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Premises For A Model Of Decision – Making On The Financing Of A Project

Author

Listed:
  • Tulai Constantin

    ()

  • Popovici Ioana

    ()

Abstract

The classical theory of finance is based on the premises of rationality and maximizing profits that accompany economic decision-making. Complementarily, the modern theory of behavioral finance studies the effect of emotional and psychological factors of decision- maker on the choice of financing sources for economic activities. In opposition with the classical perspective, the contemporary theory of finance brings up to the stage various aspects of decision making, including elements of strategic behavior towards risk. All these contradictory elements are used as premises for modeling the decision making process of financing a project.

Suggested Citation

  • Tulai Constantin & Popovici Ioana, 2010. "Premises For A Model Of Decision – Making On The Financing Of A Project," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 393-397, July.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:1:p:393-397
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n1/062.pdf
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    More about this item

    Keywords

    decision - making; behavioral finance; strategic behavior;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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