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.

  • An adult son watches his mother cook, photo by DGLimages/Getty Images

    News Release

    Parents Who Support Unemployed Adult Children Curb Their Own Behavior

    Jul 9, 2019

    Parents who financially help their unemployed adult children offset such costs by adjusting their behavior, particularly by spending less money on food, working more, and reducing retirement savings.

  • Cars line up during a food drive in East Rutherford, New Jersey, November 24, 2020, photo by Brendan McDermid/Reuters

    Report

    Americans' Financial Difficulties Continue

    Dec 17, 2020

    As the pandemic continues, many U.S. households are struggling to pay their bills. No income group has been spared financial difficulties, but the most-vulnerable households have been hit the hardest. There are severe challenges among lower-income workers and among Black and Hispanic households.

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    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

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    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

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    Katharina Ley Best

    Associate 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

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    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

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    Noreen Clancy

    Senior Policy Analyst
    Education M.S. in environmental science and policy, The Johns Hopkins University; B.A. in criminology and law, University of Florida

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    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

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    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

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    Jenna W. Kramer

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

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    Andrew M. Parker

    Senior Behavioral and Social Scientist; Faculty, Pardee RAND Graduate School
    Education Ph.D. in behavioral decision theory, Carnegie Mellon University; M.S. in statistics, Carnegie Mellon University; B.A. in psychology and statistics, University of Michigan, Ann Arbor

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    Cory Stern

    Assistant Policy Researcher, RAND; Ph.D. Student, Pardee RAND Graduate School
    Education B.A. in economics, Macalester College; B.A. in applied math and statistics, Macalester College

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    Brian Wong

    Assistant Policy Researcher, RAND; Ph.D. Student, Pardee RAND Graduate School
    Education M.B.A. in finance, Xavier University; B.S. in chemical engineering, University of California, Los Angeles