Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - Center for Financial Studies - 2005
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Keywords: Consumption-Saving, Borrowing, Consumer Finance, Consumer Credit, Credit
Cards, Banking
* The authors … Reserve Board, 2005).
The stakes involved in making optimal consumer-credit decisions are therefore
potentially quite large … consumer decision-making in an important market
context, consumer credit.
We find that on average consumers chose the credit …