1 option
The Ostrich in Us: Selective Attention to Financial Accounts, Income, Spending, and Liquidity / Arna Olafsson, Michaela Pagel.
- Format:
- Book
- Author/Creator:
- Olafsson, Arna.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w23945.
- NBER working paper series no. w23945
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Ostrich in Us
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2017.
- Summary:
- We analyze attention to personal financial accounts using panel data that includes logins, spending, income, balances, and credit limits. We find that income arrivals cause individuals to log in and that attention is positively correlated with cash holdings and liquidity, is negatively correlated with consumer debt holdings, and increases when bank account balances change from negative to positive. We discuss how our findings relate to theories of rational and selective inattention and conclude that ostrich effects in a personal finance context, i.e., the fear of paying attention to bank account balances, is a more widespread phenomenon than previously thought.
- Notes:
- Print version record
- October 2017.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.