Cognitive Abilities and Household Financial Decision Making

This paper explores how different dimensions of cognitive aptitude affect the likelihood of financial mistakes. Two large field databases are used to show that particular forms of cognitive ability matter for specific types of suboptimal behaviors. Implications for an understanding of the factors that lead to long-term economic success are discussed.



Citation:

Sumit Agarwal and Bhashkar Mazumder (2011) ,"Cognitive Abilities and Household Financial Decision Making", 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: 179.

Authors

Sumit Agarwal, Federal Reserve Bank of Chicago, USA
Bhashkar Mazumder, Federal Reserve Bank of Chicago, USA



Volume

NA - Advances in Consumer Research Volume 39 | 2011



Share Proceeding

Featured papers

See More

Featured

O10. Individual Differences in Consumers' Need For Cognition and Affect: A Neuromarketing Study Using Voxel-Based Morphometry

Jianping Huang, Tsinghua University
Yang Sun, Tsinghua University
Jie Sui, University of Bath, UK
Xiaoang Wan, Tsinghua University

Read More

Featured

Metaphorically Transgressing the Brand Relationship

Alberto Lopez, Tecnológico de Monterrey, MEXICO
Martin Reimann, University of Arizona, USA
Raquel Castaño, Tecnológico de Monterrey, MEXICO

Read More

Featured

Mediation as a Multi-Dimensional Process of Brand-Related Interaction

Serena Wider, Copenhagen Business School
Andrea Lucarelli, Lund University
Sylvia Wallpach, Copenhagen Business School

Read More

Engage with Us

Becoming an Association for Consumer Research member is simple. Membership in ACR is relatively inexpensive, but brings significant benefits to its members.