Investment fund managers - rational or not - Polish capital market example

摘要

The aim of this paper is to assess the rationality of certified investment advisors employed as mutual fund managers operating on the Polish capital market by examining the decision biases to which they are subject. Investment fund managers are expected to make rational decisions while managing the capital of individuals and this hypothesis is verified in the paper. The method of tasks identifying the behavioural traps is used in the survey. As the result of the survey it is concluded that investment fund managers are rational basic on the answers they gave to the questions analyzing their decisions.