Showing 141 - 150 of 67,460
This paper examines heterogeneity in the responsiveness to default options in a large state retirement plan, focusing on individuals’ decision-making approaches as well as their economic and demographic characteristics. Using a survey of plan participants, we find that procrastination and the...
Persistent link: https://www.econbiz.de/10011170274
We explore the relationship between household finances and personality traits from an empirical perspective. Specifically, using individual level data drawn from the British Household Panel Survey, we analyse the influence of personality traits on financial decision-making at the individual...
Persistent link: https://www.econbiz.de/10009368552
Understanding the decisional phenomenon in the modern capital markets is impossible nowadays without the psychological component of the investor’s attitude. A large number of the behavioural finance theories are based on a limited number of psychological biases, in order to build the...
Persistent link: https://www.econbiz.de/10008556685
Using a unique dataset matched at the individual level from two administrative sources, we examine household choices between liabilities and assess the informational content of prime and subprime credit scores in the consumer credit market. First, more specifically, we assess consumers'...
Persistent link: https://www.econbiz.de/10005710148
We review the theoretical and empirical literature on commitment devices.A commitment device is any arrangement, entered into by an individual, with the aim of making it easier to fulfill his or her own future plans. We argue that there is growing empirical evidence supporting the proposition...
Persistent link: https://www.econbiz.de/10008537310
An increasing number of households in Northern Ireland has started to collect oil stamps in recent years - i.e. small pieces of paper which can be purchased at specified outlets, collected on an oil stamps savings card, and used to pay in full or part for one's oil bill. In this paper, we...
Persistent link: https://www.econbiz.de/10009421778
In randomized field experiments, we embedded one- to two-sentence anchoring, goal-setting, or savings threshold cues in emails to employees about their 401(k) savings plan. We find that anchors increase or decrease 401(k) contribution rates by up to 1.9% of income. A high savings goal example...
Persistent link: https://www.econbiz.de/10009493271
While commitment devices such as defaults and direct deposits from wages have been found to be highly effective to increase savings, they are unavailable to the millions of people worldwide who not have a formal wage bill. Self-help peer groups are an alternative commitment device that is...
Persistent link: https://www.econbiz.de/10009646295
Our survey found that the Hungarian public considers bank cards to be the most secure electronic payment instrument. The positive perception of the bank card ranks immediately behind the perceived security of traditional payment instruments: the yellow cheque and cash. Nevertheless, one of the...
Persistent link: https://www.econbiz.de/10010598195
Calismanin amaci, Norvilitis, Szablicki, ve Wilson (2003) tarafindan gelistirilen Finansal Iyilik Hali Olcegi’nin (FIHO), universite ogrencileri uzerinde gecerlik ve guvenirligini incelemektir. Bu calismada FIHO 246 universite ogrencisine uygulanmis ve olcut gecerligini sinamak amaciyla Kredi...
Persistent link: https://www.econbiz.de/10010540689