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Banasthali Vidyapith Presents the Bhartiya Model of Financial Literacy (BMFL)

Purohit, Harsh - 2015

Persistent link: https://www.econbiz.de/10014132680

Why Financial Advice Cannot Substitute for Financial Literacy?

Debbich, Majdi - 2015

This paper examines the ability of financial advice provided by sellers of financial services to substitute for financial literacy of customers. I set up a simple theoretical model in which an informed financial advisor communicates with a less informed customer of financial services. Given the...

Persistent link: https://www.econbiz.de/10013029951

Why Financial Advice Cannot Substitute for Financial Literacy?

Debbich, Majdi - 2015

Persistent link: https://www.econbiz.de/10013030044

Modeling financial risk attitude : the role of education and financial literacy

Iannario, Maria; Monti, Anna Clara; Scalera, Domenico - In: Financial internet quarterly 20 (2024) 2, pp. 1-14

This paper studies the relationship between risk propensity, education and financial literacy. The results of the empirical investigation confirm the importance of the key explanatory variables of education and financial competence. Since they are both included in the model, the different roles...

Persistent link: https://www.econbiz.de/10014636624

Run, Walk, or Buy? Financial Literacy, Dual-Process Theory, and Investment Behavior

Glaser, Markus - 2014

Combining recent empirical findings on the usefulness of financial literacy for investment decisions and literature from psychology, we argue that the behavior of people with a high level of financial literacy might depend on the prevalence of the two thinking styles according to dual-process...

Persistent link: https://www.econbiz.de/10013065180

A Note on GameStop, Short Squeezes, and Autodidactic Herding : An Evolution in Financial Literacy?

Klein, Tony - 2021

This note explores a secondary effect of the GameStop short squeeze event and links the exalted focus of retail investors on meme stocks to financial literacy and autodidacticism. From an overview of stylized facts about the short squeeze of GameStop based on high frequency data, short interest,...

Persistent link: https://www.econbiz.de/10013225663

Financial Knowledge and Rationality of Canadian Investors

Carpentier, Cécile - 2012

Investors' financial skill rests on two elements: 1) literacy, which is the financial knowledge itself and the skill … required to use the knowledge, and 2) rationality, which refers to the lack of major biases such as overconfidence. To estimate … the level of investors' knowledge and rationality, we administered an online survey to 1814 investors in Québec and …

Persistent link: https://www.econbiz.de/10013107796

Intergenerational transmission of preferences and parental behaviours

Coda Moscarola, Flavia; Del Boca, Daniela; Paladino, … - 2024

This paper investigates the intergenerational transmission of preferences between parents and their children, examining … Italian households (parents with children 14-20 years of age) our analysis reveals a significant and positive correspondence … between parents' and children's preferences. The results indicate that sharing information strengthens the transmission of …

Persistent link: https://www.econbiz.de/10014463574

Is risk good for saving? : message from the general equilibrium model

Balasko, Yves; Kawamura, Enrique - 2013

retirement, children education and other uses. This paper shows that in a standard two-period general equilibrium model where …

Persistent link: https://www.econbiz.de/10009783701

Labor income risk and the reluctance of households to invest in risky financial assets : a panel data analysis

Becker, Gideon; Dimpfl, Thomas - 2014

We investigate the determinants of a household's decision on whether to invest in risky financial assets. Financial theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to measure income risk as the observed variation of...

Persistent link: https://www.econbiz.de/10010350417