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- W4361198591 abstract "Research in consumer psychology is essential for developing a deep understanding of how consumers make financial decisions as well as for creating solutions to improve this process. Fortunately, there has been substantial growth in research in this area among consumer behavior and behavioral economics scholars in recent years, including in areas such as budgeting, spending, saving, investing, and borrowing and repaying credit card debt. The aim of the current chapter is to provide an overview of some of the most exciting developments in this area over the last decade that advance our understanding of the psychology underlying financial decisions. Key concepts we examine as influencing financial decisions include categorization, goals and motivation, choice architecture and nudges, social context, wealth perceptions, financial literacy, financial well-being and financial scarcity. In addition, we provide a call to action and roadmap for future research in the area." @default.
- W4361198591 created "2023-03-31" @default.
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- W4361198591 date "2023-04-06" @default.
- W4361198591 modified "2023-10-18" @default.
- W4361198591 title "Consumer Financial Decision-Making" @default.
- W4361198591 doi "https://doi.org/10.1017/9781009243957.006" @default.
- W4361198591 hasPublicationYear "2023" @default.
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