Financial literacy and psychological disaster preparedness: applicability of approach based on fuzzy functional dependencies

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F22%3A10249344" target="_blank" >RIV/61989100:27510/22:10249344 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.sciencedirect.com/science/article/abs/pii/S0306457321003204" target="_blank" >https://www.sciencedirect.com/science/article/abs/pii/S0306457321003204</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ipm.2021.102848" target="_blank" >10.1016/j.ipm.2021.102848</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Financial literacy and psychological disaster preparedness: applicability of approach based on fuzzy functional dependencies

Popis výsledku v původním jazyce

Recent catastrophes and crises emphasize the necessity of an individual&apos;s and household&apos;s preparedness for coping with these events. Previous research focuses mainly on short-term preparation and immediate response to catastrophes. The ex ante approach to managing long-term effects can rarely be found in literature, especially with an emphasis on financial preparedness. In this work, we use a soft computing method for analysing the social/psychological effects and implications. Specifically, we focus on data mining and linguistic interpretation of the effects of financial literacy on psychological preparedness for disasters, using fuzzy functional dependencies (FFDs). FFDs determine influences between features in datasets and examine neighbouring categorical answers with a certain degree of similarity, which overcomes indecisiveness when marking a categorical answer. Based on the surveyed data, we show that FFDs offer an approach for discovering additional patterns and explaining those patterns linguistically. Our results are as follows: financial literacy significantly influences anxiety, lack of control, nervousness, and fear of death (in order of intensity). Using this approach, we conclude that being better financially prepared can help in long-term disaster risk management. Financial preparedness is also helpful in mitigating psychological risks related to disasters. This paper provides results that can support the designing knowledge management solutions in order to improve psychological disaster preparedness.

Název v anglickém jazyce

Financial literacy and psychological disaster preparedness: applicability of approach based on fuzzy functional dependencies

Popis výsledku anglicky

Recent catastrophes and crises emphasize the necessity of an individual&apos;s and household&apos;s preparedness for coping with these events. Previous research focuses mainly on short-term preparation and immediate response to catastrophes. The ex ante approach to managing long-term effects can rarely be found in literature, especially with an emphasis on financial preparedness. In this work, we use a soft computing method for analysing the social/psychological effects and implications. Specifically, we focus on data mining and linguistic interpretation of the effects of financial literacy on psychological preparedness for disasters, using fuzzy functional dependencies (FFDs). FFDs determine influences between features in datasets and examine neighbouring categorical answers with a certain degree of similarity, which overcomes indecisiveness when marking a categorical answer. Based on the surveyed data, we show that FFDs offer an approach for discovering additional patterns and explaining those patterns linguistically. Our results are as follows: financial literacy significantly influences anxiety, lack of control, nervousness, and fear of death (in order of intensity). Using this approach, we conclude that being better financially prepared can help in long-term disaster risk management. Financial preparedness is also helpful in mitigating psychological risks related to disasters. This paper provides results that can support the designing knowledge management solutions in order to improve psychological disaster preparedness.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

10200 - Computer and information sciences

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Information Processing and Management

ISSN

0306-4573

e-ISSN

1873-5371

Svazek periodika

59

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

12

Strana od-do

nestrankovano

Kód UT WoS článku

000744094000001

EID výsledku v databázi Scopus

2-s2.0-85121820483