Financial Decision Making

Better data, better policy: Distinguishing income poverty and financial stress may promote better temporal decision-making
Better data, better policy: Distinguishing income poverty and financial stress may promote better temporal decision-making

Sep 21, 2026

The persistence of cognitive biases in financial decisions across economic groups
The persistence of cognitive biases in financial decisions across economic groups

Using data from across 27 countries, we find evidence that choices impeded by cognitive biases alone cannot explain why some individuals do not experience upward economic mobility. Policies must combine both behavioral and structural interventions to improve financial well-being across populations.

Jun 1, 2023