Financial literacy and the limits of financial decision-making /

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Bibliographic Details
Imprint:New York : Palgrave Macmillan, [2016]
Description:1 online resource
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11896807
Hidden Bibliographic Details
Other authors / contributors:Harrison, Tina, editor.
ISBN:9783319308869
3319308866
9783319308852
3319308858
Notes:Includes bibliographical references and index.
Online resource; title from PDF title page (EBSCO, viewed September 23, 2016).
Summary: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.
Other form:Print version: Financial literacy and the limits of financial decision-making. [Cham], Switzerland : Palgrave Macmillan, ©2016 xviii, 343 pages 9783319308852