Understanding consumer financial behavior : money management in an age of financial illiteracy

Author

• Raaij, W. Fred Van

Additional Author(s)

-

Publisher

London: Palgrave Macmillan, 2016

Language

English

ISBN

9781137544247

Series

Subject(s)

• CONSUMER BEHAVIOR-PSYCHOLOGICAL ASPECTS
• FINANCE, PERSONAL-PSYCHOLOGICAL ASPECTS

Notes

. Bibliography: p. 247-273. Index: p. 275-285

Abstract

Government policies, marketing campaigns of banks, insurance companies, and other financial institutions, and consumers' protective actions all depend on assumptions about consumer financial behavior. Unfortunately, many consumers have no or little knowledge of budgeting, financial products, and financial planning. It is therefore important that organizations and market authorities know why consumers spend, borrow, insure, invest, and save for their retirement - or why they do not. Understanding Consumer Financial Behavior provides a systemic economic and behavioral approach to the way people handle their finances. It discusses the different types of financial behaviors consumers may engage in and explores the psychological explanations for their behavior and choices. This exciting new book is essential reading for scholars of marketing, finance, and management; financial professionals; and consumer policy makers.

Physical Dimension

Number of Page(s)

xvi, 285 p.

Dimension

24 cm.

Other Desc.

-

Summary / Review / Table of Content

Money management --
Saving behavior --
Credit behavior and debt problems --
Insurance and prevention behavior --
Pension plans and retirement plans --
Investment behavior --
Tax behavior : compliance and evasion --
Victims of financial fraud --
Responsible financial behavior --
Individual differences and segmentation --
Confidence and trust --
Loss aversion and reference points --
Risk preference --
Time preference --
Decision making, decision architecture, and defaults --
Self-regulation.

Exemplar(s)

#	Accession No.	Call Number	Location	Status
1.	03588/16	332.024 Raa U	Library - 7th Floor	Available