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Title:Financial Literacy and Portfolio Diversification Author(s):GUISO, Luigi; JAPPELLI, TullioDate:2008Type:Working PaperSeries/Number:EUI ECO; 2008/31Abstract:In this paper we focus on poor financial literacy as one potential factor explaining lack of portfolio diversification. We use the 2007 Unicredit Customers’ Survey, which has indicators of portfolio choice, financial ...