Most people confuse two ideas: money pyramid and stock market investment. The majority of the people know their definitions, understand the drawbacks of pyramids, however, they miss the main point. The research contributes to the development of financial literacy among Kazakh people because the...

Purpose: People often face constraints such as a lack of time or information in taking decisions, which leads them to use heuristics. In these situations, fast and frugal rules may be useful for making adaptive decisions with fewer resources, even if it leads to suboptimal choices. When applied...