Cognitive/Emotional Errors and Financial Education

Anastasios D. Konstantinidis (), Spinthiropoulos Konstantinos (), Garefalakis Alexandros () and Hara Haritaki ()
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Anastasios D. Konstantinidis: University of Western Macedonia
Spinthiropoulos Konstantinos: University of West Macedonia
Garefalakis Alexandros: School of Economic Sciences, School of Management and Economics Sciences, Department of Business Administration and Tourism
Hara Haritaki: School of Economic Sciences, School of Management and Economics Sciences, Department of Accounting and Finance

Chapter Chapter 14 in Advances in Quantitative Economic Research, 2022, pp 189-202 from Springer

Abstract: Abstract Behavioral Finance has already become the new theoretical financial paradigm. Based on other disciplines, such as psychology, sociology, and philosophy, it comes to fill in the gaps of the Efficient Market theory by studying and interpreting the behavior of people who are involved in the stock market, and, thus, discover the reasons for wrong investment choices and financial anomalies resulting from such activities. The research carried out on a sample of students attending additional degree upgrading courses demonstrates that the subjects, who are also going to be prospective investors and stock market professionals, are vulnerable to cognitive and emotional errors.

Keywords: Cognitive errors; Emotional errors; Behavioral finance; Efficient market theory (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-98179-2_14

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DOI: 10.1007/978-3-030-98179-2_14

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