Financial Analytics: Science and Experience

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Financial Analytics: Science and Experience

17(59) - 2011 May

Behavioral aspects of the process of making financial-economic decisions

Vol. 4, Iss. 17, MAY 2011

Available online: 13 May 2011

Subject Heading: FINANCES AND SOCIOLOGY

JEL Classification:

Makarov A.S. candidate of economic sciences, associate professor, head of the financial management department of National Research University Higher School of Economics, Nizhny Novgorod Branch
amakarov@hse.ru

Kuzmicheva E.E. lecturer of the Financial management department in National research university - Higher school of economics, Nizhny Novgorod branch
ekuzmicheva@hse.ru

Uncertainty and frequent replacement of events limit possibilities of using a range of known quantitative methods while making financial-economic decisions. Approaches which are based on behavioral concept have won the recognition in modern financial science and are advanced as an alternative. In support of this issue the article presents results of testing of individuals who according to the field of job and knowledge which they possess should undergo the behavioral factors’ influence in a less degree.

Keywords: behavioral, effect, financial-economic, making decision, fuzzy set modeling, expert assessment, professional, judgment

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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