Machine learning and financial literacy: An exploration of factors influencing financial knowledge in Italy

Artikel

In recent years, machine learning techniques have assumed an increasingly central role in many areas of research, from computer science to medicine, including finance. In the current study, we applied it to financial literacy to test its accuracy, compared to a standard parametric model, in the estimation of the main determinants of financial knowledge. Using recent data on financial literacy and inclusion among Italian adults, we empirically tested how tree-based machine learning methods, such as decision trees, random, forest and gradient boosting techniques, can be a valuable complement to standard models (generalized linear models) for the identification of the groups in the population in most need of improving their financial knowledge.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 3 ; Pages: 1-21 ; Basel: MDPI

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: machine learning ; decision trees ; financial literacy ; gradient boosting ; random forest

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Levantesi, Susanna ; Zacchia, Giulia
• Ereignis: Veröffentlichung
• (wer): MDPI
• (wo): Basel
• (wann): 2021

Weitere Informationen

• DOI: doi:10.3390/jrfm14030120
• Handle: http://hdl.handle.net/10419/239536
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