Object

Title: Self-deception in financial decisions

Title in english:

Samooszukiwanie w decyzjach finansowych

Creator:

Maciejasz-Świątkiewicz, Marta ; Musiał, Mateusz

Description:

Financial Sciences = Nauki o Finansach, 2019, vol. 24, no. 3, s. 23-34

Abstrakt:

Self-deception is classified as the one of the decision-making errors which impede making reasonable decisions. The efficiency of the financial market is associated with the belief that all the participants of the market behave reasonably. They maximise their utility and are able to process all incoming information in the correct way. Considering the fact that financial market anomalies happen, it should be considered that the efficiency of this market is a specific situation in which it may be found. In this work, the research results of the conducted experiment were described. The hypothesis was studied that persons of a higher financial status are more likely to undertake more risky financial decisions which may result in obtaining higher collected financial funds. As a result of the conducted experiment the working hypothesis was confirmed. Due to self-deception consisting in strong identification with the chosen status in the game, strengthened with their own convictions regarding the behaviour of particular professional group representatives, persons with a higher status showed a much greater tendency to risk than persons with a lower status

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2019

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2019.3.03 ; oai:dbc.wroc.pl:73299

Language:

eng

Relation:

Financial Sciences = Nauki o Finansach, 2019, vol. 24, no. 3

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Nauki o Finansach = Financial Sciences

Edition name Date
Self-deception in financial decisions Nov 12, 2019

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