Sumit Agarwal|Bhashkar Mazumder
Cognitive Abilities and Household Financial Decision Making
National University of Singapore|Federal Reserve Bank of Chicago
analyze effects cognitive abilities two examples consumer financial decisions suboptimal behavior well defined first example features optimal use credit cards convenience transactions balance transfer second involves financial mistake home equity loan application find consumers higher overall test scores specifically higher math scores substantially less likely make financial mistake mistakes generally associated nonmath test scores jel d14 g21