Amalia Di Girolamo|Glenn W. Harrison|Morten I. Lau|J. Todd Swarthout
Subjective belief distributions and the characterization of economic literacy
University of Birmingham|Georgia State University|University of Cape Town|IZA - Institute of Labor Economics|Durham University|IZA - Institute of Labor Economics|Copenhagen Business School|Georgia State University
characterize literacy individual domain elicited subjective belief distribution possible responses question posed domain eliciting distribution rather answers truefalse multiple choice questions directly measure confidence individual knowledge fact consider literacy across several financial economic domains find considerable demographic heterogeneity degree literacy also measure degree consistency within sample knowledge even knowledge imperfect