PL EN


2014 | 3(3) | 76-93
Article title

Rynki finansowe w warunkach ograniczonej racjonalności

Content
Title variants
EN
Financial markets in the conditionsof bounded rationality
Languages of publication
PL
Abstracts
EN
In this paper an attempt was made to clarify the reasons of price movements on financial markets in the conditions of decision-makers bounded rationality. The emphasis of rationality of individuals, which is limited by information they have and the cognitive limitations of their minds, allowed to discuss the hypothesis of efficient markets and an assumption of their rational expectations. As a results of these considerations a model of financial markets was formulated in which an investor could choose different investment strategies and decide to change originally chosen ones as a consequence of their bounded rationality.
Year
Issue
Pages
76-93
Physical description
Contributors
  • Uniwersytet Ekonomiczny we Wrocławiu
References
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-d7495d2e-cc30-4bfc-a1c5-e85b2714b1e0
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