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Financial education in schools : a meta-analysis of experimental studies

Kaiser, Tim; Menkhoff, Lukas - 2018

We study the literature on school financial education programs for children and youth via a quantitative meta-analysis of 37 (quasi-) experiments. We find that financial education treatment has, on average, a significant and sizeable impact on financial knowledge (+0.25 SD), similar to...

Persistent link: https://www.econbiz.de/10011941348

Robo-advising

D'Acunto, Francesco; Rossi, Alberto - 2020

In this chapter, we first discuss the limitations of traditional financial advice, which led to the emergence of robo-advising. We then describe the main features of robo-advising and propose a taxonomy of robo-advisors based on four defining dimensions - personalization, discretion,...

Persistent link: https://www.econbiz.de/10012200345

The promises and pitfalls of robo-advising

D'Acunto, Francesco; Prabhala, Nagpurnanand R.; Rossi, … - 2018

We study a robo-advising portfolio optimizer that constructs tailored strategies based on investors' holdings and preferences. Adopters are similar to non-adopters in terms of demographics, but have more assets under management, trade more, and have higher risk-adjusted performance. The...

Persistent link: https://www.econbiz.de/10011795044

Financial literacy and financial education : an overview

Kaiser, Tim; Lusardi, Annamaria - 2024

This article provides a concise narrative overview of the rapidly growing empirical literature on financial literacy and financial education. We first discuss stylized facts on the demographic correlates of financial literacy. We next cover the evidence on the effects of financial literacy on...

Persistent link: https://www.econbiz.de/10014517964

Financial education or incentivizing learning-by-doing? : evidence from an RCT with undergraduate students

Oberrauch, Luis; Kaiser, Tim - 2024

We study the effects of digital financial education interventions on undergraduate students’ financial knowledge in a small-scale RCT. We test the substitutability or complementarity of two treatments: an online video financial education treatment and an incentive-based approach where students...

Persistent link: https://www.econbiz.de/10014576837

Nonlinear effect of sentiment on momentum

Li, Kai - In: Journal of economic dynamics & control 133 (2021), pp. 1-22

Persistent link: https://www.econbiz.de/10014535145

Disposed to be overconfident

Gödker, Katrin; Odean, Terrance; Smeets, Paul - 2023

We show that the disposition effect-the tendency of investors to hold losers and sell winners-can be a source of overconfidence. We find experimental evidence that individuals update beliefs about their own investment ability based on realized gains and losses rather than the overall performance...

Persistent link: https://www.econbiz.de/10014251033

Employee sentiment and stock returns

Chen, Jian; Tang, Guohao; Yao, Jiaquan; Zhou, Guofu - In: Journal of economic dynamics & control 149 (2023), pp. 1-17

Persistent link: https://www.econbiz.de/10014285101

Uncertainty and hyperinflation : European inflation dynamics after World War I

López, José A.; Mitchener, Kris - 2018

Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially … pushing a subset of European countries into hyperinflation shortly after the end of the war. Germany, Austria, Poland, and … elevated economic uncertainty directly affected inflation dynamics and the incidence of hyperinflation during the interwar …

Persistent link: https://www.econbiz.de/10011855599

Testing for sunspot equilibria in the German hyperinflation

İmrohoroğlu, Selahattin - In: Journal of economic dynamics & control 17 (1993) 1, pp. 289-317

Persistent link: https://www.econbiz.de/10001136217

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