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Classical Lassical And Behavioural Finance In Investor Decision

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  • Lect. Aurora Murgea Ph. D

    (West University of Timisoara Faculty of Economics and Business Administration Timisoara, Romania)

Abstract

Conceptual model of individual investor behavior presented in this paper aims to structure a part of the vast knowledge about investor behavior that is present in the finance field. The investment process could be seen as driven by dual mental processes (cognitive and affective) and the interplay between these systems contributes to bounded rational behavior manifested through various heuristics and biases. The investment decision is seen as a result of an interaction between the investor and the investment environment

Suggested Citation

  • Lect. Aurora Murgea Ph. D, 2010. "Classical Lassical And Behavioural Finance In Investor Decision," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(38), pages 1-12, May.
    • Handle: RePEc:aio:aucsse:v:2:y:2010:i:12:p:212-223
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    File URL: http://feaa.ucv.ro/AUCSSE/0038v2-024.pdf
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    References listed on IDEAS

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    Cited by:

    1. Peter Hunguru & Vusumuzi Sibanda & Ruramayi Tadu, 2020. "Determinants of Investment Decisions: A Study of Individual Investors on the Zimbabwe Stock Exchange," Applied Economics and Finance, Redfame publishing, vol. 7(5), pages 38-53, September.

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    More about this item

    Keywords

    investor behaviour; financial decisions making; cognitive modelling; sentiments; market efficiency;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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