psychological factors ↔ financial decision making

Relations (1)

related 3.00 — strongly supporting 7 facts

The relationship is established through the field of behavioral finance, which explicitly explores how psychological factors influence financial decision-making as noted in [1], [2], and [3]. Furthermore, academic research such as [4], [5], and [6] directly investigates the impact of these psychological drivers on financial processes.

Facts (7)

Sources

Behavioral Finance: The Psychology behind Financial Decision ... abacademies.org Robinson Arran · Business Studies Journal 2 facts

claimBehavioral finance is a multidisciplinary field that explores the psychological factors influencing financial decision-making, according to Robinson Arran in the 2023 Business Studies Journal.

claimBehavioral finance is a multidisciplinary field that explores the psychological factors influencing financial decision-making.

The Psychological Drivers of Financial Decision-Making - ijsrm ijsrm.net International Journal of Scientific and Research Publications 2 facts

claimThe research article 'The Psychological Drivers of Financial Decision-Making' aims to determine how psychological factors influence financial decision-making processes and individual financial behaviors.

Analysing the behavioural, psychological, and demographic ... - OUCI ouci.dntb.gov.ua Parul Kumar, Md Aminul Islam, Rekha Pillai, Taimur Sharif · Elsevier BV 1 fact

claimBehavioral finance is a key discipline for understanding the psychological factors that influence financial decision-making.

Psychology Of Financial Decision-Making - Meegle meegle.com Meegle 1 fact

procedureThe process for smarter financial decision-making consists of five steps: (1) Identify Your Goals by defining financial objectives like saving for a house, paying off debt, or retiring early; (2) Understand Your Biases by reflecting on past financial decisions to identify patterns; (3) Educate Yourself on basic financial principles and psychological factors; (4) Use Tools and Resources such as apps, calculators, and financial advisors; (5) Monitor and Adjust by regularly reviewing the financial plan.

the importance of psychological factors in financial decision making academia.edu Academia.edu 1 fact

referenceThe article 'Behavioural Finance: the importance of psychological factors in financial decision making' by Mohini Attimani was published in the IOSR Journal of Business and Management (IOSR-JBM) in 2021, volume 23, issue 04, pages 25-29.