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The Resource Credit card borrowing, illiquid assets and self-control problems, Christopher Milde

Credit card borrowing, illiquid assets and self-control problems, Christopher Milde

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The item Credit card borrowing, illiquid assets and self-control problems, Christopher Milde represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
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Creator

Milde, Christopher

Contributor

European University Institute, Department of Economics

Summary: The inclusion of findings from psychology into economics (see e.g. Rabin (1998)) and the increasingly available evidence of deviations from the standard model of behaviour in economics (e.g. DellaVigna (2007)) have given rise to a new sub-discipline of economics, behavioural economics. Behavioural economics studies deviations from the standard economic model in three respects: first, non-standard preferences, second, non-standard beliefs, and third, non-standard decision making. The study of self-control problems can be regarded a subfield of the study of non-standard preferences. A general definition of self-control problems is the inability to stick to a decision or the inability to carry out a plan. This inability might result from time-inconsistent preferences, i.e. preferences that make people judge objectively equivalent trade-offs differently only due to the fact, that they make these judgements at different points in time. The recent years have seen a surge of theoretical literature establishing a theoretical framework for the analysis of self-control problems and applying this framework to many fields (see Frederick et al. (2002), and Chapter 1). Some contributions have also assessed the effect of self-control problems on different outcomes empirically. My thesis is an attempt to contribute to this empirical literature. I try to assess the effect of self-control problems on different outcomes of interest, namely credit card borrowing and saving. After surveying the relevant literature in Chapter 1, I discuss the measurement of self-control problems in Chapter 2. Chapter 3 is an attempt to assess the effect of self-control problems on credit card borrowing and Chapter 4 is an attempt to assess the effect of self-control problems on saving in illiquid assets. I use data from a recent household survey from Australia

Language: eng

Work

Publication

Florence, European University Institute, 2008

Extent: vii, 174 pages

Note: Examining board: Professor Francis Vella, Georgetown University (Supervisor) ; Professor Pascal Courty, EUI ; Professor Michael Haliassos, Goethe University, Frankfurt ; Professor Antoine Bommier, GREMAQ, Université de Toulouse

Link: http://hdl.handle.net/1814/10308

Instance

Label: Credit card borrowing, illiquid assets and self-control problems

Title: Credit card borrowing, illiquid assets and self-control problems

Statement of responsibility: Christopher Milde

Creator

Milde, Christopher

Contributor

European University Institute, Department of Economics

Subject

Credit cards

Language: eng

Summary: The inclusion of findings from psychology into economics (see e.g. Rabin (1998)) and the increasingly available evidence of deviations from the standard model of behaviour in economics (e.g. DellaVigna (2007)) have given rise to a new sub-discipline of economics, behavioural economics. Behavioural economics studies deviations from the standard economic model in three respects: first, non-standard preferences, second, non-standard beliefs, and third, non-standard decision making. The study of self-control problems can be regarded a subfield of the study of non-standard preferences. A general definition of self-control problems is the inability to stick to a decision or the inability to carry out a plan. This inability might result from time-inconsistent preferences, i.e. preferences that make people judge objectively equivalent trade-offs differently only due to the fact, that they make these judgements at different points in time. The recent years have seen a surge of theoretical literature establishing a theoretical framework for the analysis of self-control problems and applying this framework to many fields (see Frederick et al. (2002), and Chapter 1). Some contributions have also assessed the effect of self-control problems on different outcomes empirically. My thesis is an attempt to contribute to this empirical literature. I try to assess the effect of self-control problems on different outcomes of interest, namely credit card borrowing and saving. After surveying the relevant literature in Chapter 1, I discuss the measurement of self-control problems in Chapter 2. Chapter 3 is an attempt to assess the effect of self-control problems on credit card borrowing and Chapter 4 is an attempt to assess the effect of self-control problems on saving in illiquid assets. I use data from a recent household survey from Australia

Member of

EUI PhD theses

Cataloging source: IT-FiEUI

http://library.link/vocab/creatorName: Milde, Christopher

Date time place: Defence date: 5 May 2008

Dissertation note: Thesis (Ph. D.)--European University Institute (ECO), 2008.

Illustrations: illustrations

Index: no index present

Literary form: non fiction

Nature of contents: theses

http://library.link/vocab/relatedWorkOrContributorName: European University Institute

Series statement

EUI PhD theses
EUI theses

http://library.link/vocab/subjectName: Credit cards

Label: Credit card borrowing, illiquid assets and self-control problems, Christopher Milde

Link: http://hdl.handle.net/1814/10308

Instantiates

Credit card borrowing, illiquid assets and self-control problems

Publication

Florence, European University Institute, 2008

Note: Examining board: Professor Francis Vella, Georgetown University (Supervisor) ; Professor Pascal Courty, EUI ; Professor Michael Haliassos, Goethe University, Frankfurt ; Professor Antoine Bommier, GREMAQ, Université de Toulouse

Bibliography note: Includes bibliographical references (pages 168-174)

Carrier category: volume

Carrier category code

Carrier MARC source: rdacarrier.

Content category: text

Content type code

Content type MARC source: rdacontent.

Control code: FIEb13937868

Dimensions: 30 cm.

Extent: vii, 174 pages

Media category: unmediated

Media MARC source: rdamedia.

Media type code

System control number: (OCoLC)1038725814

Label: Credit card borrowing, illiquid assets and self-control problems, Christopher Milde

Link: http://hdl.handle.net/1814/10308

Publication

Florence, European University Institute, 2008

Note: Examining board: Professor Francis Vella, Georgetown University (Supervisor) ; Professor Pascal Courty, EUI ; Professor Michael Haliassos, Goethe University, Frankfurt ; Professor Antoine Bommier, GREMAQ, Université de Toulouse

Bibliography note: Includes bibliographical references (pages 168-174)

Carrier category: volume

Carrier category code

Carrier MARC source: rdacarrier.

Content category: text

Content type code

Content type MARC source: rdacontent.

Control code: FIEb13937868

Dimensions: 30 cm.

Extent: vii, 174 pages

Media category: unmediated

Media MARC source: rdamedia.

Media type code

System control number: (OCoLC)1038725814

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