Rationality of more and less experienced groups of finance professionals. Example of Poland

Monika Bolek () and Rafal Wolski ()
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Monika Bolek: Faculty of Economics and Sociology, University of Lodz
Rafal Wolski: Faculty of Economics and Sociology, University of Lodz

No 9912031, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: The goal of this paper is to discuss the rationality of market professionals and analyze the behavioral biases they are subject to. It is assumed that less biased decisions are representing more rational behavior. Analyzing the groups of finance professionals: investment fund managers and finance students it has been proven, that managers are more rational than students and their decisions are less biased. The homo oeconomicus idea in relation to the professionals operating on a capital market is analyzed in the light of economic theories evolution together with the behavioral finance findings.

Keywords: rationality; professionals; financial market; behavioral finance (search for similar items in EconPapers)
JEL-codes: E03 G02 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2019-10
New Economics Papers: this item is included in nep-upt
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Published in Proceedings of the Proceedings of the 52nd International Academic Conference, Barcelona, Oct 2019, pages 37-52

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:9912031

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