Working Papers

Rumination and Financial Decision Making among the Poor

Gita Venkataramani Johar, Rachel Meng, and Keith Wilcox

Oct 13, 2016

Why do economically disadvantaged consumers make myopic financial decisions such as overborrowing and taking on harmful loans? This study points to “financial rumination” and tests two strategies for reducing ruminative thinking to improve financial decision making.

By using MSI.org you agree to our use of cookies as identifiers and for other features of the site as described in our Privacy Policy.