Structural equation model as a tool of analysis of psychological mechanisms of decision-making process at capital market

Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2011, Vol 42, Issue 1

Abstract

Structural equation model as a tool of analysis of psychological mechanisms of decision-making process at capital market Abstract: In the last years, mainly in the period of the financial crisis, a raising interest in behavioural finance could be observed. It has been pointed out that behavioural inclinations strongly influence the process of decision-making at capital market. The behavioural factors are understood here as noisy variables that disturb a process of proper investment decision-making. The paper concerns the verification of chosen elements of the behavioural finance theory on the basis of polling, with application of a structural equation model (SEM). The purpose of the paper is to identify and to describe the possible behavioural inclinations as well as to verify the hypothesis of that how much they influence the individual investors’ risk propensity

Authors and Affiliations

Magdalena Osińska, Michał Pietrzak, Mirosława Żurek

Keywords

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  • EP ID EP140184
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How To Cite

Magdalena Osińska, Michał Pietrzak, Mirosława Żurek (2011). Structural equation model as a tool of analysis of psychological mechanisms of decision-making process at capital market. Acta Universitatis Nicolai Copernici, Ekonomia, 42(1), 7-22. https://europub.co.uk/articles/-A-140184