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Study On The Influence Of Psychological Factors In Finanicial Decission Making

Author

Listed:
  • Mihaela GÂDOIU

    (Faculty of Economics and Law, University of Pitesti, Romania)

Abstract

This paper aimed to highlight how the behavior of managers is influenced by psychological factors. The main objective was a review of the factors of a psychological nature, both under the positive and negative effect, on the actions taken by the managers in the decision-making process. The presented theme emphasizes that managers faced with the adoption of decisions that involve performing complex analyzes by processing a large information volume, are tempted to make assessments based on personal beliefs, perceptions, expectations or subjective interpretations.

Suggested Citation

  • Mihaela GÂDOIU, 2022. "Study On The Influence Of Psychological Factors In Finanicial Decission Making," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 21(1), pages 67-72.
    • Handle: RePEc:pts:journl:y:2022:i:1:p:67-72
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    File URL: http://economic.upit.ro/RePEc/pdf/2022_1_11.pdf
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    References listed on IDEAS

    as
    1. George A. Akerlof & Rachel E. Kranton, 2000. "Economics and Identity," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(3), pages 715-753.
    2. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.
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    More about this item

    Keywords

    Decision-making process; Financial decisions; Behavioral economics and behavioral finance; Experimental economics; Psychological factors.;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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