Economics, Econometrics and Finance
8 years ago

Young Mozambicans' financial decisions driven by optimism, overconfidence, and risk aversion.

1 view
South African Journal of Business Management
Behavioural factors in the financial decisions of young Mozambicans
Jorge Mota, António Carrizo Moreira, Atanásio Jaime Cossa

Paper Summary

The article explores how young Mozambicans make financial decisions, finding that they are not always rational. Instead of always seeking to minimize risk and maximize gains, they tend to be risk averse with gains and risk lovers with losses. They are overly optimistic about the future, rely heavily on available information, and are often too confident in their estimates.

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