Can Financial Education Extend the Border of Bounded Rationality?

When choosing a particular alternative from a number of financial assets, risk is an important feature. According to the classic Capital Assets Pricing Model (CAPM), we would expect to receive a positive correlation between risk and return of financial assets. However, studies show that investors judge financial assets in terms of null or bad. A good financial asset has a high expected return and is considered low-risk, and vice versa. This type...