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Financial literacy's effect on elicited subjective discount rate
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TL;DR: In this article, the authors investigated if learning basic fundamentals of cash flow capitalization affects time preference and found out that this knowledge does dramatically decrease preference for the present, which is a well-known, international problem.
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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.
read more
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