THE ROLE OF THE BEHAVIORAL ECONOMIC FACTOR IN FINANCIAL DECISION-MAKING PROCESS AND ITS SPECIFIC ASPECTS
PDF (O'zbekcha)

Keywords

financial decisions
behavioral economics
financial behavior
lending
investments

How to Cite

Juraeva, S. (2022). THE ROLE OF THE BEHAVIORAL ECONOMIC FACTOR IN FINANCIAL DECISION-MAKING PROCESS AND ITS SPECIFIC ASPECTS: https://doi.org/10.55439/ECED/vol23_iss5/a34. Economics and Education, 23(5), 201–207. https://doi.org/10.55439/ECED/vol23_iss5/a746

Abstract

In recent years, behavioral economics has been seen as an important direction in making effective financial decisions and maximizing profits. The article describes the economic significance of financial decisions, their specific aspects and the diversity of people in decision making. The role of the behavioral factor in making financial decisions and economic processes is also highlighted.

https://doi.org/10.55439/ECED/vol23_iss5/a746
PDF (O'zbekcha)

References

Katona, George and Eva Mueller. A Study of Purchase Decisions. In Consumer Behavior: The Dynamics of Consumer Reaction, L. H. Clark, ed. New York: New York University Press, 1954.

Day, George S. and William K. Brandt. A Study of Consumer Credit Decisions: Implications for Present and Prospective Legislation. In National Commission on Consumer Finance: Technical Studies, vol. 1. Washington, DC: US Government Printing Office, 1973.

Simon Herbert, Behavioural A. Model of Rational choice. Quarterly Journal of Economics, 69 (February 1955): 99-118.

Agarwal S., Chomsisengphet S., Lim C., Lo AWand Merton RC (2017) What Shapes Consumer Choice and Financial Products? A Review. ANNUAL REVIEW OF FINANCE ECONOMICS VOLUME 9. Pages 127–46.

Kahneman, D.; Tversky, A. Intuitive Prediction: Biases and Corrective Procedures; Cambridge University Press (CUP): Cambridge, UK, 1982; pp.414–42);

Kahneman D., Tvyersky A., Prospect Theory. An Analysis of Decision Making Under Risk. Defense Technical Information Center: Fort Belvoir, VA, USA, 1977; pp. 99-127.

Richard H. Thaler, MISBEHAVING. THE MAKING OF BEHAVIORAL ECONOMICS, 2015, 37 p.

Katona George. Psychological Economics. -New York: Elsevier Scientific Publishing, 1975.

Misbehaving: The Making of Behavioral Economics, Richard H. Thaler, 2017. 41p.

Atkinson, A. Measuring Financial Literacy: Results of the OECD INFE Pilot Study, OECD Working Papers on Finance, Insurance and Private Pensions; OECD Publishing: Paris, France, 2012. https://www.oecd.org/about/, 17 March 2021.

Bhattacherjee A. Social Science Research: Principles, Methods and Practices; University of South Florida: USA 12 .

Luksander A., Németh E., Zsótér B. Financial personality types and attitudes that affect financial indebtedness. Int. J. Soc. Sci. Educ. Res. 2017, 2, 4687–4704.

OECD (2016), “OECD/INFE International Survey of Adult Financial Literacy Competencies”, OECD, Paris,www.oecd.org/finance/OECD-INFE-International-Survey-of-Adult-Financial-Literacy-Competencies. 39-40

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Copyright (c) 2022 Economics and education