91
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Mapping financial literacy: cognition and the environment

Pages 131-145 | Published online: 10 Nov 2016

References

  • Agnew, J. A. (2002): Place and Politics in Modern Italy. University of Chicago Press, Chicago .
  • Ainslie, G. (2001): Breakdown of Will. Cambridge University Press, Cambridge .
  • Alchian, A. A. (1950): ‘Uncertainty, evolution, and economic theory’, Journal of Political Economy58 (3): 211–122.
  • Alvarez, M. (2010): Kinds of Reasons: An Essay in the Philosophy of Action. Oxford University Press, Oxford .
  • Anderson, J. R. (1991): ‘Is human cognition adaptive?’, Behaviour and Brain Sciences14 (3): 471–517.
  • Arthur, W. B. (1994): Increasing Returns and Path Dependence in the Economy. University of Michigan Press, Ann Arbor , MI .
  • Asheim, B. T. (2000): ‘Industrial districts: the contributions of Marshall and beyond’, In Clark, G. L.,Feldman, M. P. and Gertler, M. S. (eds): The Oxford Handbook of Economic Geography. Oxford University Press, Oxford , pp.413–431.
  • Baron, J. (2008): Thinking and Deciding. 4th edn.Cambridge University Press, Cambridge .
  • Barro, R. J. and Sala‐i‐martin, X. I. (1995): Economic Growth. McGraw‐Hill, New York .
  • Bathelt, H. and Glückler, J. (2011): The Relational Economy: Geographies of Knowing and Learning. Oxford University Press, Oxford .
  • Bauer, R.,Braun, R. and Clark, G. L. (2008): ‘The emerging market for European corporate governance: the relationship between governance and capital expenditures, 1997–2005’, Journal of Economic Geography8 (4): 441–469.
  • Brown, J. R.,Kapteyn, A.,Luttmer, E. F. P. and Mitchell, O. (2011): Do consumers know how to value annuities? Complexity as a barrier to annuitization. WR‐924‐SSA, Financial Literacy Center, RAND Labor and Population, Santa Monica , CA , September.
  • Bumcrot, C. B.,Lin, J. and Lusardi, A. (2011): The geography of financial literacy. WR‐893‐SSA. Financial Literacy Center, RAND Labor and Population, Santa Monica , CA , November.
  • Burger, C. (2011): ‘Adoption patterns of occupational pensions in Germany’, Environment and Planning A43 (11): 2666–2687.
  • Burger, C. and Clark, G. L. (2011): ‘The German model of risk distribution in supplementary occupational pensions’, Journal of Risk13 (3): 93–122.
  • Christakis, N. A. and Fowler, J. H. (2007): ‘The spread of obesity in a large social network over 32 years’, New England Journal of Medicine357 (4): 370–379.
  • Christakis, N. A. and Fowler, J. H. (2008): ‘The collective dynamics of smoking in a large social network’, New England Journal of Medicine358 (21): 2249–2258.
  • Clark, G. L. (2003): European Pensions and Global Finance. Oxford University Press, Oxford .
  • Clark, G. L. (2010): ‘Human nature, the environment, and behaviour: explaining the scope and geographic scale of financial decision‐making’, Geografiska Annaler: Series B, Human Geography92 (2): 159–173.
  • Clark, G. L. (2011): ‘Myopia and the global financial crisis: context‐specific reasoning, market structure, and institutional governance’, Dialogues in Human Geography1 (1): 4–25.
  • Clark, G. L. (2012a): ‘Pensions or property?’, Environment and Planning A44 (5): 1185–1199.
  • Clark, G. L. (2012b): ‘From corporatism to public utilities: workplace pensions in the 21st century’, Geographical Research50 (1): 31–46.
  • Clark, G. L. (2013): Financial literacy in context.Roepke Lecture 2013. School of Geography and the Environment, University of Oxford, Oxford .
  • Clark, G. L. and Wójcik, D. (2007): The Geography of Finance: Corporate Governance in the Global Marketplace. Oxford University Press, Oxford .
  • Clark, G. L.,Caerlewy‐smith, E. and Marshall, J. C. (2006): ‘Pension fund trustee competence: decision making in problems relevant to investment practice’, Journal of Pension Economics and Finance5 (1): 91–110.
  • Clark, G. L.,Caerlewy‐smith, E. and Marshall, J. C. (2007): ‘The consistency of UK pension fund trustees’ decision‐making’, Journal of Pension Economics and Finance6 (1): 67–86.
