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Asian Journal of Multidimensional Research (AJMR)
Year : 2018, Volume : 7, Issue : 9
First page : ( 168) Last page : ( 173)
Online ISSN : 2278-4853.

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.

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Keywords

Item Response Theory, Financial Literacy, Retail Investor, Scales, Investor Knowledge.

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