The behavior of an organism often exhibits biases consistent with an anticipation of future behavior. One such type of bias results in momentum-like effects in which past behavior is extrapolated or continued into the future, and examples include behavioral momentum and psychological momentum. Similarities and differences between behavioral momentum and psychological momentum are considered. It...

Traditional economic theory posits that people make decisions by maximizing a utility function in which all of the relevant constraints and preferences are included and weighed appropriately. Behavioral economists and decision-making researchers, however, are interested in how people make decisions in the face of incomplete information, limited cognitive resources, and decision biases. Empirica...

The main purpose of the research paper is to understand interrelation fallacy personal validation also called Forer effect or Barnum with one biases behavioral finances – money illusion. During last years we explored some factors which force and determinate manifestation behavior such as subjective control, aspiration level etc. All data us suppose that regulators behaviour belief in authority ...