Solution 1 Consider the following 2011 data for Newark General Hospital in millions of dollars Static Flexible Actual Budget Budget Results Revenues 4 5
Solution Consider the following data for Newark General Hospital in millions of dollars Static Flexible Actual
Solution Consider the following data for Newark General Hospital in millions of
data for Newark General Hospital in millions of dollars Static Flexible Actual Budget Budget Results Revenues
Solution Consider the following data for Newark General Hospital in
millions of dollars Static Flexible Actual Budget Budget Results Revenues
Solution Consider the following data for Newark General
Solution Consider the following
(Solution) 1 Consider the following 2011 data for Newark General Hospital (in millions of dollars): Static Flexible Actual Budget Budget Results Revenues $4.5...

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Dear Tutor, I need to summarize(write a briefing) on the attached article. It suppose to be four double spaced pages.www.ccsenet.org/ijef Intemational Joumal of Economics and Finance Vol. 3, No. 5; October 2011 Behavioral Finance: The Explanation of Investors' Personality and Perceptual Biases Effects on Financial Decisions Sadi Assistant Professor, Financial management Department, Azad Universify, Tehran, Iran Hassan Ghalibaf Asl Assistant Professor, Financial management Department, Azzahra Universify, Tehran, Iran Mohammad Reza Rostami Assistant Professor, Financial management Department, Azzahia Universify, Tehran, Iran Aiyan Gholipour Associate Professor, Public Administration Department, Universify of Tehran, Tehran, Iran Fattaneh Gholipour Financial management Department, Azad Universify, Tehran, Iran Tel: 98-21-6111-7745, Fax: 98-21-8800-6477 E-mail: [email protected] Received: July 21, 2010 Accepted: August 26,2010 doi:10.5539/ijef v3n5p234 Abstract One of the important factors on investorsfinancial decisions are perceptual errors which affect their decisions while buying and selling stock. The good of this study is to recognize the popular perceptual errors among investors and its connection with their personalify. Therefore, 200 of the investors in Tehran's stock market were taken randomly as samples and the needed data was gathered through questions, using the parametric analysis and correlation we have tried to check the accuracy of the hypotheses. The fmding demonstrates that the offered perceptual errors have got a significant correlation with the investors' personalify. The conclusions exhibit that there is direct correlation between extroversion and openness whit hindsight bias and over confidence bias, between neuroticism and randomness bias, between escalation of commitment and availability biases. Also, there is a reverse correlation between conscientiousness and randonmess bias, between openness and availabilify bias. Keywords: Behavioral finance. Investing decisions. Perceptional errors and biases. Big five personalify model 1. Introduction A main concept in financial management is risk taking and output. People usually like to invest highly output cases. In order to improve their efficiency, but as we know achieving the high output needs taking the proportional risks. Most economical and financial theories believe that the investors are really rational while deciding (Kim et al; 2Ö8). This agrees with the "rational economic man" theory. Investors consider all the side effects while investing and take the most rational decision. But sometimes some factors which come from fmancial markets inefficiency cause in rational behaviors and affect their way of decisions. Therefore not having an appropriate knowledge results in perceptual errors, so, we can offer programs through recognizing investors' personality and deviations to reduce the effects of these deviations, and also to reduce the deviation of long term decisions and help the investors to achieve their long term financial goals. This research had tried to review the connection of personality and perceptual errors of the investors and guide them to the right decisions in stock markets. The field behavioral science in financial disputes is a new incident in financial market studies. This incident discusses that against standard financial discussions and theories, behaviors and cognition can affect the fmancial properties. Such fmancial decisions and investments are preceded by perceptions and predications and are the effects of psychological decisions on financial markets. Indeed studying financial behavior refers to the significant role that psychology plays in financial science. In addition • to the large number of studies in this area, still there are lots of people who are ignorant of covert concept of fmancial behavior. (Montier; 2002) The studies done by shiller and Andri Shifler are among the studies in their area. Also Roll (1986), Barberies and Thaler (2003), Line and et al, (2008) have studied on various perceptual errors and how they affect the investors 234 ISSN 1916-97IX E-ISSN 1916-9728

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