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| Eyal Lahav, Mosi Rosenboim and Tal Shavit |
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| ''Financial literacy's effect on elicited subjective discount rate'' |
| ( 2015, Vol. 35 No.2 ) |
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| Financial illiteracy is a well-known, international problem. The current study investigates if learning basic fundamentals of cash flow capitalization affects time preference. The findings indicate that this knowledge does dramatically decrease preference for the present. |
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| Keywords: Time preference; Financial Literacy; Subjective discount rate |
JEL: D9 - Intertemporal Choice and Growth: General
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| Manuscript Received : Mar 18 2015 | | Manuscript Accepted : Jun 08 2015 |
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