Financial Literacy and the Limits of Financial Decision-Making

Editors: Harrison, Tina (Ed.)

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  • Explores financial literacy and other factors that influence capacity in financial decision-making
  • Provides an overview of the cognitive factors affecting financial decision making
  • 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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eBook 118,99 €
price for Spain (gross)
  • ISBN 978-3-319-30886-9
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  • Immediate eBook download after purchase
Hardcover 145,59 €
price for Spain (gross)
  • ISBN 978-3-319-30885-2
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  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 145,59 €
price for Spain (gross)
  • ISBN 978-3-319-80908-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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.

About the authors

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.

Table of contents (16 chapters)

Table of contents (16 chapters)
  • Introduction

    Pages 1-9

    Harrison, Tina

  • Cognitive Drivers of Suboptimal Financial Decisions: Implications for Financial Literacy Campaigns

    Pages 10-25

    Estelami, Hooman

  • A Comprehensive Model of Information Search and Processing Behaviour of Mutual Fund Investors

    Pages 26-56

    Mishra, Sanjay Kumar (et al.)

  • The Information Search Process of Socially Responsible Investors

    Pages 57-76

    Nilsson, Jonas (et al.)

  • Do Investors Show an Attentional Bias toward Past Performance? An Eye-Tracking Experiment on Visual Attention to Mutual Fund Disclosures in Simplified Fund Prospectuses

    Pages 77-102

    Hüsser, Andreas (et al.)

Buy this book

eBook 118,99 €
price for Spain (gross)
  • ISBN 978-3-319-30886-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 145,59 €
price for Spain (gross)
  • ISBN 978-3-319-30885-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 145,59 €
price for Spain (gross)
  • ISBN 978-3-319-80908-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Financial Literacy and the Limits of Financial Decision-Making
Editors
  • Tina Harrison
Copyright
2016
Publisher
Palgrave Macmillan
Copyright Holder
The Editor
eBook ISBN
978-3-319-30886-9
DOI
10.1007/978-3-319-30886-9
Hardcover ISBN
978-3-319-30885-2
Softcover ISBN
978-3-319-80908-3
Edition Number
1
Number of Pages
XVIII, 343
Topics