Finansinės gyventoju̧ elgsenos ypatumai

Translated title of the contribution: Peculiarities of individuals' financial behaviour

Daiva Jurevičiene, Egle Gausiene

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The article deals with different interpretations of peculiarities of individuals' financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors' behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals' financial behaviour interpretation is summarized and compared as well as basic theories defining individuals' financial behaviour: Absolute Income Hypotheses (John M. Keynes), Life Cycle Hypothesis (Franco Modigliani and Richard Brumberg), Permanent Income Hypothesis (Milton Friedman) and individuals' financial motives are named and described. After accomplishment of investigation of personal finance management habits in Lithuania it is determined, that Lithuanians managing their finances tend to seek short-term goals and do not care about saving for retirement, do not employ all existing investment instruments.

Original languageLithuanian
Pages (from-to)222-237
Number of pages16
JournalBusiness: Theory and Practice
Volume11
Issue number3
DOIs
Publication statusPublished - Sep 6 2010

Fingerprint

Finance
Life cycle
Financial behavior

ASJC Scopus subject areas

  • Strategy and Management
  • Civil and Structural Engineering

Cite this

Finansinės gyventoju̧ elgsenos ypatumai. / Jurevičiene, Daiva; Gausiene, Egle.

In: Business: Theory and Practice, Vol. 11, No. 3, 06.09.2010, p. 222-237.

Research output: Contribution to journalArticle

Jurevičiene, Daiva ; Gausiene, Egle. / Finansinės gyventoju̧ elgsenos ypatumai. In: Business: Theory and Practice. 2010 ; Vol. 11, No. 3. pp. 222-237.
@article{cc35ad2e7c7249ecb48444e9233a90c6,
title = "Finansinės gyventoju̧ elgsenos ypatumai",
abstract = "The article deals with different interpretations of peculiarities of individuals' financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors' behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals' financial behaviour interpretation is summarized and compared as well as basic theories defining individuals' financial behaviour: Absolute Income Hypotheses (John M. Keynes), Life Cycle Hypothesis (Franco Modigliani and Richard Brumberg), Permanent Income Hypothesis (Milton Friedman) and individuals' financial motives are named and described. After accomplishment of investigation of personal finance management habits in Lithuania it is determined, that Lithuanians managing their finances tend to seek short-term goals and do not care about saving for retirement, do not employ all existing investment instruments.",
keywords = "Absolute income hypotheses, Behavioural finance, Efficient market hypothesis, Financial behaviour, Financial motives, Life cycle hypothesis, Permanent income hypothesis, Personal finance",
author = "Daiva Jurevičiene and Egle Gausiene",
year = "2010",
month = "9",
day = "6",
doi = "10.3846/btp.2010.25",
language = "Lithuanian",
volume = "11",
pages = "222--237",
journal = "Business: Theory and Practice",
issn = "1648-0627",
publisher = "Technika",
number = "3",

}

TY - JOUR

T1 - Finansinės gyventoju̧ elgsenos ypatumai

AU - Jurevičiene, Daiva

AU - Gausiene, Egle

PY - 2010/9/6

Y1 - 2010/9/6

N2 - The article deals with different interpretations of peculiarities of individuals' financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors' behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals' financial behaviour interpretation is summarized and compared as well as basic theories defining individuals' financial behaviour: Absolute Income Hypotheses (John M. Keynes), Life Cycle Hypothesis (Franco Modigliani and Richard Brumberg), Permanent Income Hypothesis (Milton Friedman) and individuals' financial motives are named and described. After accomplishment of investigation of personal finance management habits in Lithuania it is determined, that Lithuanians managing their finances tend to seek short-term goals and do not care about saving for retirement, do not employ all existing investment instruments.

AB - The article deals with different interpretations of peculiarities of individuals' financial behaviour. The adaptability of Efficient Market Hypothesis (rational and irrational investors' behaviour and their influence on market efficiency) and Behavioural Finance (by separating into two building blocks: Cognitive Biases and Limits of Arbitrage) to individuals' financial behaviour interpretation is summarized and compared as well as basic theories defining individuals' financial behaviour: Absolute Income Hypotheses (John M. Keynes), Life Cycle Hypothesis (Franco Modigliani and Richard Brumberg), Permanent Income Hypothesis (Milton Friedman) and individuals' financial motives are named and described. After accomplishment of investigation of personal finance management habits in Lithuania it is determined, that Lithuanians managing their finances tend to seek short-term goals and do not care about saving for retirement, do not employ all existing investment instruments.

KW - Absolute income hypotheses

KW - Behavioural finance

KW - Efficient market hypothesis

KW - Financial behaviour

KW - Financial motives

KW - Life cycle hypothesis

KW - Permanent income hypothesis

KW - Personal finance

UR - http://www.scopus.com/inward/record.url?scp=78049245951&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=78049245951&partnerID=8YFLogxK

U2 - 10.3846/btp.2010.25

DO - 10.3846/btp.2010.25

M3 - Article

AN - SCOPUS:78049245951

VL - 11

SP - 222

EP - 237

JO - Business: Theory and Practice

JF - Business: Theory and Practice

SN - 1648-0627

IS - 3

ER -