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Who Prefers Guessing to Admitting They Don't Know? Measurement Error in Financial Literacy Surveys

Bertola, Giuseppe; Prete, Anna Lo - 2025

A propensity to guess randomly rather than to admit ignorance answering "Don't know" is a plausible reason why frequent wrong answers are given to survey questions that aim to assess competence. We model this source of measurement error and assess its empirical relevance in two consecutive waves...

Persistent link: https://www.econbiz.de/10015398803

Households' borrowing intentions during the COVID-19 crisis: The role of financial literacy

Kurowski, Łukasz; Malinowska-Misiąg, Elżbieta - In: Journal of Banking and Financial Economics (JBFE) (2022) 17, pp. 98-113

This study aims to determine the role of financial literacy in households' borrowing intentions during the coronavirus pandemic. Employing a survey of 1,300 Polish citizens conducted during the COVID-19 crisis and an instrumental variable analysis, we found that financial literacy significantly...

Persistent link: https://www.econbiz.de/10015330092

Finanzwissen und Finanzbildung in Deutschland : was wissen wir eigentlich?

Bucher-Koenen, Tabea; Knebel, Caroline - In: Vierteljahrshefte zur Wirtschaftsforschung 90 (2021) 1, pp. 11-32

nicht, dass Finanzwissen universell verbreitet ist. Der Anteil der Befragten, der drei grundlegende Fragen zu Zins … zeigen, dass sich Finanzwissen positiv auf Fi- nanzentscheidungen auswirkt. Zudem können Finanzbildungsprogramme Finanzwissen …In an international comparison, Germans have a relatively high level of financial knowledge. However, this does not …

Persistent link: https://www.econbiz.de/10013368607

Was sind Schwachstellen und Alternativen finanzieller Bildung?

Oehler, Andreas; Horn, Matthias - In: Vierteljahrshefte zur Wirtschaftsforschung 90 (2021) 1, pp. 107-123

Der Beitrag analysiert sowohl Schwachstellen als auch darauf aufbauend Handlungs- empfehlungen und Lösungsvorschläge im Bereich der finanziellen Bildung von privaten Haushalten. Die Analyse der Schwachstellen umfasst eine kritische Sicht auf die Methodik zur Einschätzung finanzieller Bildung,...

Persistent link: https://www.econbiz.de/10013368632

Does financial literacy alleviate risk attitude and risk behavior inconsistency?

Korkmaz, Aslihan Gizem; Zhichao Yin; Yue, Pengpeng; … - In: International review of economics & finance : IREF 74 (2021), pp. 293-310

Persistent link: https://www.econbiz.de/10012792964

Analyzing factors affecting financial literacy and its impact on investment behavior among adults in India

Gangwar, Rachna; Singh, Ritvik - 2018

. Unexpectedly, financial literacy was found to have no effect on investment behavior. To the best of the authors' knowledge, this …

Persistent link: https://www.econbiz.de/10011917128

What determines financial literacy in Japan?

Kadoya, Yoshihiko; Khan, Mostafa Saidur Rahim - 2016

This study aims to determine the factors that affect financial literacy in Japan using data from Osaka University's Preference Parameter Study in Japan. We examined fourteen variables covering respondents' demographic, socio-economic, and psychological backgrounds drawn from social learning,...

Persistent link: https://www.econbiz.de/10011548870

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

Robo-advising

D'Acunto, Francesco; Rossi, Alberto G. - 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

Financial literacy among German students at secondary schools : some empirical evidence from the state of Hesse

Brühl, Volker - 2019

knowledge and skills in this country as well. In this paper we investigate financial literacy among students aged 14 to 16 … identified in the fields of basic knowledge of financial matters and, to an even greater degree, in more advanced concepts such …

Persistent link: https://www.econbiz.de/10012060910