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@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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