Overview
- Explores financial literacy and other factors that influence capacity in
- financial decision-making
- Provides an overview of the cognitive factors affecting financial
- Demonstrates how credit card companies benefit from consumer limitations
- Explores the role gender plays in financial decision-making
- Suggests how to improve financial capacity through financial literacy and education campaigns
- Includes examples from both a developed and a developing market
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Table of contents (16 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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.
Editors and Affiliations
About the editor
Dr Tina Harrison is the Personal Chair of Financial Services Marketing and Consumption at the University of Edinburgh Business School, UK. She is also the Editor of Palgrave's Journal of Financial Services Marketing.
Bibliographic Information
Book Title: Financial Literacy and the Limits of Financial Decision-Making
Editors: Tina Harrison
DOI: https://doi.org/10.1007/978-3-319-30886-9
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor 2016
Hardcover ISBN: 978-3-319-30885-2Published: 04 October 2016
Softcover ISBN: 978-3-319-80908-3Published: 14 June 2018
eBook ISBN: 978-3-319-30886-9Published: 20 September 2016
Edition Number: 1
Number of Pages: XVIII, 343
Topics: Financial Services, Investments and Securities, Personal Finance/Wealth Management/Pension Planning, Investment Appraisal, Corporate Finance