... margin, compared to 20% for commercial banks like Wells Fargo during the same period [3] . Risk preference Payday loans Alternative financial services While conventional financial wisdom suggests that rational actors should avoid high-risk options with negative expected outcomes...

...Christi R. Wann; Beverly K. Brockman; Christopher M. Brockman Purpose The purpose of this paper is to study the effect of credit record overconfidence on the use of alternative financial services (AFSs). Design/methodology/approach Using data from the 2018 National Financial Capability Study...