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Financial Literacy and the Limits of Financial Decision-Making

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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.

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Detail Information

Series Title

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Call Number

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Publisher

Palgrave Macmillan Cham : Palgrave Macmillan Cham., 2016

Collation

XVIII, 343

Language

English

ISBN/ISSN

978-3-319-30886-9

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

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Edition

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Subject(s)

Financial Services, Investments and Securities

Specific Detail Info

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Statement of Responsibility

Editors: Tina Harrison

Other Information

Cataloger

Jemadi

Source

https://link.springer.com/content/pdf/10.1007/978-3-319-30886-9.pdf?pdf=button

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