This article aims to provide a more comprehensive analysis of the investor’s behaviour. To do so, we first address concept individual behaviour which lacks rigorous, precise definition that would be unanimously accepted. The multidimensional nature and complexity human are approached from both psychological financial point view, by examining its relationship with genetic structure, psychic stru...

Many scholars have already focused on the use of equilibrium concepts in economics. Consequently, we must consider the extent to which new books on equilibrium improve our understanding of this subject. Equilibrium in economics does much to explain the historical development and scholarly value of equilibrium concepts in the natural and social sciences and contains much historical detail for a ...

While the economic approach to human decision-making characterizes our choices in terms of how we maximize utility, in many cases, such an approach fails to predict the decisions we actually make. Specifically, preference-biases such as loss-aversion and reference-dependence demonstrate that decision-makers make relative (rather than absolute) comparisons in judging the quality of their rewards...

This essay goes through Frederick 2015 (the critique) in some detail, responding to the various paraphrases and criticisms therein. It is argued that each case critique mistaken about what Lester 2012 (Escape from Leviathan: EfL) says, or presents as a sound criticism, both. Introduction: three problems with philosophical problem EfL attempting solve. “Abstract”: critique’s confusion EfL’s apri...

In forecasting how Homo Economicus would evolve into Homo Sapiens, Thaler (2000) predicted that he would gradually " begin losing IQ " , but warned at the same time against simply " making [him] dumber ". He recommended instead that economists pay closer attention to the actual processes of human cognition, which psychologists have shown to be subject to a number of specific imperfections and b...