書誌事項
- タイトル別名
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- Assessing knowledge and confidence
説明
<jats:p>This article explores how financial literacy, comprised of both actual financial knowledge and perceived financial confidence, affect financial decisions. Using national survey data from the United States, results indicate that financial confidence is a critical component of financial literacy and is important across all knowledge levels. However, overconfident individuals, or those with high confidence (or self-assessed) knowledge but low actual knowledge, have a higher propensity to engage in risky (costly) financial behaviors. Together, results suggest that financial literacy initiatives should focus not only on factual knowledge, but on helping individuals achieve a healthy dose of confidence.</jats:p>
収録刊行物
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- Financial Services Review
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Financial Services Review 24 (2), 101-117, 2015-06-30
Academy of Financial Services
