Human Ecology Research

  • 제56권5호
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  • Pages.447-460
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  • 2018
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  • 2982-5725(pISSN)
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  • 2982-6608(eISSN)
대한가정학회 (The Korean Home Economics Association)
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인지적 편향과 불안감이 미국 대학생의 위험 신용 행동에 미치는 영향과 상호작용효과

Direct and Interaction Effects of Cognitive Bias and Anxiety on Credit Misuse among U.S. College Students

  • 안선영 (미국 워싱턴 컬리지 경영학과) ;
  • ;
  • ;
  • 심소연 (미국 위스콘신 대학교 매디슨 생활과학대학)
  • Ahn, Sun Young (Business Management, Washington College) ;
  • Kuo, Ya-Hui (Institute of International Business, National Cheng Kung University) ;
  • Serido, Joyce (Family Social Science, University of Minnesota) ;
  • Shim, Soyeon (School of Human Ecology, University of Wisconsin-Madison)
  • 투고 : 2018.09.14
  • 심사 : 2018.10.04
  • 발행 : 2018.10.30
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초록

This study determines whether certain cognitive biases (i.e., time preference, goal attainment expectation, unrealistic optimism, and overconfidence) and a specific negative mood-state (i.e., anxiety) influence credit misuse among college students. Data were collected from fourth-year college students (N=1,146), all of whom attended the same university in the southwest United States. Hierarchical multiple regression analyses and moderator analyses were employed to test the research hypotheses. Results showed that specific cognitive biases and anxiety were directly associated with credit misuse. We found that the longer goal attainment was delayed, the greater the students' unrealistic optimism concerning future income; in addition, the more overconfident they became with respect to financial knowledge, the more frequently they engaged in credit misuse. The study also showed that the higher a student's level of anxiety, the more often that students engaged in credit misuse. We also found that cognitive bias factors and anxiety interact to influence credit misuse. Anxiety interacted with time preference and unrealistic optimism such that present-oriented time preference was negatively related to credit misuse while optimism toward future income was positively related to credit misuse, but only for students with high anxiety levels. The findings of this study are discussed in the context of understanding and preventing irresponsible financial behavior among young adults.

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