Browsing by Author "Cebeci, Gizem Turna"

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    Intergenerational Transmission of Financial Biases
    (Elsevier Science inc, 2024) Cebeci, Gizem Turna
    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.