Financial Literacy and the Limits of Financial Decision-Making

  • Tina Harrison

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Tina Harrison
    Pages 1-9
  3. Jonas Nilsson, Anna-Carin Nordvall, Sofia Isberg
    Pages 57-76
  4. James W. Peltier, Nadia Pomirleanu, Michael Endres, Ereni Markos
    Pages 177-200
  5. Kang Li Lim, Geoffrey N. Soutar, Julie A. Lee
    Pages 201-223
  6. Allan Lee, Yingzi Xu, Kenneth F. Hyde
    Pages 224-245
  7. Diane Halstead, Michael A. Jones, Vance P. Lesseig, Thomas I. Smythe
    Pages 246-259
  8. Back Matter
    Pages 341-343

About this book


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.


Credit cards Mutual Funds Investment decision making Financial Advisors Gender stereotyping Financial education Financial behaviour

Editors and affiliations

  • Tina Harrison
    • 1
  1. 1.University of Edinburgh Business SchoolUK

Bibliographic information

Industry Sectors
Finance, Business & Banking