Three Essays on Financial Decision-Making /

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Bibliographic Details
Author / Creator:Hirshman, Samuel David, author.
Imprint:Ann Arbor : ProQuest Dissertations & Theses, 2020
Description:1 electronic resource (134 pages)
Language:English
Format: E-Resource Dissertations
Local Note:School code: 0330
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12520136
Hidden Bibliographic Details
Other authors / contributors:University of Chicago. degree granting institution.
2020
ISBN:9798557022545
Notes:Advisors: Sussman, Abigail B.; Thaler, Richard H. Committee members: Alex Imas; Oleg Urminsky.
Dissertations Abstracts International, Volume: 82-07, Section: B.
English
Summary:From its beginnings, behavioral economics has been concerned with how people make systematic and costly deviations from financially optimal decisions. In this dissertation I present three articles contributing to that tradition. In chapter one, co-authored with Samuel M. Hartzmark and Alex Imas, I examine how owning an asset biases peoples' learning in response to new information. In chapter two, I examine how biased beliefs interact with preferences to produce one of the most well-studied behavioral anomalies in finance, the disposition effect. In chapter three, coauthored with Abigail B. Sussman, I examine the effects of a ubiquitous choice architecture in credit card debt repayment, minimum required payments.