  • Clark, G. L.,Strauss, K. and Knox‐hayes, J. (2012): Saving for Retirement: Intention, Context, and Behavior. Oxford University Press, Oxford .
  • Coval, J. D. and Moskowitz, T. J. (2001): ‘The geography of investment: informed trading and asset prices’, Journal of Political Economy109 (4): 811–841.
  • Crouch, C.,Schröder, M. and Voelzkow, H. (2009): ‘Regional and sectoral varieties of capitalism’, Economy and Society38 (4): 654–678.
  • Doherty, M. E. (2003): ‘Optimists, pessimists, and realists’, In Schneider, S. L. and Shanteau, J. (eds): Emerging Perspectives on Judgement and Decision Research. Cambridge University Press, Cambridge , pp.643–679.
  • Fornero, E. and Monticone, C. (2011): ‘Financial literacy and pension plan participation in Italy’, Journal of Pension Economics and Finance10 (4): 547–564.
  • French, S.,Leyshon, A. and Wainwright, T. (2011): ‘Financializing space, spacing financialization’, Progress in Human Geography35 (6): 798–819.
  • Fuller, D. and Mellor, M. (2008): ‘Banking for the poor: addressing the needs of financially excluded communities in Newcastle upon Tyne’, Urban Studies45 (7): 1505–1524.
  • Gabaix, X.,Laibson, D.,Moloche, G. and Weinberg, S. (2006): ‘Costly information acquisition: experimental analysis of a boundedly rational model’, American Economic Review96 (4): 1043–1068.
  • Gertler, M. S. (2003): ‘Tacit knowledge and the economic geography of context, or The undefinable tacitness of being (there)’, Journal of Economic Geography3 (1): 75–99.
  • Gigerenzer, G.,Todd, P. M. and theABC RESEARCH GROUP (1999): Simple Heuristics that Make Us Smart. Oxford University Press, New York .
  • Greif, A. (2006): Institutions and the Path to the Modern Economy: Lessons from Medieval Trade. Cambridge University Press, Cambridge .
  • Grossman, S. J.,Kihlstrom, R. E. and Mirman, L. J. (1977): ‘A Bayesian approach to the production of information and learning by doing’, Review of Economic Studies44 (3): 533–547.
  • Hägerstrand, T. (1967): Innovation Diffusion as a Spatial Process. University of Chicago Press, Chicago .
  • Haldane, A. G. and May, R. M. (2011): ‘Systemic risk in banking ecosystems’, Nature469 (7330): 351–355.
  • Harvey, N. (2012): ‘Learning judgment and decision making from feedback’, In Dhami, M. K.,Schlottmann, A. and Waldmann, M. R. (eds): Judgment and Decision Making as a Skill: Learning, Development and Evolution. Cambridge University Press, Cambridge , pp.199–223.
  • Hogarth, R. M. (2001): Educating Intuition. University of Chicago Press, Chicago .
  • Hong, H.,Kubik, J. D. and Stein, J. C. (2004): ‘Social interaction and stock‐market participation’, Journal of Finance59 (1): 137–163.
  • Hong, H.,Kubik, J. D. and Stein, J. C. (2005): ‘Thy neighbor's portfolio: word‐of‐mouth effects in the holdings and trades of money managers’, Journal of Finance60 (5): 2801–2824.
  • Huberman, G. (2001): ‘Familiarity breeds investment’, Review of Financial Studies14 (3): 659–680.
  • Hurley, S. (2008): ‘The shared circuits model (SCM): how control, mirroring, and simulation can enable imitation, deliberation, and mindreading’, Behavioral and Brain Sciences31 (1): 1–22.
  • Jackson, F. and Pettit, P. (2004): ‘In defence of folk psychology’, In Jackson, F.,Pettit, P. and Smith, M. (eds): Mind, Morality, and Explanation: Selected Collaborations. Oxford University Press, Oxford , pp.13–31.
  • Jones, M. and Love, B. C. (2011a): ‘Bayesian fundamentalism or enlightenment? On the explanatory status and theoretical contributions of Bayesian models of cognition’, Behavioural and Brain Sciences34 (4): 169–188.
  • Jones, M. and Love, B. C. (2011b): ‘Pinning down the theoretical commitments of Bayesian cognitive models’, Behavioural and Brain Sciences34 (4): 215–231.
  • Kahneman, D. (2003): ‘Maps of bounded rationality: psychology for behavioral economics’, American Economic Review93 (5): 1449–1475.
