Exploiting Naïvete about Self-Control in the Credit Market

By Paul Heidhues, B. Kőszegi. 2010

444 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/7a83034b2238618d78aa7f2812085c6af1d3eb22

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Citations in the corpus

Household Debt: Facts, Puzzles, Theories, and Policies (2015, background): “…brought little evidence to bear on these debates; again, this market has received scant researcher attention relative to its economic importance.15 A common thread through mortgage, vehicle, and student loan markets is the tight bundling of debt and a durable purchase (this is also true of many…”
A Reduced-Form Approach to Behavioral Public Finance (2012, background): “Second, in consumer finance, there has been an intense focus on how mistakes by consumers can translate into poor choice of credit, savings, or other financial products (Heideus & Koszegi 2010).”
Regulating Consumer Financial Products: Evidence from Credit Cards* (2015, unknown): “…2012; Han, Keys and Li, 2013; Mian, Rao and Sufi, 2013), and the debate about regulating consumer financial products (Campbell, 2006; Gabaix and Laibson, 2006; Bar-Gill and Warren, 2008; Mullainathan, Barr and Shafir, 2009; Cooley et al., 2009; Heidhues and Kőszegi, 2010; Campbell et al., 2011).”
Financial Literacy, Present Bias and Alternative Mortgage Products (2017, unknown): “Is there evidence to validate that responses to this question elicit present bias, or might it capture some other individual behavioral trait? The existing literature shows, both theoretically and empirically, that present bias induces higher levels of credit card debt and lower savings (Laibson et ”
Defaults and Donations: Evidence from a Field Experiment (2019, background): “…consumers demonstrate that aggregate outcomes can be affected when consumers make mistakes or are time-inconsistent (see, e.g., Laibson and Yariv 2007, Gabaix and Laibson 2006, DellaVigna and Malmendier 2004, Heidhues and Kőszegi 2010, Heidhues et al. 2014, and Heidhues and Kőszegi 2014).”
Meta-Analysis of Present-Bias Estimation using Convex Time Budgets (2019, background): “A significant 1 See, for example, O’Donoghue and Rabin (1999; 2001), Gruber and Kőszegi (2001), DellaVigna and Malmendier (2006), and Heidhues and Kőszegi (2010) for applications of (naı̈ve) present-biased preferences, and O’Donoghue and Rabin (2015) for a short overview.”
Microcredit Under the Microscope: What Have We Learned in the Past Two Decades, and What Do We Need to Know? (2013, background): “Heidhues & Koszegi (2010) discuss the repayment decisions of naïve consumers with self-control problems.”
Self-Control, Financial Literacy and Consumer Over-Indebtedness (2012, background): “Studies in the theoretical literature have commonly cited self-control problems as a possibleexplanationforhighlevelsofcreditcardborrowing(Fehr,2002;Heidhues&Koszegi,2010;Laibson,1997).”