Cognitive dissonance and investors’ decision-making: A review
نویسندگان
چکیده
منابع مشابه
The neural basis of rationalization: cognitive dissonance reduction during decision-making.
People rationalize the choices they make when confronted with difficult decisions by claiming they never wanted the option they did not choose. Behavioral studies on cognitive dissonance provide evidence for decision-induced attitude change, but these studies cannot fully uncover the mechanisms driving the attitude change because only pre- and post-decision attitudes are measured, rather than t...
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P eople with higher cognitive ability (or “IQ”) differ from those with lower cognitive ability in a variety of important and unimportant ways. On average, they live longer, earn more, have larger working memories, faster reaction times and are more susceptible to visual illusions (Jensen, 1998). Despite the diversity of phenomena related to IQ, few have attempted to understand—or even describe—...
متن کاملCognitive Dissonance
Almost half a century ago social psychologist Leon Festinger developed the cognitive dissonance theory (Festinger, 1957). The theory has obviously stood the test of time in that it is mentioned in most general and social psychology textbooks today. The theory is somewhat counterintuitive and, in fact, fits into a category of counterintuitive social psychology theories sometimes referred to as a...
متن کاملCognitive Dissonance
Almost half a century ago social psychologist Leon Festinger developed the cognitive dissonance theory (Festinger, 1957). The theory has obviously stood the test of time in that it is mentioned in most general and social psychology textbooks today. The theory is somewhat counterintuitive and, in fact, fits into a category of counterintuitive social psychology theories sometimes referred to as a...
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People like to feel good about past decisions. This paper models selfjusti cation of past decisions. The model is axiomatic: axioms are de ned on preference over ex ante actions (modeled formally by menus). The representation of preference admits the interpretation that the agent adjusts beliefs after taking an action so as to be more optimistic about its possible consequences. In particular, t...
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ژورنال
عنوان ژورنال: International Journal of Financial, Accounting, and Management
سال: 2019
ISSN: 2656-3355
DOI: 10.35912/ijfam.v1i1.56