• Shawn Cole


The ABCs of Financial Education: Experimental Evidence on Attitudes, Behavior, and Cognitive Biases. Shawn Cole, September 2015, Paper. “This paper uses a large scale field experiment in India to study attitudinal, behavioral, and cognitive constraints that stymie the link between financial education and financial outcomes. The study complements financial education with (i) participant classroom motivation with pay for performance on a knowledge test, (ii) intensity of treatment with personalized financial counseling, and (iii) behavioral nudges with financial goal setting. The analysis finds no impact of pay for performance …” Link