Behaviorální finance - Implikace pro investory – Stupavský Michal (2016)

Behavioral finance is a modern and progressive branch of financial theory that, unlike traditional finance, assumes that investors and other participants in financial markets do not always behave entirely rationally. Many financial decisions are influenced by how we interpret information and how we act on it, which is not always rational, as people suffer from many behavioral biases. The importance of this economic field is underscored by the fact that one of its founders, Daniel Kahneman, received the Nobel Prize in Economic Sciences in 2002 "for integrating insights from psychological research into economic science, particularly regarding human judgment and decision-making under uncertainty." Michal Stupavský's thesis titled Behavioral Finance – Implications for Investors is one of the first academic works addressing this topic in our country. Ing. Michal Stupavský, CFA graduated from the University of Economics in Prague in 2011. As part of his master's studies, he wrote the thesis Behavioral Finance – Implications for Investors. He holds broker licenses in categories B and D (portfolio management and derivatives) and earned the prestigious CFA (Chartered Financial Analyst) designation in 2012.