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Published in 2020 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2020.08.002
Abstract: Using high-frequency transaction-level income, spending, balances, and credit limits data from an online financial service, we show that many consumers fail to stick to their self-set debt paydown plans and argue that this behavior is…
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Keywords:
present bias;
sticking plan;
role present;
bias ... See more keywords