Da Silva, Sergio; Da Costa Jr, Newton; Matsushita, Raul; … - In: Review of Behavioral Finance 10 (2018) 1, pp. 42-52
Purpose: A recent population-wide study for Germany, where credit lines on current accounts are available to 80 percent of the population, finds that overdraft debt is more likely for people who give intuitive but incorrect answers on a cognitive reflection test. This suggests that those...