Financial Decision Making

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Budgeting and financial planning can be difficult at any age. RAND research aims to help children, young adults, and seniors understand how to make better financial decisions and help policymakers and companies develop better financial decisionmaking tools and resources.

  • Financial Advisor Talking To Senior Couple At Home

    Report

    Do Financial Advisers Influence Savings Behavior?

    Nov 20, 2015

    Financial advisers can play an important role with helping individuals make better financial decisions and improving their financial situations. But does working with a financial adviser improve savings behavior, particularly saving for retirement?

  • A young woman holding pliers as she makes jewelry

    Blog

    Why More Young Workers Are Relying on Financial Help from Parents

    Aug 31, 2017

    As today's young adults grapple with a difficult job market, high tuition costs, and rapidly rising rents, parents are increasingly providing financial support and other forms of assistance.

Explore Financial Decision Making

  • Report

    Cost-Effectiveness Analysis for Educational Planning.

    Methods of cost-effectiveness analysis can assist the planner in evaluating educational programs. This concept should be broadened to include "resource-effectiveness analysis," which can be divided into two study areas: resource analysis and analysi...

    Jan 1, 1970

  • Report

    Financial Industry's Need for Computer Technology in the Seventies.

    A panel paper from the UCLA/Informatics Symposium, "Expanding Use of Computers in the 70s." The banking and securities industry will continue to expand rapidly, due not only to the larger number of customers but to the increased number of transactio...

    Jan 1, 1970

  • Report

    COMBAT : A Series of On-Line Computer Programs for Quick-Response Force Cost Analysis.

    A description of COMBAT, the Cost Oriented Model Built to Analyze Tradeoffs, that enables the analyst to participate, through Rand's time-shared computer system JOSS, in a war-gaming or planning exercise and to supply instant estimates of the cost of...

    Jan 1, 1969

  • Report

    Long-Range Planning Through Program Budgeting.

    A description of the PPB system and its contributions to the planning process. First, it establishes and makes explicit the relationships, or linkages, among the organization's goals, programs, and activities and their resource implications and finan...

    Jan 1, 1968

  • Report

    Systems Analysis and the Certified Public Accountant.

    An explanation of systems analysis for an audience of accountants. The essence of systems analysis is to construct a model of the situation (just as a trial balance is a model of the firm's financial transactions), select a criterion, and then compar...

    Jan 1, 1967

  • Report

    Cost Analysis for Planning, Programming, Budgeting Cost-Benefit Studies | RAND

    An orientation to systems cost analysis for civil service employees involved in the implementation and operation of the Planning, Programming, and Budgeting System in nondefense agencies.

    Jan 1, 1966

  • Report

    Building a New Force Structure Cost Analysis Model

    A description of a new force structure cost analysis model being developed to advance the concept of force structure analysis and to facilitate its use in Air Force planning studies.

    Jan 1, 1965

  • Report

    Cost-Effectiveness: Estimating Systems Costs

    A discussion of the significant features involved in systems cost analysis. The paper, primarily directed to users of cost estimates, describes the methodology of the field at length, employing illustrations from military planning problems.

    Jan 1, 1965

  • Report

    Some Comments on Cost-Effectiveness

    A discussion of systems analysis as it applies to the cost-effectiveness function. Cost-effectiveness analysis is defined, and its current use, advantages, and limitations in defense planning are described.

    Jan 1, 1965

  • Report

    A suggested method for integration of major contractor financial reporting requirements

    Description of an integrated information system for contractor cost reporting, proposed to meet the need for a unified system for collecting financial information covering long-range planning, program control, and historical record-keeping (databank)...

    Jan 1, 1965

  • Report

    A new cost model to support Air Force long-range planning

    A description of the concepts, structure, and objectives of a new Air Force cost analysis model. It is intended to assist materially in the analysis of the resource implications of planning alternatives. The paper describes the nature of the long-ran...

    Jan 1, 1965

  • Report

    Resource Analysis in Military Long-Range Planning

    An explanation of three terms (program budgeting, cost effectiveness, and cost analysis) introduced by the Office of the Secretary of Defense in 1961.

    Jan 1, 1964

  • Report

    Program Budgeting: Long-Range Planning in the Department of Defense

    A description of a new planning and programming process, initiated within the Department of Defense in early 1961.

    Jan 1, 1962

  • Report

    Cost finding through multiple correlation analysis.

    An attempt to show that analyses of multiple correlation might, under some circumstances, supply cost estimates that could not be obtained from the same data by traditional accounting techniques. Multiple correlation analysis is, therefore, a possib...

    Jan 1, 1962

  • Report

    Weapon-System Cost Analysis.

    A method for estimating cost inputs for weapon-systems analyses and a discussion of the characteristics of this method. In addition, its use as a tool in Air Force planning and programming of future weapons systems is examined. (Published in [The] ...

    Jan 1, 1956

  • Content

    Katharina Ley Best

    Associate Research Department Director, Engineering and Applied Sciences Department; Operations Researcher
    Education Ph.D. in industrial and operations engineering, University of Michigan; M.S. in industrial and operations engineering, University of Michigan; B.S. in systems engineering, University of Virginia

  • Content

    Kathryn A. Edwards

    Economist; Professor, Pardee RAND Graduate School
    Education Ph.D. in economics, University of Wisconsin at Madison; M.S. in economics, University of Wisconsin at Madison; B.A. in economics, government, plan ii (humanities), University of Texas at Austin

  • Content

    Drew M. Anderson

    Associate Economist; Professor, Pardee RAND Graduate School
    Education Ph.D. in economics, University of Wisconsin-Madison; M.S. in economics, University of Wisconsin-Madison; B.A. in mathematics and economics, Augustana University

  • Content

    Lucas Greer

    Assistant Policy Researcher, RAND; Ph.D. Student, Pardee RAND Graduate School
    Education M.P.A. in public administration, The Ohio State University; M.A. in economics, University of Virginia; B.S. in economics, Le Moyne College

  • Content

    Jenna W. Kramer

    Associate Policy Researcher
    Education Ph.D. in education policy, Vanderbilt University; B.A. in psychology, Colgate University