Financial Literacy And The Limits Of Financial Decision Making PDF Download
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Author | : Tina Harrison |
Publisher | : Springer |
Total Pages | : 343 |
Release | : 2016-09-20 |
Genre | : Business & Economics |
ISBN | : 3319308866 |
Download Financial Literacy and the Limits of Financial Decision-Making Book in PDF, ePub and Kindle
This book presents selected papers on the factors that serve to influence an individual’s capacity in financial decision-making. Initial chapters provide an overview of the cognitive factors affecting financial decisions and suggest a link between limited cognitive capacity and the need for financial education. The book then expands on these cognitive limitations to explore the tendency for overconfidence in decision-making and the interplay between rational and irrational factors. Later contributions show how credit card companies benefit from limitations in consumer financial literacy, how gender and cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through financial literacy and education campaigns, including those addressing developed marketplaces. This comprehensive collection of papers will be of value to all readers who seek to better understand the multi-factorial and complex nature of personal financial management in today’s economic climate.
Author | : Jason M. Fields |
Publisher | : AuthorHouse |
Total Pages | : 117 |
Release | : 2018-10-06 |
Genre | : Business & Economics |
ISBN | : 1546263276 |
Download Stop Leaving Money on the Table Book in PDF, ePub and Kindle
This book is a compact guide about the need for financial planning and future investment in the African American community within the United States. My aim is to provide information and advice about financial literacy, psychology, and the important need to budget and invest for the future. African Americans may be leaving their future down to chance if they do not fully understand the need for self-improvement in financial literacy. There should be an established financial education from an early age to help combat the poor choices that are often made because of this financial illiteracy. You cannot blame a community if the people were never offered any sound financial advice in the first place. Therefore, my wish is to represent and inform African Americans about the benefits of complete financial understanding.
Author | : Dorothy B. Durband |
Publisher | : Springer Science & Business Media |
Total Pages | : 203 |
Release | : 2012-03-31 |
Genre | : Social Science |
ISBN | : 1461435056 |
Download Student Financial Literacy Book in PDF, ePub and Kindle
College students are particularly vulnerable to making poor financial decisions. One method of addressing personal finances and financial stress among students of higher education is through university based financial education programs. Student Financial Literacy: Program Development presents effective strategies to assist in the implementation or the enhancement of a program as a tool to improve students’ educational experience and financial well-being. It presents the key components of financial education programs designed to address the growing concerns associated with high levels of debt and low levels of financial literacy among college students. “Student Financial Literacy: Campus-Based Program Development is packed with financial education and counseling information and guidance. It was very difficult to write this review as I wanted to share ALL the excellent direction this book provides... The editors and contributing authors have developed an excellent resource for not only those interested in developing or enhancing a campus-based financial education program but also for anyone involved in financial education, counseling, and planning.” -Rebecca J. Travnichek, Family Financial Education Specialist, University of Missouri Extension Journal of Financial Counseling and Planning
Author | : Dennis Martin |
Publisher | : |
Total Pages | : 140 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download FINANCIAL LITERACY AND THE FINANCIAL DECISION MAKING OF INDIVIDUALS IN UNDERSERVED COMMUNITIES Book in PDF, ePub and Kindle
Better access to financial literacy programs in underserved communities has the potential to improve financial decision making and to help individuals and families escape poverty. This multimethod dissertation explores some of the challenges of developing financial literacy programs for underserved individuals and provides insights into the cultural and institutional factors that discourage financial literacy and sound financial decision making. This research re-examines the construct of financial literacy, reviews relevant past research, and presents a conceptual model with hypotheses regarding factors that affect financial literacy. To test the model, multiple studies were conducted in underserved communities in rural and urban areas to understand the complexity of the relationship between financial literacy and financial decision making. These studies were supplemented by a series of in-depth interviews with financial literacy experts, community leaders, and underserved individuals. The results indicate the importance of refining both financial literacy instruments and training to rural and urban underserved communities, while also building stronger ties to community leaders and financial institutions.
