CFDM News

Distinguished Professor John Lynch Receives the 2021 CBSIG (Consumer Behavior Special Interest Group) Lifetime Achievement Award

Anonymous — Tue, 05 Jan 2021 18:47:48 +0000

Distinguished Professor John Lynch Receives the 2021 CBSIG (Consumer Behavior Special Interest Group) Lifetime Achievement Award Anonymous (not verified) Tue, 01/05/2021 - 11:47

We're thrilled to congratulate Distinguished Professor John Lynch on receiving the 2021 CBSIG (Consumer Behavior Special Interest Group) Lifetime Achievement Award, which honors a marketing scholar who has contributed significantly to the field of Consumer Research.

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Leeds Professors Gallagher and Billings Cited in Articles on Disasters Relief

Anonymous — Sun, 20 Sep 2020 23:57:10 +0000

Leeds Professors Gallagher and Billings Cited in Articles on Disasters Relief Anonymous (not verified) Sun, 09/20/2020 - 17:57

A recent article on the website Mother Jones and a piece published by the Center for Public Integrity address the challenges survivors of natural disasters from low-income areas face. And specifically when attempting to access fedral relief resources. Both pieces cite a study published by Leeds' Professors Emily Gallagher and Stephen Billings that document inequalities in disaster relief support after Hurrican Harvey in Houston. For example, their research found inequalities for lower-income residents in access to federal disaster assistance and loans accompanied by a significant rise in their bankruptcy rates.

The article from Mother Jones on ineqaulities in disaster relief here and the article published by the Center for Public Integrity and through the Texas Tribune titled "Disasters are driving a mental health crisis" offers that "In one study, researchers at the ��񱦵� and the Federal Reserve Bank of St. Louis found that bankruptcy rates in Houston after Harvey rose nearly 30 percent for flooded low-income households while remaining flat—or even declining—for flooded higher-income households. Emily Gallagher, a finance professor who co-authored the study, attributed that to the fact that those same low-income areas — as well as majority Black and Hispanic neighborhoods — were also less likely to secure federal disaster aid."

Read the full study "Let the Rich Be Flooded: The Unequal Impact of Hurricane Harvey on Household Debt" here.

Additional co-author of this study - Lowell Ricketts of the Federal Reserve Banks of St. Louis.

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Vice Cites Professors Gallagher and Billings Research on Inequalities in Disaster Relief

Anonymous — Sun, 20 Sep 2020 21:50:16 +0000

Vice Cites Professors Gallagher and Billings Research on Inequalities in Disaster Relief Anonymous (not verified) Sun, 09/20/2020 - 15:50

A recent article on Vice.com cites Leeds faculty members Emily Gallagher and Stephen Billings, along with Lowell Ricketts, an analyst at the Federal Reserve Bank of St. Louis. According to the article, their research on Hurrican Harvey "provided an opportunity to better understand how flooding altered the lives of American families of various socioeconomic positions."

Read more at https://www.vice.com/en_us/article/jge34g/the-american-disaster-relief-system-is-broken?utm_campaign=sharebutton

Additional co-author of this study - Lowell Ricketts of the Federal Reserve Banks of St. Louis.

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A High-Stakes Divorce Illustrates How the Rich Play Real-Estate Tug of War

Anonymous — Thu, 09 Apr 2020 20:59:12 +0000

A High-Stakes Divorce Illustrates How the Rich Play Real-Estate Tug of War Anonymous (not verified) Thu, 04/09/2020 - 14:59

Leeds' Senior Associate Dean for Faculty and Research and Distinguished Professor John Lynch cited in recent Wall Street Journal article on household financial decision making.

Read the full story at the Wall Street Journal

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Teaching people about money doesn’t seem to make them any smarter about money – here’s what might.

Anonymous — Sat, 27 Oct 2018 21:30:16 +0000

Teaching people about money doesn’t seem to make them any smarter about money – here’s what might. Anonymous (not verified) Sat, 10/27/2018 - 15:30

Making financial decisions is hard, but three promising ideas are helping Americans overcome barriers

If the average American went in for a financial checkup, he or she might get rushed to the emergency room. Forty-four percent of us can’t cover a $400 out-of-pocket expense, and 52% of American households have no retirement savings. We seem to be chronically poor at making financial decisions. We commit costly mistakes across all areas of personal finance including decisions about savings, investing, budgeting and borrowing.

