An attempt to apply Leibenstein’s theory to investors’ behaviour analysis
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
This article aims to present a general mechanism of the influence of the level of rationality of decision-making on risk and expected rate of return. To realize this goal the sketch of H. Leibenstein’s selective rationality theory was provided.Thismade possible the recognition and adjustment of different kinds of rationality of decision-making. This in turn enabled showing the mechanism of the influence of rationality of decision-making on undertaking the investment risk and, consequently, on expected rate of return.
Authors and Affiliations
Michał Jurek, Rafał Rybacki
Keywords
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