Richard Thaler quote

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Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.
Richard Thaler
Richard Thaler
Richard Thaler
Born: Sep 12, 1945

Topics

Home, Giving, Giving Up, Other, States, Borrower, Perceived, Morality, Rating, Costs, Economic, Recourse, Factors, Emotional, Stigma, Up, Hit, Whether, Moving, Social, Aside, Strategic, Include, Serious, Credit, Credit Rating

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Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Peter Navarro, Robert Reich, Thomas Sowell
Misbehaving: The Making of Behavioral Economics
Misbehaving: The Making of Behavioral Economics
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