Habitually Consistent, Contextually Inconsistent: Dispositional and Contextual Determinants of Financial Decisions

Manoj Thomas , Cornell University, USA
Joowon Park , Cornell University, USA
Important financial decisions are influenced by the interplay of innate dispositions towards money and framing of options. Chronic pain of payment can induce people to prepay their loans and save money. But the effect of pain of payment is contingent on the framing of options.
[ to cite ]:
Manoj Thomas and Joowon Park (2011) ,"Habitually Consistent, Contextually Inconsistent: Dispositional and Contextual Determinants of Financial Decisions ", in NA - Advances in Consumer Research Volume 39, eds. Rohini Ahluwalia, Tanya L. Chartrand, and Rebecca K. Ratner, Duluth, MN : Association for Consumer Research, Pages: 148-149.