Data Analysis on the Irrationality Behind Consumption and Investment Behaviors

DOI

10.2991/assehr.k.220105.286How to use a DOI?

Keywords

behavioral economics; irrational; decision making; investment

Abstract

There is an assumption in Economics: people are rational. While, what behavioral economics emphasizes is that human behaviors are irrational. Based on the theories of behavioral economics, this paper analyzes practical cases and data, draws the conclusion that people are irrational many times in their daily lives. This paper intends to explore the elements leading to irrational consumption and investments, and provides conservative suggestions on avoiding such irrational behaviors.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jijun Liang
PY  - 2022
DA  - 2022/01/17
TI  - Data Analysis on the Irrationality Behind Consumption and Investment Behaviors
BT  - Proceedings of the 2021 International Conference on Social Development and Media Communication (SDMC 2021)
PB  - Atlantis Press
SP  - 1548
EP  - 1552
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220105.286
DO  - 10.2991/assehr.k.220105.286
ID  - Liang2022
ER  -