Credit card spending limit and personal finance: system dynamics approach
نویسندگان
چکیده
منابع مشابه
Analysis of Spending Pattern on Credit Card Fraud Detection
Credit card is one of the convenient way of payment in online shopping. In this on line shopping, payment is made by giving information like card no, security code , expiration date of the Credit card etc . To rectify the risk factors of using the credit card, every card holder’s spending method is modeled by using HMM. By using this authenticated security check the information of transaction i...
متن کاملThe Art of Spending and Recommendations in Personal Finance
Happiness is one of the most important aspects of human lives, yet the literature on emotional well-being indicates that people often fail to correctly anticipate the hedonic consequences of future events. As a result, individuals end up being not as happy as they thought they would be. This phenomenon also applies to the domain of personal finance where people make bad decisions about purchase...
متن کاملAn Anonymous Credit Card System
Credit cards have many important benefits; however, these same benefits often carry with them many privacy concerns. In particular, the need for users to be able to monitor their own transactions, as well as bank’s need to justify its payment requests from cardholders, entitle the latter to maintain a detailed log of all transactions its credit card customers were involved in. A bank can thus b...
متن کاملLeave Home Without It? The Effects of Credit Card Debt and Available Credit on Spending
This research examines how credit card debt affects consumer spending. In five experimental and field studies, the authors demonstrate that outstanding credit card debt increases spending for consumers with high self-control. They also show that this effect can be eliminated by increasing the available credit on the credit card. Thus, when the available credit is low, consumers with greater sel...
متن کاملThe Effect of Credit on Spending Decisions: The Role of the Credit Limit and Credibility
The objective of the present research is to study consumer decisions to utilize a line of credit. The life-cycle hypothesis from economics argues that consumers should intertemporally reallocate their incomes over their life stream to maximize lifetime utility. One form of intertemporal allocation is to use past income (in the form of savings) in the future. A second form is the use of future i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Croatian Operational Research Review
سال: 2014
ISSN: 1848-0225,1848-9931
DOI: 10.17535/crorr.2014.0027