ECONOMIC BEHAVIOR UNDER UNCERTAINTY

Author
, PhD in Economics, Associate Professor, Kharkiv, Marshal Bazhanov, 17

In heading

 Economic theory;

Signed print

 23.11.2021

Issues number

 2021-№4 (47)

Page

 53-68

Type of articles

 Scientific article

Code UDK

 330.16

ISSN print

 2411-5584

Abstract

 The article examines the features of the economic behavior of a person and a group under the influence of various factors of the internal and external environment, including in conditions of uncertainty. It has been determined that the process of making an economic decision is influenced not so much by economic factors as by psychological and social ones. The impact of individual and group effects, the occurrence of which is due precisely to the psychological characteristics of a person, forms modern economic behavior, which most often becomes irrational. In addition, irrationality in behavior is exacerbated by the emergence of conditions of uncertainty and risk. It has been researched that both the individual and the group try to avoid risks as much as possible and are more prone to stay in conditions of stability.

Keywords

 economic behavior, irrationality, uncertainty, risk, economic decision making.

Reviewer

External reviewer

Article in PDF

 53-68

Bibliography

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Code DOI

 10.31359/2411-5584-2021-47-4-53

07.02.2022