Cookies?
Library Header Image
LSE Research Online LSE Library Services

Influencing financial behavior: from changing minds to changing contexts

Dolan, Paul and Elliott, Antony and Metcalfe, Robert and Vlaev, Ivo (2012) Influencing financial behavior: from changing minds to changing contexts. Journal of Behavioral Finance, 13 (2). pp. 126-142. ISSN 1542-7560

Full text not available from this repository.

Identification Number: 10.1080/15427560.2012.680995

Abstract

This article reviews interventions that are effective in changing behaviours in ways that enhance financial capability. Traditionally, behavior change has been seen through the lens of "changing minds": if we can change the way people think-their beliefs, attitudes, and goals-then we can change the way they behave. More recent developments in behavioral theory show that "changing contexts" can have a powerful effect on behavior: we can change behavior by sometimes quite subtle changes to the environment or context within which decisions are made. We focus largely on the influence of context and provide examples from current UK banks that have changed the "choice architecture" of their products.

Item Type: Article
Official URL: http://www.tandfonline.com/loi/hbhf20
Additional Information: © 2012 The Institute of Behavioral Finance
Subjects: H Social Sciences > HG Finance
Sets: Departments > Social Policy
Date Deposited: 12 Nov 2012 15:17
Last Modified: 12 Nov 2012 15:17
URI: http://eprints.lse.ac.uk/id/eprint/47377

Actions (login required)

View Item View Item