Abstract
This research aims to show the cognitive constraints experienced by resulting from financial concerns and problems. A case study was conducted involving eight individuals living in different Colombian cities, who got into debt and faced an insolvency process. The results obtained are consistent with the theoretical-empirical framework proposed by Mullainathan and Shafir (2013), regarding the cognitive strain experienced by individuals with feeling of scarcity. This work contributes to the existing empirical literature and represents a first step toward the existence of a debt illiquidity trap that drives debtors to perpetuate their critical financial situation.
| Translated title of the contribution | Trampa de iliquidez: Los sujetos sobreendeudados y sus consecuencias cognitivas |
|---|---|
| Original language | English |
| Article number | e2022-0445 |
| Journal | RAE Revista de Administracao de Empresas |
| Volume | 64 |
| Issue number | 1 |
| DOIs | |
| State | Published - 2024 |
Keywords
- armadilha de escassez
- atención
- atenção
- attention
- escasez
- escassez
- judgment and decision-making
- juicio y toma de decisiones
- julgamento e tomada de decisões
- over-indebtedness
- scarcity
- scarcity trap
- sobreendeudamiento
- superendividamento
- trampa de escasez
