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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 … education in our setting, and there is no evidence for complementarity between these interventions. …
Persistent link: https://www.econbiz.de/10014576837
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Explanations
Graeber, Thomas Wilhelm; Roth, Christopher; Schesch, … - 2024
When people exchange ideas, both truths and falsehoods can proliferate. We study the role of explanations for the spread of truths and falsehoods in 15 financial decision tasks. Participants record the reasoning behind each of their answers with incentives for accuracy of their listeners’...
Persistent link: https://www.econbiz.de/10014543835
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Adults' financial literacy and households' financial assets : the role of banks information policies
Fort, Margherita; Manaresi, Francesco; Trucchi, Serena - 2014
We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification, without offering services at lower cost with...
Persistent link: https://www.econbiz.de/10010426008
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Active learning improves financial education : experimental evidence from Uganda
Kaiser, Tim; Menkhoff, Lukas - 2022
We conduct a randomized field experiment to study the effects of two financial education interventions offered to small … important role in affecting how financial education programs impact financial behavior and outcomes. …
Persistent link: https://www.econbiz.de/10013170928
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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 …
Persistent link: https://www.econbiz.de/10011941348
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The effect of ability matching and differentiated instruction in financial literacy education : evidence from two randomised control trials
Iterbeke, Kaat; De Witte, Kristof; Declercq, Koen; … - 2019
eighth and ninth grade students in a financial education programme. In particular, the effect of within-class ability … impact of the financial education programme. The paper provides evidence on the effects of both practices using two …
Persistent link: https://www.econbiz.de/10012156634
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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
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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
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Financial literacy, risk and time preferences : results from a randomized educational intervention
Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; … - 2020
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012260969
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Financial literacy, experimental preference measures and field behavior : a randomized educational intervention
Sutter, Matthias; Weyland, Michael; Untertrifaller, Anna; … - 2023
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014261310