Education As Public Good: Behavioral Economics Approach

Guzavičius, Andrius; Gižienė, Vilda; Žalgirytė, Lina

doi:10.1016/j.sbspro.2015.04.401

Cited by 7 publications

(5 citation statements)

References 14 publications

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“…Although financial education and financial literacy are the predictors of financial capability and financial well-being (Xiao and O'Neill, 2016;Xiao and Porto, 2017;Lee et al, 2020), research contends that an impulsive and short-term oriented behavior may dominate their financial decision-making process and weaken the impact of consumers' financial knowledge on both their financial capability and financial well-being (García, 2013;Ottaviani and Vandone, 2011;Guzavicius et al, 2015;Lee et al, 2020). We, therefore, posit the following hypotheses:…”

Section: The Moderating Role Of Nibmentioning

confidence: 94%

Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability

Tahir

Ahmed

Richards

2021

IJBM

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PurposeThis study aims to test a moderated mediation model for a twofold purpose. First, to examine the mediating role of financial capability (FC) in the association between financial literacy (FL) and financial well-being (FW). Second, to analyze if non-impulsive future-oriented behavior (NIB) moderates the associations of FL with FC and FL with FW.Design/methodology/approachThe authors use the PROCESS macros in IBM SPSS Statistics to test the moderated mediation model and analyze the 2016 wave of the Household, Income and Labor Dynamics in Australia Survey.FindingsThe empirical analysis shows that FC partially mediates the association between FL and FW. Furthermore, the moderated mediation analysis shows that NIB strengthens the associations of FL with FC and FL with FW. Specifically, the positive associations of FL with FC and FL with FW significantly increase for those consumers who score high on NIB.Practical implicationsThe findings have implications for the financial services industry. Professional financial planners can positively improve the ability of consumers to deal with their financial matters by highlighting the importance of FL and NIB.Social implicationsThe study findings suggest educating consumers to discourage impulsive behavior and encourage them to create financial plans as it will enhance their ability to conduct financial tasks efficiently, improving their FW.Originality/valueTo the authors’ knowledge, this is the first study to assess a moderated mediation model, which examines the role of FC as a mediator variable and NIB as a moderator variable in the association between FL and FW.

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Section: The Moderating Role Of Nibmentioning

confidence: 94%

Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability

Tahir

Ahmed

Richards

2021

IJBM

View full text Add to dashboard Cite

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“…At the same time, farmers are assumed to behave rationally with their decision making, which implies that their goal is to optimize their farm profitability (benefit) or utility. Behavioral economics theory has been applied to many research questions and several disciplines, including medicine, environmental policy, resource use, and education …”

Section: Farmers' Decision Making Through the Lens Of Risk And Uncertmentioning

confidence: 99%

“…Behavioral economics theory has been applied to many research questions and several disciplines, including medicine, 11,12 environmental policy, 13,14 resource use, 15,16 and education. 17,18 In the context of the analysis presented here, it is also important to consider possible effects of risk and uncertainty in the face of unexpected weather events that might affect farmers' decision making. 19 Previous studies have found that farmers with a low degree of relative risk aversion are more likely to plant new crops, forgo insurance, hold unprotected grain stocks or livestock inventories, and keep their portfolios weighted toward risky undertakings.…”

Section: Farmers' Decision Making Through the Lens Of Risk And Uncertmentioning

confidence: 99%

Importance of weather monitoring for agricultural decision‐making – an exploratory behavioral study for Oklahoma Mesonet

Ziolkowska

Zubillaga

2018

J Sci Food Agric

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“…Individuals often follow certain traditions, and attempt to avoid risks and difficulties. Prospect theory is associated with behavioral theory, and its advocates argue that human behavior may be dictated by a desire to avoid loss rather than the desire to generate profits (Guzavicius et al 2015). From an educational and psychological perspective, this theory strengthens the claim that even in the twenty-first century, women are hesitant to break the tradition, and prefer to remain at home without any career goals rather than working outside the home and working toward achieving those goals.…”

Section: Literature Reviewmentioning

confidence: 95%

From the Handicap Principle to Brand Strategy – Are Gender Equality Practices And CSR Related?

Rozental

2019

Review of Economic and Business Studies

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There is increasing interest in determining the impact that employment of women in management positions may have on corporate social responsibility (CSR) initiatives. Various authors suggest that gender equality practices should be factored into the broader framework of CSR. Public policy could adopt an ethic that strengthens the moral commitment to social involvement of men and women alike, and expresses public responsibility for women’s experiences in both the public and private spheres. Following this logic, the research question for the present article is: What marketing strategy factors can be utilized by women to influence their attainment of senior managerial positions?This article deals with the qualitative stage of a mixed method study that will answer the research question. The aim of the qualitative research design is to examine attitudes toward motivational factors and the environment that affect the strategic marketing of women to management positions. The research tool is a semi-structured in-depth interview, followed by a content analysis of data from transcripts. The research population includes ten women of different ages presently employed in managerial positions in Israel’s Ministry of Education. Future research directions and managerial implications are derived from this qualitative study.

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Education As Public Good: Behavioral Economics Approach

Cited by 7 publications

References 14 publications

Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability

Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability

Importance of weather monitoring for agricultural decision‐making – an exploratory behavioral study for Oklahoma Mesonet

From the Handicap Principle to Brand Strategy – Are Gender Equality Practices And CSR Related?

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