Thursday, June 3, 2010

Numeracy and Defaulting on One's Mortgage

Numeracy and the Subprime Crisis, a recent article in the Economist based on research by the Federal Reserve Bank of Atlanta examines the numeracy skills of subprime borrowers to try to determine who is more likely to default on their mortgages. What do you think of the quiz and the role that mathematical understanding plays in financial decision making?

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