Adapting the National Financial Capability Test to Address Generational Differences in Cognitive Biases

Adapting the National Financial Capability Test to Address Generational Differences in Cognitive Biases

This study examined the influence of cognitive biases on financial literacy test outcomes across four generational groups: Gen Z, Millennials, Gen X, and Baby Boomers. Using the National Financial Capability Test and an online in silico experiment, we analyzed how cognitive biases influence the like...

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Bibliographic Details
Main Authors: Sergio Da Silva, Ana Paraboni, Raul Matsushita
Format: Article
Language:English
Published: MDPI AG 2024-12-01
Series:International Journal of Financial Studies
Subjects:
financial literacy
cognitive biases
generational differences
National Financial Capability Test
behavioral finance
bias mitigation
Online Access:https://www.mdpi.com/2227-7072/12/4/124
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