  • Kahneman, D. (2011): Thinking, Fast and Slow. Allen Lane, London .
  • Kahneman, D. and Tversky, A. (1979): ‘Prospect theory: an analysis of decision under risk’, Econometrica47 (2): 263–291.
  • Kahneman, D.,Knetsch, J. L. and Thaler, R. (1986): ‘Fairness as a constraint on profit seeking: entitlements in the market’, American Economic Review76 (4): 728–741.
  • Klapper, L. and Panos, G. A. (2011): ‘Financial literacy and retirement planning: the Russian case’, Journal of Pension Economics and Finance10 (4): 599–618.
  • Langley, P. (2008): The Everyday Life of Global Finance: Saving and Borrowing in Anglo‐America. Oxford University Press, Oxford .
  • La porta, R.,Lopez‐de‐silanes, F.,Shleifer, A. and Vishny, R. W. (1997): ‘Legal determinants of external finance’, Journal of Finance52 (3): 1131–1150.
  • La porta, R.,Lopez‐de‐silanes, F.,Shleifer, A. and Vishny, R. W. (1998): ‘Law and finance’, Journal of Political Economy106 (6): 1113–1155.
  • Leyshon, A. and Thrift, N. (1995): ‘Geographies of financial exclusion: financial abandonment in Britain and the United States’, Transactions of the Institute of British Geographers NS20 (3): 312–341.
  • Leyshon, A.,Burton, D.,Knights, D.,Alferoff, C. and Signoretta, P. (2004): ‘Towards an ecology of retail financial services: understanding the persistence of door‐to‐door credit and insurance providers’, Environment and Planning A36 (4): 625–645.
  • Leyshon, A.,French, S. and Signoretta, P. (2008): ‘Financial exclusion and the geography of bank and building society branch closures in Britain’, Transactions of the Institute of British Geographers NS33 (4): 447–465.
  • Leyshon, A.,Signoretta, P.,Knights, D.,Alferoff, C. and Burton, D. (2006): ‘Walking with moneylenders: the ecology of the UK home‐collected credit industry’, Urban Studies43 (1): 161–186.
  • Lusardi, A. and Mitchell, O. S. (2007): ‘Baby boomer retirement security: the roles of planning, financial literacy, and housing wealth’, Journal of Monetary Economics54 (1): 205–224.
  • Lusardi, A. and Mitchell, O. S. (2008): ‘Planning and financial literacy: how do women fare?’, American Economic Review98 (2): 413–417.
  • Lusardi, A. and Mitchell, O. S. (2009): How ordinary consumers make complex economic decisions: financial literacy and retirement readiness. NBER Working Paper 15350, National Bureau of Economic Research, Cambridge , MA , September.
  • Mitchell, O. S. and Lusardi, A. (eds) (2011): Financial Literacy: Implications for Retirement Security and the Financial Marketplace. Oxford University Press, Oxford .
  • Mitchell, O. S.,Lusardi, A. and Curto, V. (2010): ‘Financial literacy amongst the young’, Journal of Consumer Affairs44 (2): 358–380.
  • Mackenzie, D. (2008): An Engine, Not a Camera: How Financial Models Shape Markets. MIT Press, Cambridge , MA .
  • March, J. G. (1997): ‘Understanding how decisions happen in organizations’, In Shapira, Z. (ed.): Organizational Decision Making. Cambridge University Press, Cambridge , pp.9–32.
  • March, J. G. and Simon, H. A. (1958): Organizations. Harcourt Brace, New York .
  • Mccormack, D. P. and Schwanen, T. (2011): ‘The space–times of decision making’, Environment and Planning A43 (12): 2801–2818.
  • Merton, R. C. and Bodie, Z. (2005): ‘The design of financial systems: towards a synthesis of function and structure’, Journal of Investment Management3 (1): 1–23.
  • Miller, D. (2000): Citizenship and National Identity. Polity, Cambridge .
  • Miller, M.,Godfrey, N.,Levesque, B. and Stark, E. (2009): The case for financial literacy in developing countries: promoting access to finance by empowering consumers. World Bank, Washington , DC .
  • Oaksford, M. and Chater, N. (2007): Bayesian Rationality: The Probabilistic Approach to Human Reasoning. Oxford University Press, Oxford .
