Alexander Smith

Associate Professor
AFFILIATED DEPARTMENT OR OFFICE
Economics
EDUCATION
PhD Economics University of Calgary 2010
MA Economics University of Toronto 2004
BA Economics York University 2003
Expert Bio

Alexander Smith is an expert on behavioral economics (or the psychology of decision-making) and personal finance. Specifically, he seeks to help students and the public understand how interwoven behavioral economics and personal finance are. He can speak about how biases in judgment and decision-making, such as competing long-term goals and short-term rewards, can make it difficult for people to stick to the basic principles of personal finance and money management. His expertise was featured in the New York Times' Frugal Traveler column in a piece on the use of buy-now-pay-later financing in the travel industry.

 

Smith works with students to provide them with advice on how to manage their money and navigate the challenges that might push them off-course from their long-term financial strategies. He suggests finding and utilizing commitment devices and tapping into internal and external motivation to stay on course.

The New York Times
Travel Now, Pay Later? What to Know Before You Splurge.

Buy-now-pay-later financing is increasingly being used by consumers to pay for travel expenses. Alexander Smith, associate professor of economics in the Department of Social Science and Policy Studies, shared his thoughts with the New York Times on how the practice can affect long-term personal financial planning. 

WalletHub
Ask the experts: Zero-Based Budgeting

Alexander Smith, associate professor in the Department of Social Science and Policy Studies, answered some frequently asked questions in a WalletHub article about zero-based budgeting, which is a strategy that seeks to help you organize your finances and avoid overspending.

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