Resources for Credit and Behavioral Economics

Deborah Kozdras dkozdras@usf.edu USF Stavros Center http://stavros.coedu.usf.edu

http://tinyurl.com/StavrosCredit

Workshop funded by:

Why did I do that?

http://floridafinancialliteracy.weebly.com/credit.html

Habits (Heuristics) & Biases

Fruit Vs. Chocolate(Read and van Leeuwen, 1998)

• Deciding today, would you choose fruit or chocolate for next week?

• 74% choose fruit• Deciding today, would

you choose fruit or chocolate for today?

• 70% choose chocolate

Framing

Predatory Lending

An Apple or a Donut?