ISBN:
9781032508719
,
9781032508733
Language:
Undetermined
Pages:
1 Online-Ressource (53 p.)
DDC:
332.01/9
Keywords:
Finance Psychological aspects
;
Finance Technological aspects
;
Economics Psychological aspects
;
Finance
;
Economic theory & philosophy
;
Investment & securities
;
Business & management
;
Economics
;
Economic theory and philosophy
;
Investment and securities
;
Business and Management
;
Finance and the finance industry
;
Saving and investing; digital finance; finance; financial inclusion
Abstract:
The chapter presents the results of undertaken primary research, which delves into the relationship between economic and psychological factors in the realm of digital finance. The research examines the behavior and preferences of market participants and their relationship with financial literacy. It explores various dimensions such as saving propensity, investment diversification, portfolio selection, profit-risk relationship, typology of financial literacy, self-assessed financial knowledge, post-pandemic changes in trust in different forms of payment, usage of digital payment methods, familiarity with robo-advisory, preferences for AI advisory in different spheres, and preferences for saving and investment robo-advisory recommendations. The research was conducted among an internationally diverse sample from Poland, India and the USA, and took place in the post-pandemic reality. Comparing data from international samples, research conducted for this book shows the current picture of financialization within three contemporary, but culturally and economically diversified societies. The empirical chapter includes models that demonstrate the relationships between economic and psychological variables, as well as characteristics related to decision-making in the digital reality. These models allow for generalization of the research to a wider groups, of international financial markets participants
Abstract:
"Due to swift technological change and the resultant digital revolution, a wide range of new digital financial products and services have emerged in the financial markets, as witnessed in the context of the FinTech sector, the economics of blockchain and NFT issuance. This book takes an in-depth look at the challenges faced by individuals making investment decisions in a rapidly changing financial world and presents a concise and thorough overview of the multifaceted approach to investment and savings behavior. It explores behavioral digital finance, referencing the latest theories in economic psychology and financial markets and provides an analysis of the process of saving and investing in the context of our new digital reality, where an understanding of human - AI interaction, its benefits and threats is extremely important. It combines an accessible overview of classical and new behavioral theories, models of financial decision making as well as an analysis of the new trends in financial decision making. Special attention is given to financial decision support systems and the role of financial advice services, which are of growing importance, due to their increasing complexity and difficulty. The book combines theoretical considerations and wide-reaching empirical analyses from a representative sample of international respondents. It deals with the individual approach to human risk-taking, and human - AI interaction, its benefits, and threats. The book explores how people react to algorithms, what drives algorithm aversion and appreciation, and how understanding of those mechanisms can be employed to improve financial advisory systems, and also considers the impact of the Covid-19 pandemic on financial behavior"--
Note:
English
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