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Boot Camp 2025

Event Details:

Monday, June 23, 2025 - Friday, June 27, 2025

Videos    Reading List    Program and Presentations    Photo Gallery

The Financial Literacy Research Boot Camp at Stanford University brought together Ph.D. students, postdocs, early-career researchers, and assistant professors to learn, explore, and connect with peers. Throughout the week, participants engaged with leading experts in financial decision-making, financial literacy, personal finance, and applied econometrics. They also explored innovative approaches to teaching personal finance. It was a week filled with learning, collaboration, and a shared commitment to shaping the future of financial decision-making research. 

We were proud to collaborate with the G53 Financial Literacy and Personal Finance Research Network and the Joachim Herz Foundation (Joachim Herz Stiftung) to bring this training to life. 

We thank the faculty who inspired our participants through lectures, panels, and mentoring.

Photo Gallery

Videos

Keynote Address: “A New Framework for Financial Education”

Keynote Speaker: B. Douglas Bernheim, Stanford University
Moderator: Annamaria Lusardi, Stanford University
View Presentation

Fireside Chat: “Research and its Impact on Policy”

Speaker: Neale Mahoney, Stanford University
Moderator: Annamaria Lusardi, Stanford University

Fireside Chat: “Teaching Personal Finance at Stanford”

Speakers: Michael Boskin and John Shoven, Stanford University
Moderator: Annamaria Lusardi, Stanford University

Reading List

  1. Bucher-Koenen, Tabea, Rob Alessie, Annamaria Lusardi, and Maarten van Rooij. 2025. "Fearless Woman: Financial Literacy, Confidence, and Stock Market Participation." Management Science 71 (5): 2231–2255.
  2. Kaiser, Tim, Annamaria Lusardi, Lukas Menkhoff, and Carly Urban. 2022. "Financial Education Affects Financial Knowledge and Downstream Behaviors." Journal of Financial Economics 145 (2): 255–272.
  3. Luedtke, Allison Oldham, and Carly Urban. 2024. “High school financial education courses in the United States.: What is the importance of setting state policies?” Journal of Financial Literacy and Wellbeing 1 (3): 431-449.
  4. Lusardi, Annamaria, and Olivia S. Mitchell. 2023. "The Importance of Financial Literacy: Opening a New Field." Journal of Economic Perspectives 37 (4): 137–54.
  5. Lusardi, A. and Olivia S. Mitchell. 2011. “Financial Literacy around the World: An Overview.” Journal of Pension Economics and Finance, October: 497–508.
  6. Lusardi, Annamaria, Pierre-Carl Michaud, and Olivia S. Mitchell. 2017. “Optimal Financial Knowledge and Wealth Inequality.” Journal of Political Economy 125 (2): 431–477.
  7. van Rooij, Maarten, Annamaria Lusardi, and Rob Alessie. 2011. "Financial Literacy and Stock Market Participation." Journal of Financial Economics 101 (2): 449–472.

Program and Presentations

Schedule

Monday, June 23, 2025

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    Session 1: Introduction to financial literacy and personal finance

    Lecturer: Annamaria Lusardi, Stanford University
    View Presentation

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    Session 2: Measurement of financial literacy – part I

    Lecturer: Annamaria Lusardi, Stanford University
    View Presentation

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    Session 3: Measurement of financial literacy– part II

    Lecturer: Annamaria Lusardi, Stanford University
    View Presentation

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    Session 4: Surveys and data to study financial literacy: what is missing? Let’s fill the gaps.

