Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting

Jean-Philippe Bonardi ; Didier Sornette ; Robert Danon
International Journal of Economics and Accounting 📅 2024 Vol 1, No 2 🔗 DOI: 10.70062/harmonieconomics.v1i2.31
Abstract
Behavioral economics has highlighted how cognitive biases influence financial decisionmaking, often leading to suboptimal outcomes. This paper explores the impact of behavioral biases such as overconfidence, loss aversion, and herding behavior on accounting and economic forecasting. By reviewing empirical evidence from market behavior, the study assesses how these biases affect financial reporting, auditing practices, and economic predictions. The paper concludes with recommendations for accountants and economists to incorporate behavioral insights into their practices to improve decisionmaking and forecasting accuracy.
Keywords
Behavioral Economics; Financial Decisionmaking; Cognitive Biases; Accounting Practices; Economic Forecasting
How to Cite

Jean-Philippe Bonardi, et al. (2024). Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting. International Journal of Economics and Accounting, 1(2). https://doi.org/10.70062/harmonieconomics.v1i2.31

Jean-Philippe Bonardi; Didier Sornette; Robert Danon, "Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting," International Journal of Economics and Accounting, vol. 1, no. 2, 2024.

Jean-Philippe Bonardi; Didier Sornette; Robert Danon. "Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting." International Journal of Economics and Accounting, vol. 1, no. 2, 2024.

Jean-Philippe Bonardi; Didier Sornette; Robert Danon. "Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting." International Journal of Economics and Accounting 1, no. 2 (2024).

Jean-Philippe Bonardi, et al. (2024) 'Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting', International Journal of Economics and Accounting, 1(2). doi: 10.70062/harmonieconomics.v1i2.31.

Jean-Philippe Bonardi; Didier Sornette; Robert Danon. Behavioral Biases in Financial Decision Making : Implications for Accounting and Economic Forecasting. International Journal of Economics and Accounting. 2024;1(2).

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