Psychological Aspects of Decision Making

Adam Szyszka

Chapter Chapter 2 in Behavioral Finance and Capital Markets, 2013, pp 37-58 from Palgrave Macmillan

Abstract: Abstract In its quest to explain the phenomena taking place in the capital market, behavioral finance has drawn a lot on psychological findings applying selected insights of this branch of science to the study of investor behavior. The great majority of these insights do not provide theoretical background as such. Rather, they concern certain phenomena previously described by psychology which were later transposed onto economics and finance. Only then were they used to construct models of investor behavior and develop a new school of thought in the theory of finance.

Keywords: Decision Maker; Discount Rate; Capital Market; Prospect Theory; Loss Aversion (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36629-0_3

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DOI: 10.1057/9781137366290_3

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