Advances in the Theory and Applications of Financial Literacy

A special issue of Games (ISSN 2073-4336). This special issue belongs to the section "Applied Game Theory".

Deadline for manuscript submissions: 31 October 2024 | Viewed by 381

Special Issue Editors

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Guest Editor
Department of Management, Sapienza University of Rome, 00185 Rome, Italy
Interests: econometric modelling of experimental data (experimetrics); structural model estimation; monte Carlo simulation techniques; finite and continuous mixture models; estimation of limited dependent variable models; panel data; simultaneous equation systems; survey methodology; survey data analysis
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Guest Editor
Department of Statistics, Sapienza University of Rome, 00161 Rome, Italy
Interests: gender economics; labour economics; human development; data feminism
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Guest Editor
Department of Economics, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK
Interests: economics

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Guest Editor
Department of Statistics, Sapienza University of Rome, 00161 Rome, Italy
Interests: financial literacy; machine learning; decision trees; random forest; gradient boosting; self-efficacy in higher education; gender gaps; maternal employment; Argentina; Guatemala
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Special Issue Information

Dear Colleagues,

Economic theory postulates that investors act rationally in making financial decisions. However, such behaviour often deviates from economic theory’s predictions. In the past decades, intensive theoretical and empirical research has been concentrated on discovering which theories are most robust and persuasive in describing empirical investors’ behaviour. These studies have revealed considerable heterogeneity in observed behaviour, and that there is not one single theory capable of describing it. Moreover, behavioural economists have shown that psychological factors (such as emotions), demographic characteristics (age, gender, race, etc.) and social norms may not only explain deviations from rational financial pre-dictions but also differences between and within individuals, ceteris paribus. 

By the same token, the main differences in investment decisions, both between and within individuals, may be driven by investors' level of financial knowledge. So differences in the investment decisions and in risk and/or ambiguity propensity can be explained by looking at differences in the levels of financial literacy and financial sophistication, whose measures can reach different levels of refinement. 

This Special Issue welcomes submissions mainly, but not exclusively, on experimental, empirical, and theoretical contributions on this topic. We encourage the submission of studies focusing on financial literacy's effect on financial decision-making and financial wellbeing as well as on socio-economic inequalities. Contributions based on survey data, proposals for new measures of financial literacy, as well as literature reviews or appraisals of the existing literature are also encouraged. Applications to games and strategic decision-making are highly appreciated.

Topics of interest include but are not limited to:

  • Behavioural finance and financial literacy;
  • Risk aversion and financial literacy;
  • Reverse causality between financial literacy and financial/economic behaviour;
  • Financial literacy and financial wellbeing;
  • Gender gaps in financial literacy;
  • Financial literacy and ageing (pensions);
  • Alternative measures of financial literacy;
  • Financial literacy in the wake of Covid-19 pandemic;
  • Theoretical and econometric modelling of financial literacy and risk.

Prof. Dr. Anna Conte
Prof. Dr. Marcella Corsi
Dr. Paola Paiardini
Dr. Zacchia Giulia
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Games is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.


  • financial literacy
  • financial knowledge
  • behavioural finance
  • gender gaps in financial literacy
  • financial wellbeing

Published Papers

This special issue is now open for submission.
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