Financial Education and Risk Literacy

Behavioural Financial Regulation and Policy (BEFAIRLY) series

Edited by Riccardo Viale, University of Milano-Bicocca and the Herbert Simon Society, Umberto Filotto, University of Rome “Tor Vergata”, Barbara Alemanni, University of Genoa, Italy and Shabnam Mousavi, Max Planck Institute for Human Development (MPIB), Berlin, Germany

This innovative book explores how the design of financial education programmes could benefit from the findings of behavioural economics and finance and cognitive sciences. It covers the social, cultural and technological determinants of financial education, the role of the banking system in promoting financial literacy, and how governments and regulatory authorities are dealing with financial education and risk literacy programmes in schools.

‘In today’s environment, financial education and risk literacy continue to be essential elements for individuals and organizations worldwide. This book provides keen insights from leading authorities worldwide on how best to improve financial education and risk literacy. Perhaps the traditional 3Rs (Reading, wRiting, and aRithmetic) should be extended to include a fourth R, being Risk, which would apply in the context of financial literacy and financial education. Enjoy the book – it is well worth the money!’
– Jay Liebowitz, Harrisburg University of Science and Technology, US