The Psychology of Borrowing and Lending

The Psychology of Borrowing and Lending

What happens when finance mixes with friendship? We investigate the negative consequences of lending money between friends. Lenders' (dis)satisfaction is driven by lenders' inflated expectations of control over borrowers' spending decisions, as well the specific nature of the borrower...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Goldstein, Noah J, Angulo, Ashley N, Norton, Michael
Format: Tagungsbericht
Sprache:eng
Schlagworte:
Borrowing
Consumer behavior
Consumer spending
Friendship
Lending
Studies
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Beschreibung
Zusammenfassung:What happens when finance mixes with friendship? We investigate the negative consequences of lending money between friends. Lenders' (dis)satisfaction is driven by lenders' inflated expectations of control over borrowers' spending decisions, as well the specific nature of the borrowers' purchases (hedonic versus utilitarian) with the loaned funds.
ISSN:0098-9258