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dc.contributor.authorAlmenberg, Johanen_US
dc.contributor.authorGerdes, Christeren_US
dc.date.accessioned2011-10-11en_US
dc.date.accessioned2011-11-23T11:31:57Z-
dc.date.available2011-11-23T11:31:57Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:101:1-201107042639en_US
dc.identifier.urihttp://hdl.handle.net/10419/51643-
dc.description.abstractThe tendency to underestimate the future value of a variable growing at a constant rate, an example of exponential growth bias, has been linked to household financial decision making. We show that exponential growth bias and standard measures of financial literacy are negatively correlated in a representative sample of Swedish adults. Since financial literacy is linked to household decision making, our results indicate that examining the relationship between exponential growth bias and household finance without adequate controls for financial literacy may generate biased results.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5814en_US
dc.subject.jelD12en_US
dc.subject.jelD14en_US
dc.subject.ddc330en_US
dc.subject.keywordexponential growth biasen_US
dc.subject.keywordfinancial literacyen_US
dc.subject.keywordhousehold financeen_US
dc.titleExponential growth bias and financial literacyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669593362en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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