Racionalnost aktera na finansijskim tržištima
Автор: Ivan Lovre, Jelena Jotić
Журнал: Ekonomski signali @esignali
Статья в выпуске: 2 vol.7, 2012 года.
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Tradicionalma finansijska teorija se zasniva na hipotezi o efikasnosti finansijskih tržišta. Fundament hipoteze o finansijskim tržištima predstavlja koncept o racionalnosti aktera na finansijskim tržištima. Na osnovu klasične teorije o racionalnom čoveku (homo economicus) koji se vodi maksimizacijom korisnosti na bazi efikasne analize informacija, tradicionalna finansijska teorija pretpostavlja racionalnost aktera na finasijskim tržištima, apstrahujući asimetričnu informisanost, emotivne i psihološke faktore aktera. U ovom radu ćemo analizirati pojam racionalnosti, proces donošenja odluka i ulogu racionalnosti u ekonomskoj teoriji. Drugi deo rada se bavi (i)racionalnošću aktera na finasijskim tržištima i procesom donošenja odluka učesnika na tržištu.
Racionalnost, asimetrična infomisanost, adaptivna racionalnost, finansijska tržišta, ograničena racionalnost, iracionalnost, hipoteza o efikasnom tržištu
Короткий адрес: https://sciup.org/170204212
IDR: 170204212 | УДК: 519.816:330.1; 336.76
The rationality of actors in the financial markets
Traditional financial theory is based on the hypothesis of efficiency of financial markets. Fundament hypothesis on financial markets holds the concept of rational actors in the financial markets. Based on classical theory of rational man (homo economicus), which leads to a maximization of the utility based on the effective analysis of information, the traditional financial theory assuming rational actors in financial markets, abstracting asymmetric information, emotional and psychological factors of actors. In this paper we analyze the term rationality and its role in economic theory. The second part deals with (i) rationality of actors in financial markets and decision-making of market participants.
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