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dc.contributor.authorAlmenberg, Johanen
dc.contributor.authorGerdes, Christeren
dc.date.accessioned2011-10-11-
dc.date.accessioned2011-11-23T11:31:57Z-
dc.date.available2011-11-23T11:31:57Z-
dc.date.issued2011-
dc.identifier.piurn:nbn:de:101:1-201107042639en
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x5814en
dc.subject.jelD12en
dc.subject.jelD14en
dc.subject.ddc330en
dc.subject.keywordexponential growth biasen
dc.subject.keywordfinancial literacyen
dc.subject.keywordhousehold financeen
dc.titleExponential growth bias and financial literacy-
dc.typeWorking Paperen
dc.identifier.ppn669593362en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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