Behavioral Biases in Household Financial Decision-Making

In 2010, Associate Professor Victor Stango was awarded over $130,000 to study how behavioral biases correlate with each other in the population at large and how they interact in everyday financial decision-making. 

With support from the Russell Sage Foundation, Stango, Jonathan Zinman from Dartmouth College and Joanne Su-Yin Yoong from the RAND Corporation will conduct a study that measures correlations like these by embedding diagnostic tests for approximately fifteen prominent behavioral biases in two nationally representative, web-based consumer survey panels: the RAND Corporation’s American Life Panel, and the Ultimate Consumer Panel maintained by Lightspeed Research.

Read more about the study.