In this paper I study the information acquisition process in a simple asset pricing model with heterogeneous beliefs about future prices. This is instrumental to investigate the effects of financial literacy on market volatility. I posit that financial literacy affects the cost of acquiring information...
Financial Literacy, Information, and Demand Elasticity: Survey and Experimental Evidence from Mexico 来自 钛学术 喜欢 0 阅读量: 192 作者:JS Hastings,L Tejeda-Ashton 摘要: We use responses to a survey and experiment with participants in Mexico's privatized social security system to examine how ...
aFinancial literacy involves not only the knowledge, understanding and skills to deal with financial issues, but also non-cognitive attributes: the motivation to seek information and advice in order to engage in financial activities and the confidence to do so. 财政识字介入不仅知识、理解和技能应付财...
(2009). Financial literacy: an interface between financial information and decision- makers in organizations, Southern African Business Review Volume 13.Gouws, D. & Shuttleworth, C. (2009). Financial literacy: an interface between financial information and decision-makers in organisations. South ...
A logistic regression model was used to investigate the effects of financial literacy, financial advisors, and information sources on life insurance participation. Our empirical findings suggest that people with high financial literacy are more likely to purchase life insurance and that consultations with...
Annuities, Financial Literacy and Information Overload This chapter investigates how financial literacy and information overload influence the decision to purchase an annuity and how they relate to subsequent c... J Agnew,L Szykman - 《Social Science Electronic Publishing》 被引量: 40发表: 2010年 ...
aA robust measure of financial literacy amongst young people will provide information at a national level that can indicate whether the current approach to financial education is effective. 财政识字一项健壮措施在青年人之中将提供信息在可能表明的一个全国水平对财政教育的当前方法是否是有效的。[translate]...
Interestingly, all groups rate themselves as rather well-informed about financial matters, notwithstanding their actual performance on the key literacy questions. Finally, we show that people who score higher on the financial literacy questions are much more likely to plan for retirement, which is ...
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The objective is to explore the link between financial literacy and information acquisition behavior. The results show that participants with low financial literacy generally try to compensate for their low decision-specific knowledge with a higher demand for external information but give up this ...