STUDY ON THE INFLUENCE OF PSYCHOLOGICAL FACTORS IN FINANICIAL DECISSION MAKING

Mihaela Gâdoiu ()
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Mihaela Gâdoiu: Faculty of Economics and Law, University of Pitesti, Romania

Scientific Bulletin - Economic Sciences, 2022, vol. 21, issue 1, 67-72

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.

Keywords: Decision-making process; Financial decisions; Behavioral economics and behavioral finance; Experimental economics; Psychological factors. (search for similar items in EconPapers)
JEL-codes: G02 G11 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2022:i:1:p:67-72

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