dc.contributor.author | Jurevičienė, Daiva | |
dc.contributor.author | Skvarciany, Viktorija | |
dc.contributor.author | Lagunavičiūtė, Austė Marija | |
dc.date.accessioned | 2023-09-18T20:29:12Z | |
dc.date.available | 2023-09-18T20:29:12Z | |
dc.date.issued | 2020 | |
dc.identifier.issn | 1611-1699 | |
dc.identifier.uri | https://etalpykla.vilniustech.lt/handle/123456789/150298 | |
dc.description.abstract | It is essential to look at financial crises from both theoretical and practical aspects, as this is an old and recurring phenomenon. However, it is still unknown how to manage their forma-tion. The article aims at assessing the influence of individuals’ financial decisions on financial crisis formation. The interface between economic decisions made by individuals and financial crises is assessed using expert evaluation method. The multi-criteria estimation performed using the TOP-SIS method to evaluate when individuals make the most irrational decisions. Moreover, finally, economic decisions rationality index is concluded, evaluating when individuals make ridiculous decisions. The rationality index of economic decisions measures the number of irrational decisions during the economic expansion. Economic decisions rationality index divided into three groups: economic factors, financial sector and psychological factors. Assessment of the irrational decisions made during the economic expansion demonstrates that during the first period (2001–2006) the least irrational decisions were made in 2001 and the most in 2004; while during the second period (2010–2017), the least irrational decisions were made in 2011 and the most in 2015. The limitation of the research is that the data is accessible only for the US; hence, the results could differ in other countries. | eng |
dc.format | PDF | |
dc.format.extent | p. 1149-1164 | |
dc.format.medium | tekstas / txt | |
dc.language.iso | eng | |
dc.relation.isreferencedby | Social Sciences Citation Index (Web of Science) | |
dc.relation.isreferencedby | Scopus | |
dc.relation.isreferencedby | ICONDA | |
dc.relation.isreferencedby | Business Source Complete | |
dc.rights | Laisvai prieinamas internete | |
dc.source.uri | https://journals.vgtu.lt/index.php/JBEM/article/view/12890/10004 | |
dc.source.uri | https://doi.org/10.3846/jbem.2020.12890 | |
dc.source.uri | https://talpykla.elaba.lt/elaba-fedora/objects/elaba:63072342/datastreams/MAIN/content | |
dc.title | Factors influencing individuals’ decision-making and causing financial crisis | |
dc.type | Straipsnis Web of Science DB / Article in Web of Science DB | |
dcterms.accessRights | This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. | |
dcterms.license | Creative Commons – Attribution – 4.0 International | |
dcterms.references | 46 | |
dc.type.pubtype | S1 - Straipsnis Web of Science DB / Web of Science DB article | |
dc.contributor.institution | Vilniaus Gedimino technikos universitetas | |
dc.contributor.faculty | Verslo vadybos fakultetas / Faculty of Business Management | |
dc.subject.researchfield | S 004 - Ekonomika / Economics | |
dc.subject.vgtuprioritizedfields | EV02 - Aukštos pridėtinės vertės ekonomika / High Value-Added Economy | |
dc.subject.ltspecializations | L103 - Įtrauki ir kūrybinga visuomenė / Inclusive and creative society | |
dc.subject.en | financial crisis | |
dc.subject.en | multi-criteria decision-making methods (MCDM) | |
dc.subject.en | technique for order of preference by similarity to ideal solution (TOPSIS) | |
dc.subject.en | economic decisions rationality index | |
dcterms.sourcetitle | Journal of business economics and management | |
dc.description.issue | iss. 4 | |
dc.description.volume | vol. 21 | |
dc.publisher.name | VGTU Press | |
dc.publisher.city | Vilnius | |
dc.identifier.doi | 000544343700011 | |
dc.identifier.doi | 10.3846/jbem.2020.12890 | |
dc.identifier.elaba | 63072342 | |