Financial Literacy and the Limits of Financial Decision-Making (eBook, PDF)
eBook, PDF

Financial Literacy and the Limits of Financial Decision-Making (eBook, PDF)

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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 g...

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