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Psychology of Financial Decision-Making: A Literature Review

Na-Young Park

Korea and the World Economy2022https://doi.org/10.46665/kwe.2022.12.23.3.197review
ABDC C
Weight
0.34

What the paper says

Psychological elements are increasingly being incorporated into standard theories in order to better understand actual human behaviors. In particular, in human financial decisionmakings, there are some biases, heuristics, and behavioral preferences, which tend to be commonly observed and can be better understood by exploring some psychological factors. In this article, I attempt to summarize some of the findings offered by the behavioral household finance literature.

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https://doi.org/https://doi.org/10.46665/kwe.2022.12.23.3.197

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@article{na-young2022,
  title        = {{Psychology of Financial Decision-Making: A Literature Review}},
  author       = {Na-Young Park},
  journal      = {Korea and the World Economy},
  year         = {2022},
  doi          = {https://doi.org/https://doi.org/10.46665/kwe.2022.12.23.3.197},
}

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Psychology of Financial Decision-Making: A Literature Review

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Evidence weight

0.34

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.