James Surowiecki wants one:
Some [critics of proper financial education:] suggest that financial illiteracy is an example of what economistscall "rational ignorance"—inattention that is justified because thecosts of paying attention outweigh the benefits. But few decisionsaffect us more directly than the ones we make about our money. Criticsalso argue that financial education may make people overconfident, andtherefore more likely to make bad decisions. In fact, the reverse istrue: the less...
Published on June 28, 2010 16:00