Cognitive Abilities and Household Financial Decision Making
研究了认知能力对信用卡使用和房屋净值贷款申请中金融错误的影响，发现数学成绩高的消费者更少犯错。
We analyze the effects of cognitive abilities on two examples of consumer financial decisions where suboptimal behavior is well defined. The first example features the optimal use of credit cards for convenience transactions after a balance transfer and the second involves a financial mistake on a home equity loan application. We find that consumers with higher overall test scores, and specifically those with higher math scores, are substantially less likely to make a financial mistake. These mistakes are generally not associated with nonmath test scores.