C. Sean Hundtofte

Yale Doctoral Candidate - Financial Economics



Fields of interest:


Office:



Email:

Household Finance, Financial Distress, Behavioural Economics


Suite 3220 Evans Hall, P.O. Box 208200, New Haven CT 06520-8200


sean.hundtofte 'at' yale.edu

     
Working Papers
    • "Non-strategic Mortgage Borrower Behaviour: Sending Letters Can Improve Outcomes"
      • I use a field experiment to explore the role of non-strategic factors in the exercise of two key options available to a mortgage borrower: default and prepayment. Simple low-cost treatments increase prepayments in the short-run and decrease contractual delinquency in the long-run. I propose a Prospective Memory-based explanation of both facts. I find the gradual decrease in defaults cannot be explained by option-exercise or dual trigger models of default, and the temporary increase in prepayments cannot be explained by popular models of “rational inattention”.
    • "Taking Your Bank Failures Now or Later"
      • Analysis of the real effects of regulatory capital forbearance.
    • "

      Relative Price 

       Relative Value: Context Affects Returns in Sports Betting Markets

      "
       with Andrew Meyer and Shane Frederick
      • We test for a compression in gambling odds.  Results from the market data and also from the lab are consistent with contrast effects. The appeal of a particular gamble appears to be influenced by the returns available on similar - but completely independent - outcomes.
    • "Compare and Contrast"  
      • Inspired by the positive results for contrast effects in gambling markets, I test for a compression in equity valuations and find that early equity valuations appear to be anchored to industry comparables.
Work In Progress
  • "Why do Mortgage Borrowers Repay Their Debts? Effects of Offering Debt Forgiveness on Borrower Outcomes"
  • "Antique Behavioural Interventions in Household Finance: Promoting Asset-building in the Early 1800s"