BEHAVIOURAL FINANCE AND INVESTORS IN TOURISM
Abstract
Behavioural finance investigates the psychological and sociological issues that influence the process of decision-making of individuals, groups, and organizations. This paper discusses the general principles of behavioural finance in tourism investors such as financial cognitive dissonance, overconfidence, prospect theory, and regret theory, which are the source of mistakes and errors in business. Those who invest in tourism (tourism companies and hotel facilities) should be aware of the biases associated with the general principles of behavioural finance to be able to resolve these “mistakes and errors” when choosing the investments matching their personality traits.
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Copyright (c) 2024 Ioan Petroman, Loredana Văduva, Ana Gina Armaș, Mihaela Albulescu, Diana Marin, Maria Sauer
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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL
ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)
PUBLISHER: AGROPRINT Timisoara, Romania
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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
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