics