We initiate the study of naïveté-based discrimination, the practice of conditioning offers on
external information about consumers' naïveté. Knowing that a consumer is naive increases …

A combined measure of financial literacy that includes both a test score of actual financial
literacy and a self‐rating of overall financial literacy is used in this study. We find that the …

This paper examines households' financial fragility by looking at their capacity to come up
with $2,000 in 30 days. Using data from the 2009 TNS Global Economic Crisis survey, we …

Focusing on different façades of financial well-being such as wealth accumulation and
retirement planning, various determinants of financial well-being have been unearthed, and …

How well older households manage their wealth holdings is an important determinant of
their financial security during retirement, yet little is known about their financial decision …

Behavioral law and economics (BLE) has been broadly regarded in recent years as among
the most promising and exciting new developments in public policymaking theory and …

We present a generally applicable theory of focusing based on the hypothesis that a person
focuses more on, and hence overweights, attributes in which her options differ more. Our …

This article presents a global empirical overview of studies on financial behavior in relation
to education, money-saving, and consumption, contributing to research on the Sustainable …

Household financial decisions are complex, interdependent, and heterogeneous, and
central to the functioning of the financial system. We present an overview of the rapidly …

" Nudging"-framing people's choices so as to channel them to better outcomes without
substantively limiting choice-is all the rage,'and perhaps the most popular framing tool is the …