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Behavioural Finance And The Study Of The Irrational Financial Choices Of Credit Card Users

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Author Info

  • Murat Kiyilar

    (Istanbul University)

  • Okan Acar

    (Istanbul University)

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    Abstract

    Behavioral Finance researches the influence of psychology on those carrying outfinancial transactions as well as on the market behavior afterwards. Behavioral Finance is aninteresting topic in that it helps explain why financial markets are less effective and how they areless effective. In this study, important issues such as behavior, Behavioral Finance, literaturereview related to the behavioral patterns of investors, behaviors of those carrying out financialtransactions, over-confidence, financial conceptual incompatibility, theory of regret, and theory ofexpectations have been discussed. This study also aimed to determine the influence of color andshapes on the credit card choice of people. Data were collected via survey documents sent via e-mail to 130 people who are all credit card users.

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    Bibliographic Info

    Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

    Volume (Year): 1 (2009)
    Issue (Month): 11 ()
    Pages: 46

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    Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:46

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    Related research

    Keywords: Behavioral Finance; Human Behavior; Psychology; Behavior;

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