From Novice to Know-It-All: How Google-Based Financial Learning Affects Financial Confidence and Decisions
The Internet has become a primary source of information about investing. However, Google inflates people’s sense of financial knowledge (Experiment 1). This Google-induced overconfidence makes people bet more on their own financial decisions without improving actual performance (Experiment 1) and deviate from professional recommendations, towards riskier investments (Experiment 2).
Citation:
Adrian Ward, Tito L. H. Grillo, and Philip M. Fernbach (2018) ,"From Novice to Know-It-All: How Google-Based Financial Learning Affects Financial Confidence and Decisions", in NA - Advances in Consumer Research Volume 46, eds. Andrew Gershoff, Robert Kozinets, and Tiffany White, Duluth, MN : Association for Consumer Research, Pages: 23-27.
Authors
Adrian Ward, University of Texas at Austin, USA
Tito L. H. Grillo, University of Texas at Austin, USA
Philip M. Fernbach, University of Colorado, USA
Volume
NA - Advances in Consumer Research Volume 46 | 2018
Share Proceeding
Featured papers
See MoreFeatured
Globalizing from the Periphery: The Role of Consumer Paratextual Translation
Angela Gracia B. Cruz, Monash University, Australia
Yuri Seo, University of Auckland, New Zealand
Itir Binay, Monash University, Australia
Featured
H4. Anthropomorphism Moderates the Effect of Ownership on Self Perceptions
Qiang Zhou, University of Texas at San Antonio, USA
Dengfeng Yan, University of Texas at San Antonio, USA
Featured
Green Experiences: Using Green Products Improves the Accompanying Consumption Experience
Ali Tezer, HEC Montreal, Canada
H. Onur Bodur, Concordia University, Canada