Present bias is an important term in behavioral finance that is derived from the concept of self-control. Empirical … research finds that present bias is associated with undesirable spending, borrowing, and saving behavior. Unlike previous … bias and a set of financial behaviors in various domains such as spending, borrowing, saving, and money management. With …

behavioural biases such as representativeness, self-serving, overconfidence, loss aversion, and hindsight bias. Using data … overconfidence bias are positively related to financial literacy. Furthermore, some biases exhibit a stronger quantitative … relationship with financial literacy than others. For example, hindsight bias displays the strongest link to financial literacy …