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Rationality of more and less experienced groups of finance professionals. Example of Poland

Author

Listed:
  • Monika Bolek

    (Faculty of Economics and Sociology, University of Lodz)

  • Rafal Wolski

    (Faculty of Economics and Sociology, University of Lodz)

Abstract

The goal of this paper is to discuss the rationality of market professionals and analyze the behavioral biases they are subject to. It is assumed that less biased decisions are representing more rational behavior. Analyzing the groups of finance professionals: investment fund managers and finance students it has been proven, that managers are more rational than students and their decisions are less biased. The homo oeconomicus idea in relation to the professionals operating on a capital market is analyzed in the light of economic theories evolution together with the behavioral finance findings.

Suggested Citation

  • Monika Bolek & Rafal Wolski, 2019. "Rationality of more and less experienced groups of finance professionals. Example of Poland," Proceedings of International Academic Conferences 9912031, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:9912031
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    rationality; professionals; financial market; behavioral finance;
    All these keywords.

    JEL classification:

    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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