The 2018 edition of the CONSOB Report on financial investments of Italian households presents evidence on the financial choices of a representative sample of 1,601 Italian households while significantly deepening the analysis of financial knowledge and individual attitudes. After the first...

Classical financial theory assumes that individuals are perfectly rational and act by usingcomplete and homogeneous information sets. For a long time, this has been used both ondescriptive and normative grounds. However, empirical research has shown thatinvestors systematically commit reasoning...