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Financial Education, Mathematical Confidence, and Financial Behavior
Journal of Financial Counseling and Planning, 2022A significant ongoing initiative is to identify the conditions under which financial education is most effective, as it has been shown to work much better in some circumstances than others. One factor to consider is mathematical capability, as it has been linked to improved financial knowledge and financial outcomes.
Jack Marley-Payne +2 more
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The association between financial literacy confidence and financial satisfaction
Review of Behavioral Finance, 2022PurposeThis study examines the association between financial literacy confidence and financial satisfaction. The authors posit that overconfident poor performers will experience greater levels of financial satisfaction and underconfident high performers will experience lower levels of financial satisfaction.Design/methodology/approachBased on the ...
Blain Pearson, Thomas Korankye
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Confidence and the Financial Accelerator
2018We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations.
Myohl, Christian, Stucki, Yannic
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Financial Knowledge, Confidence, Credit Use, and Financial Satisfaction
Journal of Financial Counseling and Planning, 2019This article investigates associations between confidence about financial knowledge and two outcome variables, financial behaviors and financial satisfaction. On one hand, subjective financial knowledge (confidence) is necessary to make proactive decisions, yet overconfidence has been associated with a range of negative financial behaviors and outcomes.
Stephen A. Atlas +3 more
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Financial Instability in Japan: Debt, Confidence, and Financial Structure
2017Abstract The Japanese economy experienced prosperity during the bubble economy and has suffered from a prolonged recession since the bubble economy collapsed. This paper examines how the interest-bearing debt burden, structural change, and instability of confidence affect dynamic systems.
Kenshiro Ninomiya, Masaaki Tokuda
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How (Over) Confident Are Financial Analysts?
Journal of Behavioral Finance, 2017ABSTRACTExtensive research has been devoted to the quality of analysts' earnings forecasts. The common finding is that analysts' forecasts are not very accurate.
Ning Du, David V. Budescu
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