Thank you for your comment, Steven, but I believe your criticism is unfair. Certainly, we are paying a lot of attention on studying cognitive biases and on how financial literacy is measured. For example, research currently underway is exploring alternate masures of financial literacy that do not rely on computational skills, but rather focus on basic financial awareness and financial attitudes. Similarly, we are borrowing tools from psychology to identify behavioral biases people may exhibit (such as overestimating small-scale probabilities, which leads them to overestimate their chances of winning a lottery). Further, we are studying whether people can be effectively de-biased using financial literacy and other engagement tools (such as experiencial games).