Date: April 19 and 20, 2010 Description: The CFS convened researchers, practitioners and policymakers to explore challenges and opportunities in consumers’ financial literacy and stability. The event, “Family Financial Security: Implications for Policy and Practice,” introduced some of the most recent and cutting-edge studies that bring new insights into economic behavior. The symposium addressed three … Continue reading Family Financial Security Symposium
Bhashkar Mazumder
Cognitive Abilities and Household Financial Decision Making
In this paper, presented at the Family Financial Security Symposium in April, 2010, Sumit Agarwal and Bhashkar Mazumder analyzed the impact of cognitive skills on two specific examples of consumer financial decisions where suboptimal behavior is well defined: first, the use of a credit card for a transaction after making a balance transfer on the account, and … Continue reading Cognitive Abilities and Household Financial Decision Making
University of Wisconsin-Madison Center for Financial Security 