Why Financial Literacy Matters in a Digital Gambling World with Professor Annamaria Lusardi

In this episode, Professor Annamaria Lusardi, Professor of Finance at Stanford University and founder of the Global Financial Literacy Excellence Center, joins Professor Sally Gainsbury to discuss financial literacy, financial decision-making, and what gambling can reveal about the limits of financial capability. Their conversation explores why basic financial knowledge matters, including compound interest, inflation, risk, and diversification, while also considering the role knowledge plays in behavioural change. Visit BetWell: Bet with more clarity, insight and intention https://betwell.org.au/  Show notes and links: Professor Annamaria Lusardi: https://annamarialusardi.com/  Lusardi & Mitchell’s “Big Three” financial literacy measure: Lusardi, Annamaria, and Olivia S. Mitchell. 2014. "The Economic Importance of Financial Literacy: Theory and Evidence." Journal of Economic Literature 52 (1): 5–44.DOI: 10.1257/jel.52.1.5Stanford Initiative for Financial Decision-Making: https://ifdm.stanford.edu/  IFDM Big Three Financial Literacy Questions: https://ifdm.stanford.edu/the-big-three/quiz  IFDM financial calculators and educational resources: https://ifdm.stanford.edu/resourcehub  Book: Mellody Hobson, Priceless Facts about Money