Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making
A considerable amount of literature has proved that, when it comes to illusion of control, there is a tendency to confuse a belief with skills for obtain an expected result has a high probability of occurring ignoring all the external factors. The illusion of control has received little attention in...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | info:eu-repo/semantics/doctoralThesis |
| Language: | English |
| Published: |
2022
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10835/13507 |
| _version_ | 1789407729207476224 |
|---|---|
| author | Prieto Castellano, Ariana Carolina |
| author2 | Galán Valdivieso, Federico |
| author_facet | Galán Valdivieso, Federico Prieto Castellano, Ariana Carolina |
| author_sort | Prieto Castellano, Ariana Carolina |
| collection | DSpace |
| description | A considerable amount of literature has proved that, when it comes to illusion of control, there is a tendency to confuse a belief with skills for obtain an expected result has a high probability of occurring ignoring all the external factors. The illusion of control has received little attention in the literature, compared to other cognitive biases. This paper is first intended to cover a gap in which the starting point is the assumption of evaluating the effects of this bias in individuals' behaviour using an experimental methodology and therefore, analyse the possibility of moderate its effects for performing a risk analysis considering every factor and detail, and being close to an optimal financial decision. Results of this reviews confirm the previous studies about the relationship of the variables while exposing a special insight about the individuals’ risk reaction when assessing the bias with the external elements that tends to increase its effects. |
| format | info:eu-repo/semantics/doctoralThesis |
| id | oai:repositorio.ual.es:10835-13507 |
| institution | Universidad de Cuenca |
| language | English |
| publishDate | 2022 |
| record_format | dspace |
| spelling | oai:repositorio.ual.es:10835-135072023-04-12T23:58:15Z Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making Prieto Castellano, Ariana Carolina Galán Valdivieso, Federico Trabajo Fin de Grado de la Universidad de Almería Control Risk perception Belief Investment decisions Competitors influence Previous experience A considerable amount of literature has proved that, when it comes to illusion of control, there is a tendency to confuse a belief with skills for obtain an expected result has a high probability of occurring ignoring all the external factors. The illusion of control has received little attention in the literature, compared to other cognitive biases. This paper is first intended to cover a gap in which the starting point is the assumption of evaluating the effects of this bias in individuals' behaviour using an experimental methodology and therefore, analyse the possibility of moderate its effects for performing a risk analysis considering every factor and detail, and being close to an optimal financial decision. Results of this reviews confirm the previous studies about the relationship of the variables while exposing a special insight about the individuals’ risk reaction when assessing the bias with the external elements that tends to increase its effects. 2022-03-22T08:55:26Z 2022-03-22T08:55:26Z 2021-07 info:eu-repo/semantics/doctoralThesis http://hdl.handle.net/10835/13507 en Attribution-NonCommercial-NoDerivatives 4.0 Internacional http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/openAccess |
| spellingShingle | Trabajo Fin de Grado de la Universidad de Almería Control Risk perception Belief Investment decisions Competitors influence Previous experience Prieto Castellano, Ariana Carolina Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title | Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title_full | Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title_fullStr | Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title_full_unstemmed | Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title_short | Analysis of cognitive bias "Illusion of control" in undergraduate´s students´financial decision-making |
| title_sort | analysis of cognitive bias "illusion of control" in undergraduate´s students´financial decision-making |
| topic | Trabajo Fin de Grado de la Universidad de Almería Control Risk perception Belief Investment decisions Competitors influence Previous experience |
| url | http://hdl.handle.net/10835/13507 |
| work_keys_str_mv | AT prietocastellanoarianacarolina analysisofcognitivebiasillusionofcontrolinundergraduatesstudentsfinancialdecisionmaking |