Behavioral Finance
The study of how psychological influences affect financial behaviors and decision-making.
22 topics found for
“user finance behavior”
Mental Accounting
A behavioral economics concept where people categorize and treat money differently depending on its source or intended use.
Behavioral Economics
The study of psychology as it relates to the economic decision-making processes of individuals and institutions.
Myopic Loss Aversion
A cognitive bias where individuals tend to avoid risks when they perceive potential losses more acutely than potential gains.
Hyperbolic Discounting
A cognitive bias where people disproportionately prefer smaller, immediate rewards over larger, later rewards.
Expectation Bias
A cognitive bias where individuals' expectations influence their perceptions and judgments.
Overconfidence Effect
A cognitive bias where a person's subjective confidence in their judgments is greater than their objective accuracy.
Denomination Effect
A cognitive bias where people are less likely to spend large denominations of money compared to an equivalent amount in smaller denominations.
Herd Behavior
The tendency for individuals to mimic the actions of a larger group, often leading to conformity and groupthink.