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Financial Decision Making When Buying and Owning a Home
Agarwal, Sumit - 2014
In this paper we investigate if financially sophisticated households, as measured by schooling and work experience, are less likely to make financial mistakes when buying and owning a home. Surprisingly, we find that financial sophistication does not have a uniform impact across households'...
Persistent link: https://www.econbiz.de/10013047150
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The Mistakes People Make : Financial Decision Making when Buying and Owning a Home
Agarwal, Sumit; Liu, Crocker Herbert; Torous, Walter N.; … - 2021
Financial sophistication does not uniformly impact home ownership decisions. Sophisticated households are less likely to pay too high a mortgage rate and more likely to refinance when financially advantageous to do so but more likely to over pay for a house and less likely to default when...
Persistent link: https://www.econbiz.de/10013245837
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Reference-dependent consumption plans
Kőszegi, Botond; Rabin, Matthew - In: The American economic review 99 (2009) 3, pp. 909-936
Persistent link: https://www.econbiz.de/10003863213
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Exponential-Growth Bias in Experimental Consumption Decisions
Levy, Matthew - 2015
Exponential-growth bias (EGB) is the tendency to neglect the power of compounding inter- est. A person with EGB will misperceive the intertemporal budget constraint, overestimating lifetime wealth and underestimating the differences in the cost of consumption across periods . We test four...
Persistent link: https://www.econbiz.de/10013021884
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Consumer debt decisions : the role of ambiguity
Theodorakopoulou, Vina - In: International journal of economic issues : IJEI 2 (2009) 2, pp. 241-261
Persistent link: https://www.econbiz.de/10009128016
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The role of context definition in choice experiments : a methodological proposal based on customized scenarios
Boncinelli, Fabio; Moneti, Maria; Gerini, Francesca; … - In: Wine Economics and Policy 9 (2020) 2, pp. 49-62
evaluated. Moreover, the methodology is capable of gathering information on the decision-making process that would otherwise …
Persistent link: https://www.econbiz.de/10012510880
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The Empirical Frame of the Decision to Annuitize
Lehmensiek-Starke, Moritz - 2016
Microeconomic theory suggests that annuities are favorable because they ensure a steady path of consumption no matter … about one's subjective prospects of survival should have opposing effects on the decision to annuitize depending on the …
Persistent link: https://www.econbiz.de/10012978762
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A Study of Personal Financial Planning Process and Socio-Economic Decision-Making in Households
Sweety - 2016
financial decisions in a manner that his goals are achieved. The process of financial planning and decision-making in household … Planning process consciously and whether this was linked to household decision-making, especially in the social and economic … areas. This paper also examines gender inequality in household decision-making and how household decision-making evolves …
Persistent link: https://www.econbiz.de/10012986343
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
; individual decision making ; personal finance ; lotteries ; experimental economics …
Persistent link: https://www.econbiz.de/10009631456
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Time preferences and their life outcome correlates : evidence from a representative survey
Horn, Dániel; Kiss, Hubert János - 2019
We collect data on time preferences of a representative sample of the Hungarian population in a non-incentivized way and investigate how patience and present bias associate with important life outcomes in five domains: i) educational attainment, ii) unemployment, iii) income and wealth, iv)...
Persistent link: https://www.econbiz.de/10012009154