Racionalidad, uso de información y decisiones financieras

María Roa García ()

No DTE 478, Working Papers from CIDE, División de Economía

Abstract: The objective of this paper is to discuss the assumptions of rationality of individuals in their use and acquisition of information to make financial institutions produce information that is rationally used by individuals. The frictions associated with asymmetric information problems or lack of financial knowledge are reduced or eliminated, and the decisions of agents are optimal. Base don recent literature by Behavioral Finance, our hypothesis is that psychological aspects of the individual, such as the existence of trust in those agencies or institutions with whom they conduct financial transactions, or limited ability to process complex and abundant information, may reduce or eliminate the role of information in making financial decisions. This may explain, in part, why in the real world, financial decisions are far from rational and optimal.

Keywords: rationality; use of information; financial decisions; psychology (search for similar items in EconPapers)
JEL-codes: G02 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2010-08
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE478.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:emc:wpaper:dte478

Access Statistics for this paper

More papers in Working Papers from CIDE, División de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Mateo Hoyos ().