Consumer Behavior in Financial Markets 2020 “Unshrouding product-specific attributes through financial education” Olga Balakina.Discussant: Ansgar Walther
Financial decision-making poses a lot of challenges for households and individuals. These challenges arise from an overall low financial literacy level, rooted in the fact that financial mistakes are persistent among individuals. On top of that, many financial firms’ shroud product specific attributes, or hide some product features to extract additional profit. Listen to speaker Olga Bakakina present the key findings from the paper ‘Unshrouding product-specific attributes through financial education’, followed by commentary by Ansgar Walther.