Behavioral and cognitive analysis of risky financial behavior: Case of loan issuance

Analyse comportementale et cognitive d'un comportement financier risqué: Cas d'émission d'un prêt

Othman Boulitama (), Karim Sabri and Brahim Sabiri
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Othman Boulitama: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)
Karim Sabri: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)
Brahim Sabiri: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)

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Abstract: According to the traditional economic approach, individual decisions are made in a way that reflects their own interests and is rational. Behavioral economics is a branch of economics that integrates economics and psychology in the analysis of human behavior. Indeed, opting for a risky financial choice is not always easy. For this, we seek to know the degree of difficulty related to the level of actions and behaviors of individuals faced with a risky financial choice. We developed an experimental framework in which the subject had to choose between two risky choices during a debt transaction. In addition, we conducted a two-level questionnaire (control and experimental situation) via the computer-assisted diffusion method. Computer-Assisted Web Interviewing (CAWI) with 114 anonymous Moroccan individuals, in which they had to answer risk-free questions (control situation) followed by risky shows (experimental financial situation). The study revealed that the time given by subjects to risk-free questions (M = 3.09 min) was less than that given to risky questions (M = 10.29 min). Similarly, gender impacts the duration of response to risky questions (p

Keywords: Financial Behavior; Risk; Loan; Comportement financier; Risque; Prêt (search for similar items in EconPapers)
Date: 2022-01-31
New Economics Papers: this item is included in nep-exp
Note: View the original document on HAL open archive server: https://hal.science/hal-03699024v1
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Published in International Journal of Accounting, Finance, Auditing, Management and Economics, 2022, ⟨10.5281/zenodo.5914665⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03699024

DOI: 10.5281/zenodo.5914665

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