Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 1360-1368 |
| Number of pages | 9 |
| Journal | Economics Bulletin |
| Volume | 35 |
| Issue number | 2 |
| State | Published - 2015 |
| Externally published | Yes |