Literature Review of Decision Behavior Biases of Enterprise Managers – Case study of overconfidence
Available Online March 2015.
- https://doi.org/10.2991/icetem-15.2015.54How to use a DOI?
- behavioral finance; decision-making bias; overconfidence
- In the era when knowledge operation becomes an economic growth mode, knowledge industry becomes a leading industry and knowledge economy becomes a new economic form, company operation ad management become more important. However, in company operation process, if managers make decision by virtue of their personal long-term management experience and traditional economic theories, they will show unadvisable behaviors. Managers must fully envisage behavioral situations of decision-making biases to help them better understand decision finiteness. This paper mainly knows deviant behaviors which may be caused by psychological factors of managers in investment decision-making process from the perspective of behavioral finance. Based on analysis of “overconfidence”, this paper analyzes main causes of decision-making biases in the face of much information available and puts forward suggestions for enterprise managers as their reference in decision-making process.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Meisha Wang PY - 2015/03 DA - 2015/03 TI - Literature Review of Decision Behavior Biases of Enterprise Managers – Case study of overconfidence BT - 2015 International Conference on Education Technology and Economic Management PB - Atlantis Press SP - 359 EP - 363 SN - 2352-5398 UR - https://doi.org/10.2991/icetem-15.2015.54 DO - https://doi.org/10.2991/icetem-15.2015.54 ID - Wang2015/03 ER -