In an increasingly complex and vulnerable environment, there is growing tendency of central banks and other institutions to promote economic education by running variety of educational programs. It might seem that economic education provides helpful option, how to isolate and effectively use information in the world full of technological advances and globalization, which creates challenge for individuals in terms of appropriate utilization of information.
In this sense it seems that economic education is essential for decision making of consumers but also for healthy financial decision making of business. However, various considerations emerge, whether dissemination of economic knowledge to a broader public is really worth the cost.
The effect of economic education on behavior might be weakened by several deficiencies present, where the utility from an application of economic knowledge is exceeded by costs. As a result, I po se a question, whether there is any causal relationship between economic education and achievement of optimum outcomes or at least significant reduction of sub- optimal behavior.
The aim of this experimental study, based on questionnaire investigation, will be verification of the aforementioned hypothesis about possible effects of economic education on selected samples of university students in humanities and students in economics, with identification of possible bias induced by deviations from standard axioms of rational choice. Many studies, based on questionnaire or experimental basis, deal with investigation of possible effects of economic education however, the evidence is rather mixed.Acquired preliminary results of this study might bring more light into this issue.
These findings might contribute to extensive research about economic literacy and its impact on achievement of optimum outcomes, which is rather topical within the context of investment programs aimed to increase economic literacy.