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Expense Neglect in Forecasting Personal Finances
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Material Type |
Article
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Author(s) |
Berman, Jonathan Z. (Author)
Tran, An T.K. (Author)
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Source Journal Info. |
Title:
JMR, Journal of Marketing Research
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Volume/ Issue No.: 2016/AUG V.53 N.4
Call No.:658.8305 JMR Location: Periodicals & References Hall - 2nd floor
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Physical Description |
p 535-550
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Subject Area/ Descriptors |
Marketing
(2255)
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Abstract |
This article examines how consumers forecast their future spare money, or “financial slack.” Although consumers generally think that both their income and expenses will rise in the future, they underweight the extent to which their expected expenses will cut into their spare money, a phenomenon the authors term “expense neglect.” The authors test and rule out several possible explanations for this phenomenon and conclude that expense neglect is due in part to insufficient attention toward expectations...
Full Abstract
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Journal:
JMR, Journal of Marketing Research
(354)
Issu: 2016/AUG V.53 N.4
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