Faculty News

Prof. Adam Alter's research on budgeting for exceptional purchases is featured

Excerpt from Chicago Tribune -- "'In each instance, it seems reasonable to make a budgeting exception given the special nature of the spending and the low likelihood that a similar situation will recur any time soon,' says the study in the Journal of Consumer Research. 'Independently, each of the events described puts a temporary dent in a budget; together, they can have substantial consequences for long-term financial planning.'"

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