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The effect of control priming on irresponsible financial behavior

Author

Listed:
  • Mohammed Hazzouri

    (Mount Royal University)

  • Kelley J. Main

    (University of Manitoba)

Abstract

Debt has reached staggering levels among North Americans. Unfortunately, there is deficiency of research that investigates effective means of helping consumers control their debt. We examine how control priming changes consumers’ irresponsible financial behavior. We show that control priming reduces credit card spending and intentions to take credit card risk. We also demonstrate that consumers who score high on self-esteem are more likely to benefit from control priming while those who score low on self-esteem show a backlash effect.

Suggested Citation

  • Mohammed Hazzouri & Kelley J. Main, 2018. "The effect of control priming on irresponsible financial behavior," Marketing Letters, Springer, vol. 29(2), pages 207-223, June.
    • Handle: RePEc:kap:mktlet:v:29:y:2018:i:2:d:10.1007_s11002-018-9457-6
    DOI: 10.1007/s11002-018-9457-6
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    References listed on IDEAS

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    4. Oaten, Megan & Cheng, Ken, 2007. "Improvements in self-control from financial monitoring," Journal of Economic Psychology, Elsevier, vol. 28(4), pages 487-501, August.
    5. Lea, Stephen E. G. & Webley, Paul & Levine, R. Mark, 1993. "The economic psychology of consumer debt," Journal of Economic Psychology, Elsevier, vol. 14(1), pages 85-119, March.
    6. Bernadette Kamleitner & Berna Erki, 2013. "Payment method and perceptions of ownership," Marketing Letters, Springer, vol. 24(1), pages 57-69, March.
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