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Education and Inclusion

Date Posted: 29 January 2010

Last week we ran a seminar on financial education and inclusion and a visiting professor from the LSE quoted some great psychology experiments showing that Harvard dons and Wharton MBA’s are capable of making pretty awful financial decisions (and are still easily influenced by how things are presented to them). The clear implication was why bother fretting about educating people about finance if it doesn’t make much difference to how they behave?  I think I take an ethical view on this – people have to be given the chance of being commercially numerate and then they can choose whether to be wooed by specious promises of extraordinary returns (or indeed by the extraordinary assets of the beautiful people in the ads). 

At Financial Leeds we are committed to helping the education and inclusion agenda here in the City Region and will support developments in this area.
 


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