借款人愿意支付多少钱来消除围绕抵押贷款违约的不确定性?
Jackson T Anderson1, Scott Gibson2, Kimberly F Luchtenberg3
1Claremont McKenna College, Claremont, CA 91711 USA.
概括
这项研究表明,对模两可的厌恶会根据财务素养不同影响抵押贷款违约解决意愿. 高财务素养的借款人在面对模两可的情况时不那么愿意付款,与低财务素养的借款人不同.
科学领域:
- 行为经济学是一种行为经济学.
- 财务决策的制定方法
- 消费者行为 消费者行为
背景情况:
- 了解抵押贷款违约时的借款人行为对于金融稳定至关重要.
- 区分风险厌恶和模两可的厌恶,可以更深入地了解财务决策.
- 之前的研究往往忽略了抵押贷款违约环境中对模糊性厌恶的细微差别.
研究的目的:
- 评估和区分借款人的风险厌恶和模两可的厌恶水平.
- 确定这些厌恶类型与为抵押贷款违约结算支付意愿之间的关系.
- 探索金融素养对这些关系的调节作用.
主要方法:
- 采用了大量的非学生样本进行了强有力的分析.
- 采用统计方法来区分风险厌恶和模两可的厌恶.
- 在抵押贷款违约和解谈判中分析了支付意愿.
主要成果:
- 对模两可的厌恶与愿意支付高财务素养的借款人的负相关,无论是收益还是损失领域.
- 人格特质显著影响低财务素养的借款人的支付意愿.
- 财务素养作为一个关键的差异化因素,对厌恶程度如何影响和解谈判的意愿.
结论:
- 决策者应根据个人财务素养和厌恶概况实施定制的抵押贷款违约解决策略.
- 认识到对模糊性厌恶的独特影响对于有效的金融政策至关重要.
- 未来的研究应该进一步探索人格特征和财务素养在金融困境中的相互作用.
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