Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This study uses the data of a nationally representative survey in China to investigate the role of financial literacy overconfidence in investment fraud victimization. The study finds that male, wealthy, and educated respondents tend to be more confident about their financial knowledge. Moreover, overconfident respondents are more likely to believe that the abnormally high returns claimed in two hypothetical investment opportunities are attainable.