    Lecturer: Annamaria Lusardi, Stanford University
    Instructor: Alessia Sconti, University of Bergamo and Bocconi University
    View Presentation

  • -

    Session 5: Financial literacy and financial behavior

    Lecturer: Annamaria Lusardi, Stanford University
    Instructor: Alessia Sconti, University of Bergamo and Bocconi University
    View Presentation

  • -

    Fireside Chat: “Teaching Personal Finance at Stanford”

    Speakers: Michael Boskin and John Shoven, Stanford University
    Moderator: Annamaria Lusardi, Stanford University
    Watch the video

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    Session 6: Teaching Personal Finance

    Lecturer: Annamaria Lusardi, Stanford University
    Instructor: Hakan Özyilmaz, Stanford University
    View Presentation

Tuesday, June 24, 2025

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    Session 1: Explaining gender differences in financial literacy – part I

    Lecturers: Tabea Bucher-Koenen, University of Mannheim, and Rob Alessie, University of Groningen
    View presentation

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    Session 2: Explaining gender differences in financial literacy – part II

    Lecturers: Tabea Bucher-Koenen, University of Mannheim, and Rob Alessie, University of Groningen
    View Presentation

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    Session 3: Discussion of research ideas

    Moderators: Tabea Bucher-Koenen, University of Mannheim, and Rob Alessie, University of Groningen
    Instructor: Alessia Sconti, University of Bergamo and Bocconi University
    View Presentation

  • -

    Fireside Chat: “Research and its impact on policy”

    Speaker: Neale Mahoney, Stanford University
    Moderator: Annamaria Lusardi, Stanford University
    Watch the video

  • -

    Session 4: Using state-level mandate data to assess the impact of financial education

    Lecturer: Carly Urban, Montana State University
    View Presentation

  • -

    Session 5: Using school-level mandate data to assess the impact of financial education

    Lecturer: Carly Urban, Montana State University
    View Presentation

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    Session 6: The effect of high-school mandates on financial behavior – A review of econometric approaches and findings

    Lecturer: Carly Urban, Montana State University
    Instructor: Alessia Sconti, University of Bergamo and Bocconi University
    View Presentation >

Wednesday, June 25, 2025

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    Session 1: Discussion of research ideas

    Lecturers: Carly Urban, Montana State University, and Tim Kaiser, RPTU and Stanford University
    Instructor: Alessia Sconti, University of Bergamo and Bocconi University
    View Presentation
    View Challenge
    View info

  • -

    Keynote Address: “A new framework for financial education”

    Keynote Speaker: B. Douglas Bernheim, Stanford University
    Moderator: Annamaria Lusardi, Stanford University
    View Presentation
    Watch the video

  • -

    Session 2: Field Experiments in Financial Literacy and Personal Finance – Part I

    Lecturer: Tabea Bucher-Koenen, University of Mannheim
    View Presentation

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    Session 3: Field Experiments in Financial Literacy and Personal Finance – Part II: Learning from meta-analyses and open questions on causal mechanisms, scalability and long-term effects

    Lecturer: Tim Kaiser, RPTU and Stanford University
    View Presentation

  • -

    Fireside Chat: “Publishing and academic careers”

    Speaker: Annamaria Lusardi, Stanford University
    Moderator: Carly Urban, Montana State University

Thursday, June 26, 2025

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    Special address: “The rise of alternative investments”

    Speaker: Ken Singleton, Stanford University
    Moderator: Annamaria Lusardi, Stanford University

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    Session 1: Theoretical frameworks for financial literacy

    Lecturer: Rob Alessie, University of Groningen
    View Presentation

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    Session 2: Theoretical models and empirical evidence for financial literacy

    Lecturer: Tabea Bucher-Koenen, University of Mannheim
    View Presentation

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    Session 3: “Behind the curtain" on research practices and success

    Lecturer: Carly Urban, Montana State University
    Moderator: Annamaria Lusardi, Stanford University
    View Presentation

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    Session 4: Presentation of research from participants

    Moderators
    Alessia Sconti, University of Bergamo and Bocconi University
    Annamaria Lusardi, Stanford University

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    Session 5: Bridging the gaps: New research questions in personal finance and financial literacy - And the winner is..?

    Instructor: Alessia Sconti, University of Bergamo and Bocconi University

Friday, June 27, 2025

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    Session 1: Shaping the future of the field

    Moderator: Tabea Bucher-Koenen, University of Mannheim
    View Presentation

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    Session 2: Presentation of research work by participants

    Moderators
    Rob Alessie, University of Groningen 
    Alessia Sconti, University of Bergamo and Bocconi University

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