Harrison Financial Literacy and the Limits of Financial Decision-Making

1. Auflage 2016
ISBN: 978-3-319-30886-9
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 362 Seiten

Reihe: Progress in Mathematics

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.

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.

Autoren/Hrsg.

Harrison, Tina

Inhaltsverzeichnis

1;Cover;1
2;Contents;6
3;List of Figures and Tables;8
4;Notes on Contributors;11
5;Introduction;20
6;1 Cognitive Drivers of Suboptimal Financial Decisions: Implications for Financial Literacy Campaigns;29
7;2 A Comprehensive Model of Information Search and Processing Behaviour of Mutual Fund Investors;45
8;3 The Information Search Process of Socially Responsible Investors;76
9;4 Do Investors Show an Attentional Bias toward Past Performance? An Eye-Tracking Experiment on Visual Attention to Mutual Fund Disclosures in Simplified Fund Prospectuses;96
10;5 The Role of Creative Strategy, Ad Disclosure and Regulatory Focus in Investors’ Decision Making: An Experimental Investigation;122
11;6 Socialization and Processing Effects on Comprehension of Credit Card Advertisement Disclosures;154
12;7 Consumer Rationality/Irrationality and Financial Literacy in the Credit Card Market: Implications from an Integrative Review;174
13;8 Psycho-Social Factors Impacting Credit Acquisition and Use by College Students;196
14;9 Factors Affecting Investment Intentions: A Consumer Behaviour Perspective;220
15;10 Factors Influencing Investor Choice of Retirement Funds;243
16;11 The Customer Orientation of Financial Advisers;265
17;12 Gender Stereotyping in Financial Advisors’ Assessment of Customers;279
18;13 Financial Literacy and Financial Literacy Programmes in Australia;300
19;14 Assessment of Behavioural Outcomes of Financial Education Workshops on Financial Behaviour of the Participants: An Experimental Study;321
20;15 Fraud and Its PREY: Conceptualising Social Engineering Tactics and Its Impact on Financial Literacy Outcomes;344
21;Index;360