Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory
This study seeks for analyze the impact of bounded rationality in decision-making process. The main idea is to search for the understanding of cognitive biases that influence on the judgment, in order to change the decision-making procedures in order to reduce them. In this way, it is aimed to discu...
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doaj-a7e3b344a87d494587c1afe03326e8d72020-11-25T00:33:40ZporUniversidade Federal de Santa CatarinaRevista Contemporânea de Contabilidade1807-18212175-80692010-01-0161115918610.5007/2175-8069.2009v6n11p15910379Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theoryMarcelo Alvaro da Silva Macedo0Patricia Vivas da Silva Fontes1FACC/UFRJUFRuralRJThis study seeks for analyze the impact of bounded rationality in decision-making process. The main idea is to search for the understanding of cognitive biases that influence on the judgment, in order to change the decision-making procedures in order to reduce them. In this way, it is aimed to discuss the issue of decision-making process and its cognitive aspects in a environment of accounting and financial analysis. The focus of this paper is, then, through a decision-making behavior analysis of accounting and financial analysts, create the discussion and the recognizing that systematically mislead the decision themselves from a strictly rational behavior, because of the use of judgment heuristics and the prospective theory, which in many cases lead us to decision bias. For that, a questionnaire was applied to 91 analysts, which were invited to take a decision or issue an opinion related to the aspects of each question. The results show that, in a general way, related to the analysts from the sample, the use of judgment heuristics, as well the prospective theory, take to biases, which diverted the choice from a purely rational alternative.https://periodicos.ufsc.br/index.php/contabilidade/article/view/11185racionalidade limitadaheurísticas de julgamentoteoria prospectivavieses de decisão |
collection |
DOAJ |
language |
Portuguese |
format |
Article |
sources |
DOAJ |
author |
Marcelo Alvaro da Silva Macedo Patricia Vivas da Silva Fontes |
spellingShingle |
Marcelo Alvaro da Silva Macedo Patricia Vivas da Silva Fontes Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory Revista Contemporânea de Contabilidade racionalidade limitada heurísticas de julgamento teoria prospectiva vieses de decisão |
author_facet |
Marcelo Alvaro da Silva Macedo Patricia Vivas da Silva Fontes |
author_sort |
Marcelo Alvaro da Silva Macedo |
title |
Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
title_short |
Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
title_full |
Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
title_fullStr |
Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
title_full_unstemmed |
Decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
title_sort |
decision-making behavior analysis of accounting and financial analysts: a study based on the bounded rationality theory |
publisher |
Universidade Federal de Santa Catarina |
series |
Revista Contemporânea de Contabilidade |
issn |
1807-1821 2175-8069 |
publishDate |
2010-01-01 |
description |
This study seeks for analyze the impact of bounded rationality in decision-making process. The main idea is to search for the understanding of cognitive biases that influence on the judgment, in order to change the decision-making procedures in order to reduce them. In this way, it is aimed to discuss the issue of decision-making process and its cognitive aspects in a environment of accounting and financial analysis. The focus of this paper is, then, through a decision-making behavior analysis of accounting and financial analysts, create the discussion and the recognizing that systematically mislead the decision themselves from a strictly rational behavior, because of the use of judgment heuristics and the prospective theory, which in many cases lead us to decision bias. For that, a questionnaire was applied to 91 analysts, which were invited to take a decision or issue an opinion related to the aspects of each question. The results show that, in a general way, related to the analysts from the sample, the use of judgment heuristics, as well the prospective theory, take to biases, which diverted the choice from a purely rational alternative. |
topic |
racionalidade limitada heurísticas de julgamento teoria prospectiva vieses de decisão |
url |
https://periodicos.ufsc.br/index.php/contabilidade/article/view/11185 |
work_keys_str_mv |
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