This article co-authored by Leeds Associate Professor Philip Fernbach is published on Market Watch.

Professor Fernbach's research studies how people think, and he applies insights from his research to improve public discourse and help consumers and managers make better decisions.

Read full article here

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Do Financial Literacy Courses Work?

Anonymous — Tue, 28 Aug 2018 21:09:56 +0000

Do Financial Literacy Courses Work? Anonymous (not verified) Tue, 08/28/2018 - 15:09

The classroom is where many Americans learn to read, write, perform arithmetic and speak a foreign language. So can it also be the place where they master important financial concepts such as how to manage debt, improve credit, take out student loans and plan for retirement? This US News and World Report article features a quote from Leeds' Senior Associate Dean for Faculty and Research and Distinguished Professor John G. Lynch Jr. and highlights his research on financial literacy.

Read the full article on financial literacy here

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The Washington Post cites Professors Bernstein and Lewis's research on rising tides and housing markets

Anonymous — Wed, 22 Aug 2018 13:40:40 +0000

The Washington Post cites Professors Bernstein and Lewis's research on rising tides and housing markets Anonymous (not verified) Wed, 08/22/2018 - 07:40

The Washington Post recently published an article featuring a study by ��񱦵� and Pennsylvania State University researchers where they found homes vulnerable to the effects of sea level rise (SLR) sold for 6.6 percent less than unexposed homes. Research conducted by Leeds professors Asaf Bernstein and Ryan Lewis, in collaboration with Penn State University Professor Matthew Gustafson, demonstrates that the most vulnerable properties—those that stand to be flooded after seas rise by just one foot—sold at a 14.7 percent discount. Read the full article on how the sea level rise (SLR) is already costing property owners on the coast.

Photo by Edgar Chaparro on Unsplash

The Washington Post recently published an article featuring a study by ��񱦵� and Pennsylvania State University researchers

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The idea of ‘investing in what you know’ is more dangerous than you think

Anonymous — Wed, 18 Jul 2018 21:31:30 +0000

The idea of ‘investing in what you know’ is more dangerous than you think Anonymous (not verified) Wed, 07/18/2018 - 15:31

A recent study by Andrew Long (University of Colorado-Boulder), Philip Fernbach (University of Colorado-Boulder) and Bart De Langhe (ESADE — Ramon Llull University) in the Journal of Marketing Research is highlighted in an opinion piece published on Market Watch. The article addresses the shortcoming of what we believe we know about a buisiness and how that translates into financial and investing pitfalls. The article is founded on the study Circle of Incompetence: Sense of Understanding as an Improper Guide to Investment Risk by Long, Fernbach and De Langhe.

Read the full article here

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Why Your Long-Term Relationship May Be Harming Your Financial Literacy.

Anonymous — Thu, 14 Jun 2018 21:07:40 +0000

Why Your Long-Term Relationship May Be Harming Your Financial Literacy. Anonymous (not verified) Thu, 06/14/2018 - 15:07

Research co-authored by Leeds' Senior Associate Dean for Faculty and Research and Distinguished Professor John G. Lynch Jr highlights the challenges of financial literacy in personal relationships. The study On a Need-to-Know Basis: How the Distribution of Responsibility Between Couples Shapes Financial Literacy and Financial Outcomes by Adrian F Ward and John G Lynch, Jr r was recently cited by the US News & World Report in an article on financial literacy between couples.

Read the full article here

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Married? Both Partners Needs Money Skills

Anonymous — Fri, 18 May 2018 21:14:46 +0000

Married? Both Partners Needs Money Skills Anonymous (not verified) Fri, 05/18/2018 - 15:14

Research from Leeds' Senior Associate Dean for Faculty and Research and Distinguished Professor John Lynch cited in recent article on financial decision making. There’s a new culprit to blame for financial illiteracy among some older Americans: the length of their marriage. A paper recently published by the Journal of Consumer Research finds that the longer a couple stay together, the greater the difference between the partners’ knowledge of finances and ability to make good money decisions.

Read full article here

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