Household Financial Decision-Making: Miscalibration, Mortality, Emotion, and Culture

Authors

  • Elisabeth Sinnewe Queensland University of Technology

DOI:

https://doi.org/10.61190/cv493773

References

Australian Taxation Office (2026). Highlights: SMSF quarterly statistical report December 2025, available at: https://www.ato.gov.au/individuals-and-families/super-for-individuals-and-families/self-managed-super-funds-smsf/smsf-newsroom/highlights-smsf-quarterly-statistical-report-december-2025, viewed 27 March 2026.

Caplin, A. & Leahy, J. (2001). Psychological expected utility theory and anticipatory feelings. The Quarterly Journal of Economics, 116(1): 55-79.

Colbeck, R., D’Alessandro, S. & Minas J. (2026). Using the four-quadrant model of think/feel/fast/ slow to understand the decision-making of self-managed superannuation fund trustees, Financial Services Review 34(1): 43-69.

Craft, A., Brimble, M., Cull, M., MacDonald, K. & Hunt, K. (2025). Practice-based knowledge perspectives of cultural competence in Australian financial advice. Financial Planning Research Journal 11(1): 1-25.

Fernandes, D., Lynch Jr, J.G. & Netemeyer, R.G. (2014). Financial literacy, financial education, and downstream financial behaviors. Management Science 60(8): 1861-1883.

Grable, J. & Lytton, R.H. (1999). Financial risk tolerance revisited: the development of a risk assessment instrument. Financial Services Review 8(3): 163-181.

Kaiser, T., Lusardi, A., Menkhoff, L. & Urban, C. (2022). Financial education affects financial knowledge and downstream behaviors. Journal of Financial Economics 145(2): 255-272.

Kuzniak, S., Rabbani, A., Heo, W., Ruiz-Menjivar, J. & Grable, J. (2015). The Grable and Lytton risk-tolerance scale: A 15-year retrospective. Financial Services Review 24(2): 177-192.

Liu, Y., White, K. & Pearson, B. (2026). Financial Satisfaction and Anxiety: Unpacking Resilience Among Asian Americans, Financial Services Review 34(1): 70-106.

Lusardi, A., Michaud, P.C. & Mitchell, O.S. (2017). Optimal financial knowledge and wealth inequality. Journal of Political Economy, 125(2): 431-477.

Quadria, T. & Lacombe, D. (2026). Perception Bias in the Financial Knowledge of American Adults, Financial Services Review 34(1): 1-23.

Shefrin, H.M. & Thaler, R.H. (1988). The behavioral life‐cycle hypothesis. Economic Inquiry, 26(4): 609-643.

Thompson, C. & James III, R. (2026). Dissipation of inheritance windfalls and the case for time-phased transfers: An empirical assessment from HRS data, Financial Services Review 34(1): 24-42.

Downloads

Published

2026-03-31

How to Cite

Household Financial Decision-Making: Miscalibration, Mortality, Emotion, and Culture. (2026). Financial Services Review, 34(1), i-iv. https://doi.org/10.61190/cv493773