Exponential growth bias and financial literacy
| العنوان: | Exponential growth bias and financial literacy |
|---|---|
| المؤلفون: | Johan Almenberg, Christer Gerdes |
| المصدر: | Applied Economics Letters. 19:1693-1696 |
| بيانات النشر: | Informa UK Limited, 2012. |
| سنة النشر: | 2012 |
| مصطلحات موضوعية: | Economics and Econometrics, Actuarial science, exponential growth bias, financial literacy, household finance, Future value, jel:D12, jel:D14, Variable (computer science), Constant rate, Exponential growth, Econometrics, Economics, Survey data collection, Financial literacy, Household finance |
| الوصف: | The tendency to underestimate the future value of a variable growing at a constant rate, an example of exponential growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard measures of financial literacy are negatively correlated in a representative sample of Swedish adults. Since financial literacy is linked to household decision making, our results indicate that examining the relationship between exponential growth bias and household finance without adequate controls for financial literacy may generate biased results. |
| تدمد: | 1466-4291 1350-4851 |
| DOI: | 10.1080/13504851.2011.652772 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d62b6e8fd7ced7d02cc2e118c688e76b https://doi.org/10.1080/13504851.2011.652772 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....d62b6e8fd7ced7d02cc2e118c688e76b |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 14664291 13504851 |
|---|---|
| DOI: | 10.1080/13504851.2011.652772 |