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Behavioral finance: Relevance and rationale

Vol. 25, Iss. 2, FEBRUARY 2019

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Received: 13 November 2018

Received in revised form: 9 January 2019

Accepted: 23 January 2019

Available online: 28 February 2019

Subject Heading: THEORY OF FINANCE

JEL Classification: C9, C92, D81, D90, G02

Pages: 348–359

Bogatyrev S.Yu. Financial University under Government of Russian Federation, Moscow, Russian Federation

Subject The paper studies behavioral finance and the use of behavioral financial tools in their retrospective and development both in Russia and abroad.
Objectives The aim of the article is to reveal the main directions of practical scientific research on current problems of modern Russian finance.
Methods The work substantiates the application of the behavioral finance theory and presents the reasons and factors for the development of the new science.
Conclusions and Relevance Behavioral finance is of great importance in connection with the mass robotization of financial professions. The use of behavioral instruments of financial phenomena research complements and expands the classical instruments of traditional finance, improves the quality and efficiency of financial decisions. The development of behavioral analysis is constrained by the fragmentation of the theoretical foundation and the fragmentation of research both abroad and in Russia.

Keywords: behavioral finance, behavioral analysis, history, financial policy, behavioral reporting


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