From Intuition to Insolvency: Intuitive Decision Makers End Up More Financial Constrained

Are consumers better off relying on their intuitions to make financial choices? Using a unique longitudinal dataset, we measure the impact of adolescent decision-making style on financial wellbeing in adulthood (12-15 years later). We find that relying on "gut feelings" when making decisio...

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Bibliographic Details
Main Authors: Olivola, Christopher Y, DeNeve, Jan-Emmanuel
Format: Conference Proceeding
Language:English
Subjects:
Consumer behavior
Decision making
Studies
Teenagers
Online Access:Get full text
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Summary:Are consumers better off relying on their intuitions to make financial choices? Using a unique longitudinal dataset, we measure the impact of adolescent decision-making style on financial wellbeing in adulthood (12-15 years later). We find that relying on "gut feelings" when making decisions negatively predicts financial wellbeing.
ISSN:0098-9258