Show simple item record

dc.contributor.authorde Zwaan, Laura
dc.contributor.authorLee, Chrisann
dc.contributor.authorLiu, Yulin
dc.contributor.authorChardon, Toni
dc.date.accessioned2019-02-11T06:14:13Z
dc.date.available2019-02-11T06:14:13Z
dc.date.issued2017
dc.identifier.issn2206-1347en_US
dc.identifier.urihttp://hdl.handle.net/10072/382461
dc.description.abstractFinancial literacy of clients is an important consideration for financial planners as it has implications for determining financial capacity. Likewise, overconfidence is also an important concern, given that overconfident clients may indicate they understand advice when in reality they do not. Using an online survey, we gathered data on subjective and objective levels of financial literacy from a sample of university students. We then examined the associations between self-assessed and actual levels of financial literacy with the aim of identifying overconfidence. We find, generally, respondents do not overestimate their financial literacy; however, respondents with English as a second language were significantly more overconfident than other demographic groups. These findings can help planners in identifying clients who may be overconfident in their own financial literacy.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherFinancial Planning Association of Australiaen_US
dc.publisher.urihttps://fpa.com.au/education/financial-planning-research-journal/en_US
dc.relation.ispartofpagefrom31en_US
dc.relation.ispartofpageto46en_US
dc.relation.ispartofissue2en_US
dc.relation.ispartofjournalFinancial Planning Research Journalen_US
dc.relation.ispartofvolume3en_US
dc.subject.fieldofresearchBanking, Finance and Investment not elsewhere classifieden_US
dc.subject.fieldofresearchcode150299en_US
dc.titleOverconfidence in Financial literacyen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
dc.description.versionPublisheden_US
gro.rights.copyright© 2017 Griffith University. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.hasfulltextFull Text


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record