Financial education and personal finance: a Boolean mathematical algorithm in an applied case
DOI:
https://doi.org/10.55204/trc.v3i1.e183Keywords:
Financial education, Financial skills, Finance, Capabilities, KnowledgeAbstract
Financial education refers to the body of knowledge, skills and values needed to make smart and responsible financial decisions. This includes the ability to manage money, understand how financial markets work, how to invest wisely, and how to plan for the financial future. This research is structured on the evaluation of probabilistic chance factors of financial literacy in graduate students based on financial competencies, financial knowledge, skills and financial capabilities. The mathematical model Fuzzy Set Qualitative Comparative Analysis (fsQCA) is used for its resolution. Having disaggregated each of the combinatorial probabilities among the analysis variables, the hypothesis (H1 and H2) can be accepted, in other words, Financial attitude and Behavioralism and skills for financial development are "necessary" elements for the fsQCA application, with consistencies of 0.996 and 0.976. However, the category of knowledge embodied in H3 is not totally excluded, it is present in some combinations and has a level of consistency of 0.847.
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