This paper reviews psychological studies of real‐life use of credit, debt, and
overindebtedness, with the aim of making policy recommendations that could reduce the …

In recent years, the concept of mental accounting has been widely used in the literature to
investigate its influence on decision-making processes related to savings, investment, debt …

Our paper contributes to the literature on the causes of the 2007–2008 financial crisis in the
United States. By means of an agent-based model, we replicate an artificial credit-network …

One in five consumer credit accounts incurs late fees each quarter. Evidence on the efficacy
of regulations to improve behavior through enhanced disclosure of financial product …

Product returns incur a substantial financial loss for retailers. We demonstrate how, when,
and why cross‐selling during the product returns process can reduce this loss in revenue …

The context surrounding a consumer decision, such as one's overall budget available for
purchases, can exert a strong effect on the subjective value of a product. Across three eye …

We provide evidence of the existence of debt aversion and its negative implications for
financial decisions. In a new experimental design where subjects are assigned debt …

Purpose The purpose of this paper is to investigate a farm manager's personal
characteristics (personality, age, education, objectives, experience, etc.) as drivers of debt …

The Council of Economic Advisers, an agency within the Executive Office of the President, is
charged with offering the President objective economic advice on the formulation of both …

Recent research has aimed to understand how people consider financial decisions because
they have important consequences for well‐being. Yet existing research has largely failed to …