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Racionalidad, uso de información y decisiones financieras

Author

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  • María José Roa García

    (Centro de Estudios Monetarios Latinoamericanos (cemla))

Abstract

The objective of this paper is to discuss the assumptions of rationality of individuals in their use and acquisition of information to make financial institutions produce information that is rationally used by individuals. The frictions associated with asymmetric information problems or lack of financial knowledge are reduced or eliminated, and the decisions of agents are optimal. Base don recent literature by Behavioral Finance, our hypothesis is that psychological aspects of the individual, such as the existence of trust in those agencies or institutions with whom they conduct financial transactions, or limited ability to process complex and abundant information, may reduce or eliminate the role of information in making financial decisions. This may explain, in part, why in the real world, financial decisions are far from rational and optimal.

Suggested Citation

  • María José Roa García, 2010. "Racionalidad, uso de información y decisiones financieras," Working papers DTE 478, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte478
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE478.pdf
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    More about this item

    Keywords

    rationality; use of information; financial decisions; psychology;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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