Research in consumer psychology is essential for developing a deep understanding of how consumers make financial decisions as well as for creating solutions to improve this process. Fortunately, there has been substantial growth in research in this area among consumer behavior scholars in recent...

Unpredictable income poses a significant threat to economic stability for many U.S. households. While budgeting may help to mitigate some of the negative effects of unpredictable income, the process of budgeting can also be more challenging under such circumstances. This paper presents new...

How can changes in degrees of group affiliation or identity change one’s decision to cooperate or defect in a dilemma? According to the logic of appropriateness, decision changes result from changes in answer to the question, “what does a person like me do in a situation like this?” In two...

In two studies, time preferences for financial gains and losses at delays of up to 50 years were elicited using three different methods: matching, fixed-sequence choice titration, and a dynamic ``staircase'' choice method. Matching was found to create fewer demand characteristics and to produce...

Intertemporal trade-offs are inherent in most choices, and are especially salient in environmental decisions. Although psychology, anthropology, and economics each offer unique insights and findings on the mental and social processes underlying the evaluation of future events, each discipline...