Author | : J. Ian Norris |
Publisher | : |
Total Pages | : 0 |
Release | : 2022-12-13 |
Genre | : |
ISBN | : |
Download Invest in Your Financial Literacy Book in PDF, ePub and Kindle
Invest in Your Financial Literacy: A Guide for Financial Decision-Making provides readers with a straightforward and easy-to-follow handbook for exploring personal finance, making sound financial choices, developing good financial habits, and avoiding financial pitfalls. The book follows the narrative journey of the readers' financial life-from graduating from college to landing a job to retiring and beyond. It underscores how the financial decisions one makes early in life can have a great impact on long-term financial goals. The text presents a philosophy to support long-term, sustainable saving, spending, and investing to maximize happiness while also maintaining financial security. Each chapter is based around a financial decision, beginning with the decision to be financially literate and progressing through decisions to earn, save, spend, owe, own shares, and retire. Readers consider a variety of financial decisions, including accepting a job offer, allocating savings, budgeting, using credit cards, investing in stocks, and planning for retirement. Designed to demystify finance and help readers support their future financial goals, Invest in Your Financial Literacy is an ideal resource for students at all levels across all disciplines.
Author | : Amelina Apricia Sjam |
Publisher | : |
Total Pages | : |
Release | : 2021 |
Genre | : |
ISBN | : |
Download Essays on Financial Literacy, Cognitive Ability and Financial Decision-making Book in PDF, ePub and Kindle
Author | : John E. Grable |
Publisher | : CFA Institute Research Foundation |
Total Pages | : 20 |
Release | : 2017-06-30 |
Genre | : Business & Economics |
ISBN | : 1944960201 |
Download Financial Risk Tolerance: A Psychometric Review Book in PDF, ePub and Kindle
This content provides financial analysts, investment professionals, and financial planners with a review of how financial risk-tolerance tests can and should be evaluated. It begins by clarifying terms related to risk taking and is followed by a broad overview of two important measurement terms: validity and reliability. It concludes with examples for practice.
Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Oversight of Government Management, the Federal Workforce, and the District of Columbia |
Publisher | : |
Total Pages | : 136 |
Release | : 2011 |
Genre | : Consumer education |
ISBN | : |
Download Financial Literacy Book in PDF, ePub and Kindle
Author | : Caroline Holland |
Publisher | : |
Total Pages | : 0 |
Release | : 2016 |
Genre | : Finance, Personal |
ISBN | : 9781634843379 |
Download Financial Literacy Forums Book in PDF, ePub and Kindle
Americans today confront an array of challenges in their efforts to achieve and maintain financial security. Financial literacythe ability to use knowledge and skills to manage financial resources effectively -- has thus become increasingly important. Experts have identified the workplace as a potentially effective venue for providing financial education and helping individuals improve their financial decision making. This book discusses the role of the employer in promoting financial literacy; the effectiveness of such efforts; how best to serve low-income and other underserved populations; and the federal government's role in supporting these efforts. The book also discusses needs and priorities in improving financial literacy; roles and responsibilities of, and collaboration among, the government, nonprofit, and private sectors; lessons learned from federal public health and nutrition literacy initiatives; and the Government Accountability Office's potential role in addressing financial literacy issues.
Author | : John A. Haslem |
Publisher | : |
Total Pages | : 38 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download Selected Topics in Financial Literacy Book in PDF, ePub and Kindle
Financial literacy has become a major area of research in recent years, both in the investment and retirement literature with respect to the increasing complexity of financial products and need to save for retirement. Studies generally find individuals are financially uninformed and lacking in basic financial principles. This study discusses in depth research with detailed analyses of financial literacy, financial education, individual investment outcomes, genetic investment biases, and related issues.A vast literature concerning investor financial literacy and education exists. The SEC's [2012] study mandated under the Dodd-Frank Act provides a recent overall review and highlights existing levels of retail investor financial literacy and preferences for formats and timing of intermediary disclosures prior to making investment decisions, and more.Lusardi and Mitchell [2013] assess research on financial literacy. Topics include theoretical research that casts financial literacy as an investment in human capital, how much financial knowledge individuals and groups have, the impact of financial literacy on financial decision-making, and what yet remains to be learned. Fernandes, Lynch, and Netemeyer [2014] review research on financial literacy, financial education, and consumer financial outcomes. Meta-analysis is performed on financial literacy and financial education relationships in 201 non-redundant studies. Interventions to improve financial literacy explain only 0.10% of variance in financial behaviors.Glaser and Walther [2014] combine psychology research with empirical findings on the usefulness of financial literacy for investment decisions. The personal behavior of individuals with high levels of financial literacy may depend on the prevalence of two styles of thinking in dual-process theories: intuition and cognition. Collins [2012] finds the lack of financial literacy can reduce ability of individuals to make informed financial decisions. But, financial advice has the potential to substitute for lack of ability in financial decision-making. However, advice more often complements financial capability for individuals with higher levels of income, education, and financial literacy.