Testing the relationship between confidence and effort: A behavioral finance perspective on the problem of financial literacy

• Main Authors: Jacob, Louie Bernard A., Rabago, Miguel Angelo S., Tan, Hans Erickson A.
• Format: text
• Language: English
• Published: Animo Repository 2023
• Subjects: Financial literacy—Philippines; Self-confidence—Economic aspects; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etdb_econ/34; https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1025&context=etdb_econ
• Institution: De La Salle University

There is longstanding literature on the theoretical basis of self-confidence having motivational value, such that it increases one's desire to exert effort. However, there has been little research to establish empirical evidence to validate this theory in controlled experiments, and there has y...