Challenges in Ensuring Financial Competencies: Essays on How to Measure Financial Knowledge, Target Beneficiaries and Deliver Educational Programmes

143 Pages Posted: 10 Nov 2017 Last revised: 12 Mar 2018

See all articles by Nadia Linciano

Nadia Linciano

Commissione Nazionale per le Societa e la Borsa (CONSOB)

Paola Soccorso

Commissione Nazionale per le Societa e la Borsa (CONSOB)

Daniela Di Cagno

LUISS, Rome

Luca Panaccione

University of Rome Tor Vergata

Gianni Nicolini

Sigmund Freud Private University

Matteo Ploner

University of Trento

Caterina Lucarelli

Università Politecnica delle Marche

Gianni Brighetti

University of Bologna

Enrico Maria Cervellati

Department of Management - Ca' Foscari University of Venice

Emanuela Rinaldi

Università degli Studi di Udine

Riccardo Viale

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS)

Duccio Martelli

University of Perugia - Faculty of Economics

Barbara Alemanni

SDA Bocconi

Gabriella Agrusti

University Lumsa

Giovanni Ferri

LUMSA University

Claudio Giannotti

LUM Jean Monnet university

Caterina Cruciani

Ca Foscari University of Venice - Department of Management

Ugo Rigoni

Ca Foscari University of Venice - Department of Management

Date Written: October 8, 2017

Abstract

The present collective work gathers views on how behavioural finance, neuroscience, sociology, cognitive psychology and pedagogy may contribute to improve measurement of financial knowledge, elicitation of personal attitudes, targeting audiences and delivery of educational programmes. These issues are particularly relevant in Italy, where the recently established National Committee for Financial Education is going to set and implement a long called national strategy. Following a multidisciplinary perspective, the work is intended to give food for thought with regard to methods and tools that may foster effective initiatives and coordination among the academia and the stakeholders involved in the design and delivery of educational programmes.

Keywords: Behavioural Finance, Decision-Making, Financial Advice, Financial Education, Financial Literacy, Investment Decisions, Learning, Overconfidence, Personality, Risk, Uncertainty

JEL Classification: D1, D14, D15, D81, D83, G41

Suggested Citation

Linciano, Nadia and Soccorso, Paola and Di Cagno, Daniela and Panaccione, Luca and Nicolini, Gianni and Ploner, Matteo and Lucarelli, Caterina and Brighetti, Gianni and Cervellati, Enrico Maria and Rinaldi, Emanuela and Viale, Riccardo and Martelli, Duccio and Alemanni, Barbara and Agrusti, Gabriella and Ferri, Giovanni and Giannotti, Claudio and Cruciani, Caterina and Rigoni, Ugo, Challenges in Ensuring Financial Competencies: Essays on How to Measure Financial Knowledge, Target Beneficiaries and Deliver Educational Programmes (October 8, 2017). CONSOB Working Papers No. 84. Available at SSRN: https://ssrn.com/abstract=3067333 or http://dx.doi.org/10.2139/ssrn.3067333

Nadia Linciano (Contact Author)

Commissione Nazionale per le Societa e la Borsa (CONSOB) ( email )

Roma 00198
Italy

Paola Soccorso

Commissione Nazionale per le Societa e la Borsa (CONSOB) ( email )

Roma 00198
Italy

Daniela Di Cagno

LUISS, Rome ( email )

00162 Rome, Roma
Italy

HOME PAGE: http://www.luiss.it/facolta/insegnamenti/curriculu

Luca Panaccione

University of Rome Tor Vergata ( email )

via Columbia 2
Rome, IA Rome 00133
Italy

Gianni Nicolini

Sigmund Freud Private University ( email )

Schnirchgasse 9a
Vienna, 1030
Austria

Matteo Ploner

University of Trento ( email )

Via Giuseppe Verdi 26
Trento, Trento 38152
Italy

Caterina Lucarelli

Università Politecnica delle Marche ( email )

Piazzale Martelli 8
Ancona, 18039
Italy
0039.071.2207196 (Phone)
0039.071.2207253 (Fax)

Gianni Brighetti

University of Bologna ( email )

Piazza Scaravilli 2
Bologna, 40100
Italy

Enrico Maria Cervellati

Department of Management - Ca' Foscari University of Venice

Fondamenta San Giobbe 873 Cannaregio
Venice, Venice 30121
Italy

Emanuela Rinaldi

Università degli Studi di Udine ( email )

Via Tarcisio Petracco, Palazzo antonini, 8
Udine, 33100
Italy

Riccardo Viale

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, 20126
Italy

Duccio Martelli

University of Perugia - Faculty of Economics ( email )

Via Pascoli, 20
Perugia, Perugia 06123
Italy
(+39)-075-585.5255 (Phone)
(+39)-075-585.5257 (Fax)

Barbara Alemanni

SDA Bocconi ( email )

Via Bocconi 8
Milan, Milan 20136
Italy

Gabriella Agrusti

University Lumsa ( email )

Via della Traspontina
Roma, Rome 00192
Italy

Giovanni Ferri

LUMSA University ( email )

Via della Traspontina
Roma, Rome 00192
Italy

HOME PAGE: http://www.lumsa.it/giovanni-ferri

Claudio Giannotti

LUM Jean Monnet university ( email )

Casamassima, BA 70010
Italy

Caterina Cruciani

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

Ugo Rigoni

Ca Foscari University of Venice - Department of Management ( email )

San Giobbe, Cannaregio 873
Venice, 30121
Italy

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