REVIEW OF THE RESEARCHES OF THE BEHAVIORAL FINANCES IN RUSSIA: HISTORY AND TODAY
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Author(s): | Belomyttseva O. S., Supis I. P., |
| Number of journal: | 1(46) | Date: | February 2019 |
| Annotation: | This paper provides review of the Russian scientists exploring the behavioral finance issues. The discussion regarding the status of behavioral finance in the financial science is mentioned. The study underlines interaction of development of the behavioral finance and economic psychology in the Russian science; and distinguishes between the objects of both disciplines. The modern stage of the behavioral approach development is presented, as well as the number of reasons that limits its wide spread. The authors describe some prospects of development of behavioral finance and name potential opportunities for practical use of behavioral approach. The study is split into the time periods coinciding with the history of Russia, which allows underlying and describing peculiarities of every stage of development of behavioral finance. |
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| Keywords: | behavioral finance, irrational behavior, economic psychology, economic behavior of individuals, decision- making in the conditions of uncertainty, prospects theory, behavioral approach, economic judgments |
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| For citation: | Belomyttseva O. S., Supis I. P. Review of the researches of the behavioral finances in Russia: history and today // Business. Education. Law. 2019. No. 1 (46). Pp. 117–122. DOI: 10.25683/VOLBI.2019.46.126. |
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