Mitroi, Adrian; Stancu, Ion - In: Theoretical and Applied Economics 1(506) (2007) 1(506)
Although the field of modern finance has progressed impressively, it is still hard to explain on a scientific basis why … people behave nonrationally when dealing with money. The classic finance assumes people rationalize and optimize their … financial decisions. Behavioral Finance adds the importance of what investors should do and complements the mantra of classic …