Jessica McKenzie
Divinity Revised: The De- and Re-Contextualization of Adolescent Divinity Reasoning in Globalizing Thailand
New directions for child and adolescent development
intertemporal choice refers decisionmaking process involving tradeoffs rewards available different points time choosing smaller immediate rewards versus larger rewards later empirical evidence often deviates exponential preferences predicted normative model hyperbolic discount function better mirrors individual behavior explaining temporal inconsistency whereby preferences vary time applying higher discount present hyperbolic preferences associated addictive behaviors smoking alcohol consumption well depression attention deficit hyperactivity disorder established measures literature quantify extent deviation exponential trend exhibited hyperbolic preferences addition behavioral cognitive factors essential incorporate financial literacy examination individual decisionmaking behaviors present study analyzes relationship degree decisionmaking inconsistency degree financial literacy inconsistency across three dimensions knowledge behavior attitudes aims illustrate financial literacy important sufficient ensure rational choices rather reveals strong correlation among dimensions results research could included creating investor profiles required mifid considering insights behavioral finance studies profiles understanding psychological biases influence financial decisionmaking empowers investors make informed decisions avoid common pitfalls