Financial Literacy and the Limits of Financial Decision-Making

Financial Literacy and the Limits of Financial Decision-Making

4.11 - 1251 ratings - Source

This book presents selected papers on the factors that serve to influence an individuala€™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 todaya€™s economic climate.A recent study by Mae (2009) found that college seniors average US$4100 in credit card debt by the time that they ... The CARD Act prohibits companies from giving credit cards to students under 21 unless they provide evidence of the abilityanbsp;...

Title:Financial Literacy and the Limits of Financial Decision-Making
Author: Tina Harrison
Publisher:Springer - 2016-09-20

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA