Subjective Knowledge Differences within Couples Predict Influence over Shared Financial Decisions

IF 2.1 Q3 BUSINESS Journal of the Association for Consumer Research Pub Date : 2023-06-26 DOI:10.1086/726430
J. Olson, Scott I. Rick
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引用次数: 1

Abstract

Romantic partners rarely have equal responsibility for, and equal influence over, their shared financial matters. Intuitively, one might expect the partner with greater financial knowledge to have greater influence. However, unless partners are routinely quizzing each other, they are unlikely to have a precise understanding of each other’s objective financial knowledge (OFK). We document that partner A’s understanding of partner B’s OFK is colored by partner B’s self-perceived OFK (subjective financial knowledge [SFK]). Accordingly, SFK plays an important role in financial decisions that romantic partners jointly navigate. In a survey and an incentive-compatible lab experiment (both with couples), we find that partners’ SFK differences reliably predict their relative influence over shared financial decisions. Partners’ OFK differences generally played a more modest role in those shared decisions. However, when romantic partners individually make financial decisions, OFK plays a more prominent role. Thus, SFK appears to be particularly important in interpersonal contexts.
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夫妻之间的主观知识差异预测共同财务决策的影响
浪漫的伴侣很少对共同的财务事务有同等的责任和影响力。直觉上,人们可能会认为拥有更多财务知识的合伙人会有更大的影响力。然而,除非合伙人经常互相询问,否则他们不太可能对彼此的客观财务知识(OFK)有准确的了解。我们发现,合伙人A对合伙人B的OFK的理解受到合伙人B自我感知的OFK(主观财务知识[SFK])的影响。因此,SFK在情侣共同进行的财务决策中起着重要作用。在一项调查和一项激励兼容的实验室实验中(都是夫妻),我们发现合作伙伴的SFK差异可靠地预测了他们对共同财务决策的相对影响。合作伙伴的OFK差异通常在共同决策中发挥的作用较小。然而,当浪漫的伴侣单独做出财务决定时,OFK扮演着更突出的角色。因此,SFK在人际关系中显得尤为重要。
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来源期刊
Journal of the Association for Consumer Research
Journal of the Association for Consumer Research Economics, Econometrics and Finance-Economics and Econometrics
CiteScore
4.60
自引率
7.70%
发文量
54
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