Behavioral Biases in Investors' Decision: Studies Review from 2006-2015

Ávila, Lucimar Antônio Cabral de; Oliveira, Alanna Santos de; Silva, Jéssica; Malaquias, Rodrigo Fernandes

doi:10.18028/2238-5320/rgfc.v6n2p112-131

Cited by 9 publications

(6 citation statements)

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“…Unpredictability in patterns of how consumers make decisions may affect the way a market works. Behavioural economics postulates concepts and consumer biases relevant for financial services (de Ávila, de Oliveira, de Melo Silva Ávila, & Malaquias, 2016). Behavioural economics advances choice architecture and framing as being mechanisms to protect consumers of financial services.…”

Section: Theoretical Perspectives and Underpinnings Of The Studymentioning

confidence: 99%

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Demand for credit in high-density markets in Kampala: Application of digital lending and implication for product innovation

Ebong¹,

Babu²

2020

Journal of International Studies

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This study sought to ascertain the factors that drive the demand for credit among businesses in the high-density markets in Kampala (Uganda) and its suburbs and draw implications for innovations and application of digital lending. A combination of qualitative and quantitative approaches was applied to profile end retailers and businesses in the high-density markets located in Kampala and its suburbs and to assess the demand for credit at these markets. The market for credit in the high-density market in Kampala and its suburbs can sufficiently support innovation and application of digital lending. Most business owners enthusiastically intended to grow their businesses and are looking for affordable financing opportunities. Drivers of demand for credit arise from the need for inventory management, debtor management and to pay for operating expenses. Short business cycles mean high turnover, hence opportunities for uptake of credits in small amounts and shorter repayment periods. It is recommended for fintechs to improve product features as well as shorten their delivery channels, thereby enhancing convenience in accessing credit. Further studies should explore business models and partnerships for providing affordable credit.

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Section: Theoretical Perspectives and Underpinnings Of The Studymentioning

confidence: 99%

“…This has implication on design of business model for providing digital credit services. Fintechs are distorting the credit market (Wisniewski, 2018), and are reducing market shares of banks in lending (Crosman, 2019;Peters, 2019). Many factors drive the application of financial technologies in lending.…”

Section: Digital Credit Lending and Financial Technologiesmentioning

confidence: 99%

Demand for credit in high-density markets in Kampala: Application of digital lending and implication for product innovation

Ebong¹,

Babu²

2020

Journal of International Studies

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“…Assim sendo, os fatores comportamentais podem adulterar a assimilação dos acontecimentos, sendo que as premissas sustentadas nos princípios da racionalidade podem não ser acatadas devido a vieses cognitivos (Kimura, Basso, & Krauter, 2006). Nesse sentido, este estudo busca explicar um modelo do comportamento humano que consiga elucidar como aspectos relativos às emoções e humor, podem intervir nas decisões financeiras e ainda como podem provocar alterações no mercado (Ávila, Oliveira, & Avila, 2016).…”

Section: Finanças Comportamentaisunclassified

O Endividamento e os seus Consequentes nas Capitais Brasileiras de 2010 a 2017

Rossato

Beskow

Pinto

2019

RAIMED

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O objetivo do trabalho é verificar o impacto do endividamento nos níveis de inadimplência e sobre-endividamento das famílias brasileiras de 2010 a 2017, por meio de uma amostra pesquisada nas populações das capitais brasileiras e no Distrito Federal. Decorre-se que em razão da ampliação das formas de pagamento conjuntamente com os prazos expandidos para quitação das contas, o uso do cartão de crédito torna-se um facilitador para a existência de endividamento, posto que muitas vezes as pessoas agem irracionalmente e sofrem vieses, conforme postulados das finanças comportamentais. O trabalho justifica-se devido à importância do tema endividamento, uma vez que sua repercussão suscita preocupação social. Ademais, o estudo traz um caráter inovador, pois correlaciona o impacto do endividamento na inadimplência e no sobre-endividamento. Dessa forma, realizou-se uma regressão a partir dos dados secundários obtidos da Pesquisa Nacional de Endividamento e Inadimplência do Consumidor (PEIC). Os resultados demonstraram que a maior causa das dívidas das famílias analisadas decorre-se pelo cartão de crédito, seguido pelos carnês. Também, diagnosticou-se que existe uma relação positiva entre endividamento e inadimplência e que maiores valores de inadimplência provocam maiores valores de sobre-endividamento dentro das capitais brasileiras.

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“…Th e investigation and presentation of the behavioral decision-making of investors are of great importance for understanding the non-rational aspects of individuals and can lead to the establishment of criteria and factors that minimize distortions in assessment standards and the propensity to invest in stocks (Ávila, Oliveira, Avila & Malaquias, 2016).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Behavioral finance and games: simulations in the academic environment

Torga

Barbosa

Carrieri

et al. 2017

Rev. contab. finanç.

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The contribution from this study lies in its reflection on the factors that influence market efficiency, which requires a multidisciplinary view to analyze the intervening factors that impact results of the financial system. It also contributes by reflecting on the need for new approaches for training professionals who will go on to work in financial and related areas and preparing them by using different financial analysis techniques; by reflecting on the fact that analytical practices are influenced by social, cognitive, and emotional aspects, enabling the students to be better prepared to act in the financial market; by presenting various technical possibilities and providing more comprehensive knowledge to choose the one that best suits the object of analysis and their preferences; and by reflecting on different ways of perceiving investment opportunities and risk, which can be expanded on in other studies on the segmentation of clients according to their preferences in the investor market. The aim of this study was to analyze how social and psychological aspects influenced the decisions involved in simulated trading operations. The relevance lies in its discussion of the philosophical and epistemological position in finance, which suffers from a vision that only focuses on the rationality of means and does not explain the anomalies verified in the financial market. The study originated from the application of a company game simulating the work of stock market trading desk operators, applied in the Stock Market Operations course and using fundamental, technical, and graphical techniques. The population was intentional and made up of undergraduate and graduate students from one of the four best Brazilian federal universities. The data analysis was performed by analyzing the content of the questionnaires applied and the journal entries made during participant observation.

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Behavioral Biases in Investors' Decision: Studies Review from 2006-2015

Cited by 9 publications

References 0 publications

Demand for credit in high-density markets in Kampala: Application of digital lending and implication for product innovation

Demand for credit in high-density markets in Kampala: Application of digital lending and implication for product innovation

O Endividamento e os seus Consequentes nas Capitais Brasileiras de 2010 a 2017

Behavioral finance and games: simulations in the academic environment

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