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Pregled bibliografske jedinice broj: 1064694

The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson?


Palić, Irena; Barbić, Dajana; Lučić, Andrea
The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson? // Sustainable Development and Social Responsibility—Volume 1. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development). / Mateev M. ; Nightingale J. (ur.).
Springer: Springer International Publishing, 2020. str. 247-254 doi:10.1007/978-3-030-32922-8_24


CROSBI ID: 1064694 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson?

Autori
Palić, Irena ; Barbić, Dajana ; Lučić, Andrea

Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, ostalo

Knjiga
Sustainable Development and Social Responsibility—Volume 1. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development).

Urednik/ci
Mateev M. ; Nightingale J.

Izdavač
Springer International Publishing

Grad
Springer

Godina
2020

Raspon stranica
247-254

ISBN
978-3-030-32921-1

ISSN
2522-8714

Ključne riječi
Financial behavior Financial education Self-efficacy Survey research Regression analysis

Sažetak
This paper tends to reveal whether individuals are more prone to behave like Homo economicus or irrational individuals led by short-run motivation. According to the traditional economic theory, individuals behave perfectly rational and make their financial decisions based on their knowledge. On the other hand, behavioral theory neglects rational behavior assumed by traditional economics. Individuals do not act in their best interest and are prone to make irrational and wrong decisions. In the behavioral economics literature, as opposed to homo economicus, the irrational behavior is represented by the character of Homer Simpson who is often unreasonable, short-run-motivated, responsibility-averse, and does not use the acquired knowledge adequately. The purpose of this paper is to investigate the impact of financial knowledge, as a result of financial education and self-efficacy, on subsequent financial behavior. Therefore, based on the results of the survey conducted among Croatian citizens, this research uses regression modeling to assess how financial knowledge and self-efficacy affect responsible financial behavior among Croatian consumers. Results of the research are valuable for proper educational policy and providing insight into motives behind the efficient financial behavior.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Andrea Lučić (autor)

Avatar Url Dajana Barbić (autor)

Avatar Url Irena Palić (autor)

Citiraj ovu publikaciju

Palić, Irena; Barbić, Dajana; Lučić, Andrea
The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson? // Sustainable Development and Social Responsibility—Volume 1. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development). / Mateev M. ; Nightingale J. (ur.).
Springer: Springer International Publishing, 2020. str. 247-254 doi:10.1007/978-3-030-32922-8_24
Palić, I., Barbić, D. & Lučić, A. (2020) The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson?. U: Mateev M. & Nightingale J. (ur.) Sustainable Development and Social Responsibility—Volume 1. Advances in Science, Technology & Innovation (IEREK Interdisciplinary Series for Sustainable Development).. Springer, Springer International Publishing, str. 247-254 doi:10.1007/978-3-030-32922-8_24.
@inbook{inbook, year = {2020}, pages = {247-254}, DOI = {10.1007/978-3-030-32922-8\_24}, keywords = {Financial behavior Financial education Self-efficacy Survey research Regression analysis}, doi = {10.1007/978-3-030-32922-8\_24}, isbn = {978-3-030-32921-1}, issn = {2522-8714}, title = {The Impact of Financial Education and Self- Efficacy on Financial Behavior in Croatia: Are We More Similar to Homo Economicus or Homer Simpson?}, keyword = {Financial behavior Financial education Self-efficacy Survey research Regression analysis}, publisher = {Springer International Publishing}, publisherplace = {Springer} }

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