- The AFS Conference will feature speakers, symposia, and several special sessions. Among them, we will introduce a new panel session for PhD students, highlighting how to best navigate the job market.
- With the generous support of our sponsors, the Academy has awarded several best paper awards during past meetings and we anticipate continuing Best Paper awards in 2021.
- We will continue with our Emerging Scholar Award to a current graduate student for promising research work on a paper or poster presented at the conference.
Perception Bias in the Financial Knowledge of American Adults
Keywords
Perception-Bias; Financial-Knowledge; Two-step-procedure; Surrogate-residual; Mixed-effects-model;
Short Description
Perception biases, individuals’ tendency to either overestimate or underestimate their abilities, exist in the domain of financial knowledge. This study utilizes data from a nationally representative sample of 26,218 American adults, provided by the 2018 National Financial Capability Study. A two-step procedure is used to analyze the data. The surrogate residuals are extracted from ordered-probit regression models in the first step to provide appropriate measures for the perception biases in financial knowledge. The second step of the two-step procedure estimates variable-intercept mixed-effects models to identify the predictors of perception biases in the financial knowledge of American adults.
Lead & Corresponding Author
![[photo]](https://8ca84662c5b8f0cff50d-4baaaf97d63fd7b01243e1b1c57f0cc1.ssl.cf1.rackcdn.com/2184/profile_5755c56187a58d2b8a90a1f19d607b36.png "Taufiq Hasan Quadria, Texas Tech University")
Taufiq Hasan Quadria, Texas Tech University
Job Title
GPTI