Assistant Professor, Rajagiri College of Social Sciences, Kerala, India. Email id: mrakeshkrishnan@gmail.com
Online published on 10 October, 2018.
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.
Item Response Theory, Financial Literacy, Retail Investor, Scales, Investor Knowledge
