Conceptual framework of behavioral biases in finance
AGRAWALA, KHUSHBU
Conceptual framework of behavioral biases in finance - 2012 - 7-18
Behavior of financial markets and decisions of individuals are many a time driven by various biases. This can be attributed to the tendency of humans to resort to shortcuts owing to the constraints on time and mental capacity to process unlimitedinformation. Various researchers have made an attempt to classify these biases into various types. This paper aims to provide a comprehensive view of the behavioral biases by taking into account such interactions and developing a conceptual framework that incorporates the antecedents or causes of the biases and their outcomes or consequences.
332
Conceptual framework of behavioral biases in finance - 2012 - 7-18
Behavior of financial markets and decisions of individuals are many a time driven by various biases. This can be attributed to the tendency of humans to resort to shortcuts owing to the constraints on time and mental capacity to process unlimitedinformation. Various researchers have made an attempt to classify these biases into various types. This paper aims to provide a comprehensive view of the behavioral biases by taking into account such interactions and developing a conceptual framework that incorporates the antecedents or causes of the biases and their outcomes or consequences.
332