Financial literacy's effect on elicited subjective discount rate

Eyal Lahav, Mosi Rosenboim, Tal Shavit

Research output: Contribution to journalArticlepeer-review

12 Scopus citations


Financial illiteracy is a well-known, international problem. The current study investigates if learning basic fundamentals of cash flow capitalization affects time preference. The findings indicate that this knowledge does dramatically decrease preference for the present.

Original languageEnglish
Pages (from-to)1360-1368
Number of pages9
JournalEconomics Bulletin
Issue number2
StatePublished - 2015
Externally publishedYes


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