Self-Other Differences in Perceptions of Wealth
We find that a differential focus on debt versus assets leads to more optimistic forecasts about one’s own wealth than about others'. Further, debt tied to purchases plays a larger role in participant judgments of themselves versus other’s wealth. We discuss the relevance of these patterns for borrowing and spending.
Citation:
Rafael Batista, Abigail Sussman, and Jennifer Trueblood (2021) ,"Self-Other Differences in Perceptions of Wealth", in NA - Advances in Consumer Research Volume 49, eds. Tonya Williams Bradford, Anat Keinan, and Matthew Matthew Thomson, Duluth, MN : Association for Consumer Research, Pages: 370-370.
Authors
Rafael Batista, University of Chicago Booth School of Business
Abigail Sussman, University of Chicago Booth School of Business
Jennifer Trueblood, Vanderbilt University
Volume
NA - Advances in Consumer Research Volume 49 | 2021
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