  • Payne, J. W.,Bettman, J. R. and Johnson, E. J. (1990): ‘The adaptive decision‐maker: effort and accuracy in choice’, In Hogarth, R. M. (ed.): Insights in Decision‐making: A Tribute to Hillel J. Einhorn. University of Chicago Press, Chicago , pp.129–153.
  • Pettit, P. (2002): Rules, Reasons, and Norms: Selected Essays. Oxford University Press, Oxford .
  • Pike, A. and Pollard, J. (2010): ‘Economic geographies of financialization’, Economic Geography86 (1): 29–51.
  • Pykett, J. (forthcoming): ‘Neurocapitalism and the new neuros: using neuroeconomics, behavioural economics and picoeconomics for public policy’, Journal of Economic GeographyDOI: 10.1093jeglbs039.
  • Rachlin, H. (2000): The Science of Self‐Control. Harvard University Press, Cambridge , MA .
  • Rutledge, S. L. (2010): Consumer protection and financial literacy: lessons from nine country studies. Policy Research Working Paper 5326, World Bank, Washington , DC , June.
  • Samuelson, W. and Zeckhauser, R. (1988): ‘Status quo bias in decision making’, Journal of Risk and Uncertainty1 (1): 7–59.
  • Scott, A. J. (2008): Social Economy of the Metropolis: Cognitive‐Cultural Capitalism and the Global Resurgence of Cities. Oxford University Press, Oxford .
  • Scott, A. J. (2010): ‘Cultural economy and the creative field of the city’, Geografiska Annaler: Series B, Human Geography92 (2): 115–130.
  • Schultz, P. W.,Nolan, J. M.,Cialdini, R. B.,Goldstein, N. J. and Griskevicius, V. (2007): ‘The constructive, destructive, and reconstructive power of social norms’, Psychological Science18 (5): 429–434.
  • Shafir, E.,Diamond, P. and Tversky, A. (1997): ‘Money illusion’, Quarterly Journal of Economics112 (2): 341–374.
  • Shiller, R. J. (2000): Irrational Exuberance. Princeton University Press, Princeton , NJ .
  • Simon, H. A. (1956): ‘Rational choice and the structure of the environment’, Psychological Review63 (2): 129–138.
  • Smith, S. J. and Easterlow, D. (2005): ‘The strange geography of health inequalities’, Transactions of the Institute of British Geographers NS30 (2): 173–190.
  • Stewart, N.,Chater, N. and Brown, G. D. A. (2006): ‘Decision by sampling’, Cognitive Psychology53 (1): 1–26.
  • Storper, M. (1995): ‘The resurgence of regional economies, ten years later: the region as a nexus of untraded interdependencies’, European Urban and Regional Studies2 (3): 191–221.
  • Storper, M. (2009): ‘Roepke Lecture in Economic Geography. Regional context and global trade’, Economic Geography85 (1): 1–21.
  • Strauss, K. (2008): ‘Re‐engaging with rationality in economic geography: behavioural approaches and the importance of context in decision‐making’, Journal of Economic Geography8 (2): 137–156.
  • Thaler, R. H. and Sunstein, C. R. (2008): Nudge: Improving Decisions about Health, Wealth and Human Happiness. Yale University Press, New Haven , CT .
  • Tversky, A. (1972): ‘Elimination by aspects: a theory of choice’, Psychological Review79 (4): 281–299.
  • Tversky, A. and Kahneman, D. (1982): ‘Evidential impact of base rates’, In Kahneman, D.,Slovic, P. and Tversky, A. (eds): Judgement Under Uncertainty: Heuristics and Biases. Cambridge University Press, Cambridge , pp.153–160.
  • Tversky, A. and Simonson, I. (1993): ‘Context‐dependent preferences’, Management Science39 (10): 1179–1189.
  • Ungemach, C.,Chater, N. and Stewart, N. (2009): ‘Are probabilities overweighted or underweighted when rare outcomes are experiences (rarely)?’, Psychological Science20 (4): 473–479.
  • Vlaev, I.,Chater, N.,Stewart, N. and Brown, G. D. A. (2011): ‘Does the brain calculate value?’, Trends in Cognitive Sciences15 (11): 546–554.
  • Wagner, R. K. (2002): ‘Smart people doing dumb things: the case of managerial incompetence’, In Sternberg, R. J. (ed.): Why Smart People Can Be so Stupid. Yale University Press, New Haven , CT , pp.42–63.
  • WORLD BANK (1994): Averting the Old Age Crisis: Policies to Protect the Old and Promote Growth. Oxford University Press, New York .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.