Tuesday, 20th October 2020 – from 4:00 pm to 6:30 pm
Museum of Saving, Via San Francesco d’Assisi 8/A, Turin (IT)
This international seminar will represent the occasion for the presentation of the book published by Elgar entitled “Financial Education and Risk Literacy” forming part of BEFAIRLY – Behavioural Financial Regulation and Policy Series- an initiative started in 2017 by Herbert Simon Society in collaboration with the Bank of Italy and the Max Planck Institute for Human Development.
This innovative book explores the relationship between financial literacy, financial education and regulation, and risk literacy providing a broad range of different perspectives.
The seminar will debate on the social and cultural determinants of financial education, the role of the banking system in promoting financial literacy, how governments and regulatory authorities are dealing with financial education programmes in schools, the role of technology, and the effect of financial literacy and risk perception on investment choices.
Featuring interventions from different methodological backgrounds, the seminar will offer a rich and multifaceted debate exploring theory and empirical evidence, combining traditional approaches linked to the characteristics of financial markets with the insights drawn from behavioural research showing how this can create better financial education.
The seminar will include the interventions of international experts as keynote speakers such as Prof. Hersh Shefrin (University of Santa Clara) and Ralph Hertwig (Max Planck Institute).
A discussion will follow on the characteristics of behaviours that might affect the policy maker’s mix of financial education, choice architecture, and regulation as tools to help consumer financial behavior. Finally, conclusions will be provided by Prof. Elsa Fornero (University of Turin).