Literature Review of Decision Behavior Biases of Enterprise Managers – Case study of overconfidence

DOI

10.2991/icetem-15.2015.54How to use a DOI?

Keywords

behavioral finance; decision-making bias; overconfidence

Abstract

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.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 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  - 10.2991/icetem-15.2015.54
ID  - Wang2015/03
ER  -