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2013 Conference

del 10 al 12 de April del 2013

The Benson Hotel, Portland, Oregon

This section lists poster sessions as well as concurrent sessions by day, time, and room. Concurrent sessions have multiple presentations. You may search by title, author names, or keyword. A Schedule-at-a-Glance is posted on the Website and will provide the overview. This is the detail.

Cognitive Bias and Mood Bias in Risky Credit Card Behavior

jueves, el 11 de abril de 2013 a las 16:15–17:45 PDT
Oxford Room (Breakout Session C)
Major Area of Focus

Financial Services

Secondary area of focus

Financial Services

Short Abstract

This study investigated the associations of cognitive bias factors (i.e., time preference, goal expectation, unrealistic optimism, and overconfidence) and negative mood (i.e., anxiety) with credit card borrowing behavior of college students. Data were collected from a panel of students (N=1,146) during their fourth year of college. Results showed a positive association between three cognitive bias factors (i.e., goal expectation, unrealistic optimism, and overconfidence) and risky credit card borrowing behavior.  The findings also show that negative mood was positively related to risky credit card borrowing behavior. In addition, anxiety interacted with time preference and future income such that present oriented time preference was negatively related to credit borrowing behavior while future income was positively related to credit borrowing behavior but only for those students with high anxiety levels. The findings of this study for understanding and preventing risky financial behavior are discussed.

Corresponding Author

[photo]
Sun Young Ahn, University of Arizona
Job Title

Doctoral Student

City & State (or Province & Country)

Arizona

Additional Authors

[photo]
Ya-Hui Kuo, University of Arizona
Job Title

Doctoral Student

City & State (or Province & Country)

Arizona

[photo]
Dr. Joyce Serido, Ph.D., The University of Arizona
Job Title

Assistant Research Professor

City & State (or Province & Country)

Arizona

[photo]
Soyeon Shim, Ph.D, University of Wisconsin-Madison
Job Title

Dean

City & State (or Province & Country)

Wisconsin

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