About this document
Consumer Choices in Financial Products by Thương Phạm is a document available to read on EtoBox.
This document summarizes research on factors that influence consumer financial decision making and suboptimal choices. It discusses how consumers make mistakes in choosing credit cards, mortgages, investments, and spending. Specifically, it describes research showing consumers prefer short-term introductory credit card rates over longer, lower rates. It also discusses studies finding present-biased consumers borrow more on credit cards and consumers mistakenly choose higher-rate credit card contracts. The d
- Author
- Thương Phạm
- Language
- EN