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Eyal Lahav, Mosi Rosenboim and Tal Shavit
''Financial literacy's effect on elicited subjective discount rate''
( 2015, Vol. 35 No.2 )
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.
Keywords: Time preference; Financial Literacy; Subjective discount rate
JEL: D9 - Intertemporal Choice and Growth: General
Manuscript Received : Mar 18 2015 Manuscript Accepted : Jun 08 2015

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