Investigating the Rationality of Behavioral Economics in Mental Accounting by ‎Studying Laboratory Economics

ahmadi, shahrzad; Matoufi, Alireza

doi:10.52547/qjerp.28.95.137

Cited by 2 publications

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“…According to Thaler (1999), the bias receives attention from three components: the first one is about how results are seen and experienced, while the second one is about how choices are made and evaluated, labeling them into real accounts and the third one includes the evaluation of accounts, described as 'choice bracketing' (Read et al, 1998). Under laboratory settings, mental accounting was more likely to demonstrate a strong correlation with the adequacy of economic behavior as individuals tend to purchase cash and receive gifts (Ahmadi & Matoufi, 2020). In the field of financial decision-making, the bias analyses the condition of the individuals including their financial decisions made in the context of various financial occurrences and conditions (Mohammadi Nafchi, 2020).…”

Section: Mental Accounting Biasmentioning

confidence: 99%

“…To understand the finance pattern of women, a new field of finance has sprung up. Behavioral economics, also known as behavioral finance, was first developed by Daniel Kahneman and Amos Tversky in the 1970-80s 4 . It refers to the irrational financial decisions that take place in real life and attempts to understand the consequences that affect the decisions.…”

Section: Introductionmentioning

confidence: 99%

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Analyzing Behavioral Biases in Finance Operations of Self-Help Groups

2024

European Economic Letters

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Women's role in society has evolved from a matter of gender restrictions to one of equal participation in the decisionmaking process and their overall well-being. Women's empowerment has thus become a key factor in the development of the community in both social and economic terms. Studies have demonstrated that women's self-help group participation has had a significant impact on their lives and empowered them from the ground up. However, despite demonstrating their abilities, they still face discrimination in the economic field compared to their male counterparts. This study utilized basic statistical tools to analyze the behavioral pattern of behavior finance in the procurement and utilization of finance functions of women's Self-Help Groups in Assam. The results of the study, which was conducted on 100 respondents of Self-Help Groups on South Block, Golaghat District in Assam, demonstrate a positive effect of self-serving and mental accounting biases on the functioning of financial functions in Self-Help Groups.

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Section: Mental Accounting Biasmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Analyzing Behavioral Biases in Finance Operations of Self-Help Groups

2024

European Economic Letters

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Zihinsel Muhasebeye Kavramsal Bir Bakış

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Cihangir

2023

Recep Tayyip Erdoğan Üniversitesi Sosyal Bilimler Dergisi

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Muhasebe tanımına bakılacak olursa, işletmelerin finansal işlemlerini kaydeden, sınıflandıran, özetleyen ve raporlayan, sonuçları yorumlayan ve analiz eden bir sistem olarak tanımlanmaktadır. Sistematik olarak uygulamalara bakıldığında, işletmeler sistem içerisinde iktisadi değer yaratan olayları sıkı bir şekilde takip etmektedirler. Buna benzer bir şekilde, insanlar da benzer bir muhasebe sistemini zihinlerinde kullanmaktadırlar. Günlük hayatta ve gelecek açısından aldıkları kararları ve giriştikleri eylemleri farklı zihinsel hesaplarda kategorize etmektedirler. Yaptıkları/yapacakları işlemleri değerlendirmekte ve kendince belgelemektedirler. İnsanların düşünce sisteminden kaynaklı sahip olduğu bu muhasebe sistemi, beynin doğal olarak geliştirdiği ve bildiği bir sistemdir. Uygulama açısından bakılacak olursa, buna zihinsel muhasebe denilebilir. Bu kapsamda geliştirilen beklenti teorisinin tüketici kararları üzerindeki etkisini inceleyen Richard Thaler (1980, 1985), zihinsel muhasebe kavramını literatüre kazandırmıştır. Bu çalışma, zihinsel muhasebenin kavramsal boyutunu ortaya koymayı amaçlamaktadır. Bu bağlamda çalışma, zihinsel muhasebe yaklaşımını genel çerçevesi içinde incelemektedir.

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Investigating the Rationality of Behavioral Economics in Mental Accounting by ‎Studying Laboratory Economics

Cited by 2 publications

References 0 publications

Analyzing Behavioral Biases in Finance Operations of Self-Help Groups

Analyzing Behavioral Biases in Finance Operations of Self-Help Groups

Zihinsel Muhasebeye Kavramsal Bir Bakış

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