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Application of item response theory in measuring financial literacy Dr. Krishnan M Rakesh Assistant Professor, Rajagiri College of Social Sciences, Kerala, India. Email id: mrakeshkrishnan@gmail.com Online published on 10 October, 2018. Abstract The whole set of procedure established for development of measuring scales in social sciences was for ensuring their reliability and validity. However, the itemization of scales is a found to be still unscientific and unreliable. This article explores the scope of Item Response Theory in choosing the items for the operationalization of scales for measuring financial literacy. Top Keywords Item Response Theory, Financial Literacy, Retail Investor, Scales, Investor Knowledge. Top | |
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