FINANCIAL EDUCATION AND COGNITIVE BIASES: ANALYSIS CONSIDERING SOCIODEMOGRAPHIC VARIABLES

Análise considerando variáveis sociodemográficas

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DOI:

https://doi.org/10.12712/rpca.v16i4.56249

Abstract

This analyzed the relationship between cognitive biases: overconfidence and loss aversion and financial education, considering sociodemographic variables. The research sample consisted of 1,080 participants and after applying statistical techniques, the results showed that perceived financial knowledge, gender, age, and income are associated with the probability of the individual exhibiting overconfidence in their decisions. Regarding loss aversion bias, gender and income decrease the probability of the individual to present such a bias, whereas age increases this probability.

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Published

2022-12-19

Issue

Vol. 16 No. 4 (2022)

Section

Artigos/Papers

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