Bertrand is from the Booth School of Business at the University of Chicago, NBER, CEPR, and IZA. Morse is from the Booth School of Business at the University of Chicago. We thank the Initiative on Global Markets at the University of Chicago, the National Poverty Center at the University of Michigan, the Templeton Foundation, the William Ladany Memorial Faculty Research Fund, the Center for Research on Security Prices, and the Stigler Center for financial support. We also thank a number of people for helpful comments, including John Caskey, Shawn Cole, Todd Gormley, Victoria Ivashina, AnnaMaria Lusardi, Tavneet Suri, Jeremy Tobacman, Peter Tufano, John Zinman, and seminar or conference participants at Booth School of Business, the CEPR-Gerzensee Asset Pricing Week, Copenhagen Business School, the University of Illinois at Chicago, the European Finance Association Summer Meetings, the FDIC-JFSR Bank Research Conference, the Federal Trade Commission, the Milton Freidman Conference on Finance and Development, the National Poverty Center Spring 2009 Conference, the NBER Summer Institute in Corporate Finance, the NBER Behavioral Finance Group, the NBER Household Finance Group, the Norwegian School of Management, the Philadelphia Federal Reserve Conference on Recent Developments in Consumer Credit and Payments, the Stockholm School of Economics, and Wharton.
Information Disclosure, Cognitive Biases, and Payday Borrowing
Version of Record online: 14 NOV 2011
© 2011 the American Finance Association
The Journal of Finance
Volume 66, Issue 6, pages 1865–1893, December 2011
How to Cite
BERTRAND, M. and MORSE, A. (2011), Information Disclosure, Cognitive Biases, and Payday Borrowing. The Journal of Finance, 66: 1865–1893. doi: 10.1111/j.1540-6261.2011.01698.x
- Issue online: 14 NOV 2011
- Version of Record online: 14 NOV 2011
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