Publication details

Financial Literacy and Behavioral Skills: The Influence of Financial Literacy Level on Behavioral Skills



Year of publication 2017
Type Article in Proceedings
Conference The Economies of Balkan and Eastern Europe Countries in the Changed World
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords Financial literacy; behavioral finance; survey; t-test; biases and heuristics
Description Financial literacy and behavioral finance have become a part of education not only in the United States, but also in the whole of Europe. The process of education, in terms of financial literacy, starts at primary schools where children start to be exposed to financial literacy. It is followed by additional stages of education system. Moreover, this is completed by range of other possibilities how to become familiar with this type of knowledge, in the way of various programs, usually conducted by governments and other specialized institutions. Especially, in terms of universities behavioral finance start to play important role as well.
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