Sumit Agarwal

TL;DR: In this paper, the authors study the effects of physical distance on the acquisition and use of private information in informationally opaque credit markets and show that borrower proximity facilitates the collection of soft information, leading to a trade-off in the availability and pricing of credit, which is more readily accessible to nearby firms albeit at higher interest rates ceteris paribus.

TL;DR: In this paper, the authors study lifecycle patterns in financial mistakes using a proprietary database that measures ten different types of credit behavior and conclude that financial mistakes follow a U-shaped pattern, with the cost-minimizing performance occurring around age 53.

TL;DR: This paper studied life-cycle patterns in financial mistakes using a proprietary database with information on 10 types of credit transactions and concluded that financial mistakes follow a U-shaped pattern, with the cost-minimizing performance occurring around age 53.

TL;DR: In this article, the authors study supervisory decisions of U.S. banking regulators and exploit a legally determined rotation policy that assigns federal and state supervisors to the same bank at exogenously set time intervals.

TL;DR: This article analyzed the effects of cognitive abilities on two examples of consumer financial decisions where sub-optimal behavior is well defined: transferring the entire balance from an existing credit card account to a new account, but use the new card for convenience transactions, resulting in higher interest charges.