The effect of control priming on irresponsible financial behavior

Debt has reached staggering levels among North Americans. Unfortunately, there is deficiency of research that investigates effective means of helping consumers control their debt. We examine how control priming changes consumers’ irresponsible financial behavior. We show that control priming reduces...

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Veröffentlicht in:Marketing letters 2018-06, Vol.29 (2), p.207-223
Hauptverfasser: Hazzouri, Mohammed El, Main, Kelley J.
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description Debt has reached staggering levels among North Americans. Unfortunately, there is deficiency of research that investigates effective means of helping consumers control their debt. We examine how control priming changes consumers’ irresponsible financial behavior. We show that control priming reduces credit card spending and intentions to take credit card risk. We also demonstrate that consumers who score high on self-esteem are more likely to benefit from control priming while those who score low on self-esteem show a backlash effect.
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subjects Behavior change
Business and Management
Consumer behavior
Consumer credit
Credit cards
Debt management
Marketing
Priming
Self esteem
title The effect of control priming on irresponsible financial behavior
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