The plan of the paper is that evidence on the effect of financial education and literacy is first surveyed. Some of the behavioural biases most relevant to financial markets are then identified and implications for policy are considered. A fuller taxonomy of extant biases is provided in the Appendix. Finally, debiasing strategies appearing in the literature are discussed. Unfortunately, there is little work that directly considers whether biases can be eliminated by appropriate training, especially in a financial context. There is a clear need for more research in this area
