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In two studies (N1 = 430; N2 = 500) on a general Slovak population (50.3% female; age = 39.8 ± 11.7 years), we tested a structural model outlining the effects of one’s economic situation and its subjective perception on time and risk preferences (in tasks with hypothetical rewards), with financial literacy serving as a mediator of these relationships. Even after respecifying the model, mostly weak...
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