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

Tina Harrison (Herausgeber)

eBook Download: PDF

2016 | 1st ed. 2016
XVIII, 343 Seiten
Springer International Publishing (Verlag)
978-3-319-30886-9 (ISBN)

Infos

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.

Inhalt

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

Produkt-Details

• Erscheint lt. Verlag: 20.9.2016
• Zusatzinfo: XVIII, 343 p.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: credit cards • Financial advisors • Financial Behaviour • Financial Education • gender stereotyping • Household finance • Investment decision making • Investments and Securities • Mutual Funds
• ISBN-10: 3-319-30886-6 / 3319308866
• ISBN-13: 978-3-319-30886-9 / 9783319308869