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Filene: The Blog

How Personality Traits Influence Saving Behaviors: Regulatory Focus Theory

How Personality Traits Influence Saving Behaviors: Regulatory Focus Theory

http://www.thisiscolossal.com/2011/04/new-currency-origami-from-won-park/Encouraging savings is a start, but you should also understand why your members are saving. Sometimes people save against a rainy day (prevention), and sometimes they save so they can vacation in Florida and avoid rainy days (promotion). Those of us who analyze often convoluted consumer behavior know there is a strong link between psychological factors (such as values and beliefs) and saving goals. In this latest research published in the International Journal of Consumer Studies, I studied the efficacy of Regulatory Focus Theory to understand how prevention- vs. promotion-oriented personality traits influence financial decision-making.

Brain Food from big. bright. minds. 2014

Brain Food from big. bright. minds. 2014

Dial up the heat. Tucson was even hotter than usual last week as credit unions from across North America landed at Filene's annual big. bright. minds. 

You can tell the groups apart easily: i3 innovators huddled in corners, obsessing over slides that would show -- in 10 minutes or less -- the results of six months of hard work; research council CEOs wore jeans (jeans!) because their board chairs weren't there; and Crashers from the young professional roamed in packs and made everybody else feel old. They all came for brain food, and they got it. Even if you couldn't come, dive into the slides below. And make your plans now to join Filene for next year's big. bright. minds. in Cambridge, Massachusetts.

Edward A. Filene and Economics

Edward A. Filene and Economics

Edward A. Filene once said, "Why shouldn’t the American people take half my money from me? I took all of it from them." 

The Next Generation and Edward A. Filene

The Next Generation and Edward A. Filene

Edward A. Filene once said, "There is always a little injustice, a little lack of sympathetic understanding, in the criticism one generation passes upon the practices of its predecessor."