Financial literacy and the limits of financial decision-making

Tina Harrison (Editor)

Research output: Book/ReportBook

Abstract

This book presents selected papers on the factors that serve to influence an individual’s capacity in financial decision-making. Initial chapters provide an overview of the cognitive factors affecting financial decisions and suggest a link between limited cognitive capacity and the need for financial education. The book then expands on these cognitive limitations to explore the tendency for overconfidence in decision-making and the interplay between rational and irrational factors. Later contributions show how credit card companies benefit from limitations in consumer financial literacy, how gender and cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through financial literacy and education campaigns, including those addressing developed marketplaces. This comprehensive collection of papers will be of value to all readers who seek to better understand the multi-factorial and complex nature of personal financial management in today’s economic climate.
Original languageEnglish
PublisherSpringer
Number of pages343
Edition1st
ISBN (Electronic)9783319308869
ISBN (Print)9783319308852
DOIs
Publication statusPublished - Oct 2016

Keywords

  • credit cards
  • mutual funds
  • investment decision making
  • financial advisors
  • gender stereotyping
  • financial education
  • financial behaviour

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