Credit card behavior, financial styles, and heuristics

Journal of Business Research

Volumn 67, Issue 8, 2014, Pages 1679-1687

  Shefrin, Hersh ^a   Nicols, Christina M ^b  

^a SANTA CLARA UNIVERSITY   (United States)

^b Ketchum Public Relations   (United States)

Author keywords

Borrowing; Credit cards; Financial literacy; Spending

Indexed keywords

EID: 84901230902     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2014.02.014     Document Type: Article

References (22)

1. Agnew J. Pension participant behavior. Behavioral finance: Investors, corporations and markets 2010, Wiley. Baker, Nofsinger (Eds.).
2. Ameriks J., Caplin A., Leahy J. Wealth accumulation and the propensity to plan. Quarterly Journal of Economics 2003, 118:1007-1047.
3. Benartzi S., Thaler R.H. Heuristics and biases in retirement savings behavior. Journal of Economic Perspectives 2007, 21(3):81-104.
4. Bendor J. Bounded rationality and politics 2010, University of California Press, Berkeley.
5. Bernheim D. Do households appreciate their financial vulnerabilities? An analysis of actions, perceptions, and public policy. Tax policy and economic growth 1995, 1-30. American Council for Capital Formation, Washington, DC.
6. Bernheim D. Financial illiteracy, education and retirement saving. Living with defined contribution pensions 1998, 38-68. University of Pennsylvania Press, Philadelphia. O. Mitchell, S. Schieber (Eds.).
7. Choi S., Kariv S., Müller W., Silverman D. Who is (more) rational?. Working paper 2010, Tilburg University.
8. Gigerenzer G., Gaissmaier W. Heuristic decision making. Annual Review of Psychology 2011, 62(15):1-32.
9. Gigerenzer G., Todd P., the ABC Research Group Simple heuristics that make us smart 1999, Oxford University Press, Oxford.
10. Hilgert M., Hogarth J., Beverly S. Household financial management: The connection between knowledge and behavior. Federal Reserve Bulletin 2003, 309-32.
11. John O.P., Naumann L.P., Soto C.J. Paradigm shift to the integrative big-five trait taxonomy: History, measurement, and conceptual issues. Handbook of personality: Theory and research 2008, 114-158. Guilford Press, New York, NY. O.P. John, R.W. Robins, L.A. Pervin (Eds.).
12. Kahneman D., Slovic P., Tversky A. Judgment under uncertainty: Heuristics and biases 1982, Cambridge University Press, Cambridge.
13. Karlan Dean, Zinman Jonathan "Borrow less tomorrow" behavioral approaches to debt reduction. Working Paper Financial Security Project at Boston College 2012.
14. Levav J., Heitmann M., Herrmann A., Iyengar S. Order in product customization decisions: Evidence from field experiments. Journal of Political Economy 2010, 118(2):274-299.
15. Lusardi A. "Americans' financial capability: Report prepared for the Financial Crisis Inquiry Commission," working paper Dartmouth College and NBER. The findings appear in "Financial Capability in the United States," FINRA Investor Education Foundation, December 2009 2010.
16. Moore Danna "Survey of Financial Literacy in Washington State: Knowledge, Behavior, Attitudes, and Experiences", Technical Report n. 03-39. Social and Economic Sciences Research Center 2003, Washington State University.
17. Mui Ylan Q "Good credit isn't what it used to be. With cardholders more frugal, issuers raise fees for better customers". 2010, The Washington Post, July 22, 2010.
18. Putsis W.P., Dhar R. An empirical analysis of the determinants of category expenditure. Journal of Business Research 2001, 52(3):277-291.
19. Raghubir P., Srivastava J. The denomination effect. Journal of Consumer Research 2009, 36:701-713.
20. Shefrin H., Thaler R.H. The behavioral life-cycle hypothesis. Economic Inquiry 1988, 26(4):609-643.
21. Statman M., Wood V. Investment temperament. Journal of Investment Consulting Summer 2004, 7(1):55-66.
22. Todd P., Gigerenzer G. Précis of Simple Heuristics That Make Us Smart. Behavioral and Brain Sciences 2000, 23:727-780.