The Role of Emotions in Financial Decisions – Behavioral
Finance Approach

D 2017

The Role of Emotions in Financial Decisions – Behavioral Finance Approach

RAKOVSKÁ, Zuzana a Věra JANČUROVÁ

Základní údaje

Originální název

The Role of Emotions in Financial Decisions – Behavioral Finance Approach

Autoři

RAKOVSKÁ, Zuzana (703 Slovensko, garant, domácí) a Věra JANČUROVÁ (203 Česká republika, domácí)

Vydání

Bratislava, Proceedings of the 9th International Conference of Currency, Banking and International Finance, od s. 217-224, 8 s. 2017

Nakladatel

Ekonóm, University of Economics in Bratislava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Odkazy

URL

Kód RIV

RIV/00216224:14560/17:00095933

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-225-4362-0

UT WoS

000411851600028

Klíčová slova anglicky

emotions; attachment bias; disposition effect

Změněno: 12. 11. 2017 11:45, Mgr. Zuzana Gric, Ph.D.

Anotace

V originále

Traditional finance theory tends to ignore effects of emotions as it assumes that people always behave rationally. Emerging empirical research in behavioral finance shows that feelings do play a role in investor decision making and that individual psychology affects subsequent asset pricing. This paper examines the role of emotions in decision making of economic agents while distinguishing between two sides of debate among researches: the first, analyzing enhancing role of emotions in investment decisions and the second, arguing that emotions detract good investments. Using a qualitative, explanatory approach, the study considers connection of emotions with concepts of behavioral finance, such as disposition effect or attachment bias, and discusses how feelings contribute to explanation of these irrational behaviors observed in empirical studies of financial markets.

Návaznosti

MUNI/A/0823/2016, interní kód MU

Název: Behaviorální, znalostní a ekonomické aspekty oceňování a obchodování finančních a jiných aktiv (Akronym: BZEAO)

Investor: Masarykova univerzita, Behaviorální, znalostní a ekonomické aspekty oceňování a obchodování finančních a jiných aktiv, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

RAKOVSKÁ, Zuzana a Věra JANČUROVÁ. The Role of Emotions in Financial Decisions – Behavioral Finance Approach. In Jana Kotlebová. Proceedings of the 9th International Conference of Currency, Banking and International Finance. Bratislava: Ekonóm, University of Economics in Bratislava, 2017, s. 217-224. ISBN 978-80-225-4362-0.

@inproceedings{1361844,
   author = {Rakovská, Zuzana and Jančurová, Věra},
   address = {Bratislava},
   booktitle = {Proceedings of the 9th International Conference of Currency, Banking and International Finance},
   editor = {Jana Kotlebová},
   keywords = {emotions; attachment bias; disposition effect},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Bratislava},
   isbn = {978-80-225-4362-0},
   pages = {217-224},
   publisher = {Ekonóm, University of Economics in Bratislava},
   title = {The Role of Emotions in Financial Decisions – Behavioral Finance Approach},
   url = {http://iccbif.kbmf.nhf.euba.sk},
   year = {2017}
}

TY  - JOUR
ID  - 1361844
AU  - Rakovská, Zuzana - Jančurová, Věra
PY  - 2017
TI  - The Role of Emotions in Financial Decisions – Behavioral Finance Approach
PB  - Ekonóm, University of Economics in Bratislava
CY  - Bratislava
SN  - 9788022543620
KW  - emotions
KW  - attachment bias
KW  - disposition effect
UR  - http://iccbif.kbmf.nhf.euba.sk
L2  - http://iccbif.kbmf.nhf.euba.sk
N2  - Traditional finance theory tends to ignore effects of emotions as it assumes that people always behave rationally. Emerging empirical research in behavioral finance shows that feelings do play a role in investor decision making and that individual psychology affects subsequent asset pricing. This paper examines the role of emotions in decision making of economic agents while distinguishing between two sides of debate among researches: the first, analyzing enhancing role of emotions in investment decisions and the second, arguing that emotions detract good investments. Using a qualitative, explanatory approach, the study considers connection of emotions with concepts of behavioral finance, such as disposition effect or attachment bias, and discusses how feelings contribute to explanation of these irrational behaviors observed in empirical studies of financial markets.
ER  -

RAKOVSKÁ, Zuzana a Věra JANČUROVÁ. The Role of Emotions in Financial Decisions – Behavioral Finance Approach. In Jana Kotlebová. \textit{Proceedings of the 9th International Conference of Currency, Banking and International Finance}. Bratislava: Ekonóm, University of Economics in Bratislava, 2017, s.~217-224. ISBN~978-80-225-4362-0.

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