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Activity Number:
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72
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Type:
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Contributed
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Date/Time:
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Sunday, July 29, 2007 : 4:00 PM to 5:50 PM
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Sponsor:
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Social Statistics Section
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| Abstract - #308493 |
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Title:
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Analyzing the Changes in Repeated Measures Responses in Financial Literacy Education
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Author(s):
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Xin Shi*+ and Pauline Davis and Sue Ralph and Valerie Farnsworth and Laura Black and Afroditi Kalambouka
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Companies:
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University of Manchester and University of Manchester and University of Manchester and University of Manchester and University of Manchester and University of Manchester
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Address:
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196 Littlemoor Lane, Oldham, OL4 2RH, , United Kingdom
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Keywords:
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probabilistic ; financial literacy education ; logistic regression ; Monte Carlo
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Abstract:
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This paper develops a general method for measuring the changes in repeated measures responses over time for single items. Data is taken from the first two cohorts of a three-year longitudinal study of financial literacy education. The logistic regression model is used to estimate changing patterns in students' personal financial management awareness and practices. Monte Carlo simulation method is applied to analyze the changes in students' personal financial management awareness and practices. Such a statistical analysis of "the changes in responses" for single items is appropriate when access to latent dimensions such as attitudinal measures is not feasible. The approach has wide application in a number of educational research contexts.
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