- Original authors / creators
- Somtip Watanapongvanich; Punjapol Binnagan; Pongpat Putthinun; Mostafa Saidur Rahim Khan; Yoshihiko Kadoya
- Original publication
- Journal of Gambling Studies · · 2020-03-17
- License & retained notices
- CC BY 4.0
© The Author(s) 2020
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https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/. Article-specific license URI: https://creativecommons.org/licenses/by/4.0/ - Edition changes
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- Evidence limits
- Adjacent research, not a directly sampled family-office study. Applicability to a family office requires separate assessment. This study has limitations. First, we used only three questions to measure the level of financial literacy. However, these three questions, designed by Lusardi and Mitchell (2008, 2011), have been used to measure financial literacy in many countries and have made financial literacy comparable internationally (e.g., Almenberg and Säve-Söderbergh 2011; Crossan et al. 2011; Fornero and Monticone 2011; Kadoya and Khan 2019; Kadoya et al. 2018; Klapper and Panos 2011; Sekita 2011; Lusardi and Mitchell 2014). Second, we used only one question on the frequency of gambling to measure gambling behavior. This is because the PPS is the only survey in Japan that contained questions on gambling behavior, financial education, financial literacy, and demographic variables. Nevertheless, based on data availability, our study is a pioneer work that provides supporting evidence for the government’s promotion of financial literacy.
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- Preserved record
- Rights and full text checked 2026-11-05. Included in this volume on 2026-11-05. Original source dates remain unchanged.
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