Browsing by Author "Cebeci, Gizem Turna"

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    Intergenerational Transmission of Financial Biases
    (Elsevier Science inc, 2024) Cebeci, Gizem Turna; Turna Cebeci, Gizem
    The aim of this study is to test the intergenerational transmission of frequently observed financial biases. We elicited financial biases of first -year university students and their parents. Results indicate the intergenerational transmission of illusion of control, loss -aversion, and overconfidence from parents to children as well as transmission of affinity bias only from parents to daughters. Financial knowledge and saving habits of students have a strong influence on the transmission of financial biases. In addition, we found a moderate effect of economic preferences in the transmission process.