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: Common mental shortcuts—such as Anchoring (relying too heavily on the first piece of info) or Herd Mentality (following the crowd)—that can lead to systematic errors.
: The psychological tendency for the pain of losing something to be twice as powerful as the joy of gaining the same amount.
: Examines why humans struggle with long-term goals, often favoring immediate pleasures over future rewards (e.g., hyperbolic discounting). Key Subfields Behavioural Economics and Finance - 2nd Edition - Routledge
The feature of explores how psychological factors, emotions, and cognitive biases influence everyday financial decisions, challenging traditional "rational" economic models. Core Concepts and Principles
: A model describing how individuals evaluate potential losses and gains when making choices under risk.
: The idea that human decision-making is limited by cognitive capacity and time, leading people to use "rules of thumb" or heuristics rather than complex calculations.
iGeo AS was established in 2016 amidst falling oil prices and restructuring of exploration sector. The idea was to preserve knowledge and know-how from upstream oil and gas industry and combine it with emerging technologies at the forefront of academic research.
A synergy of the industry’s best practices and academic spirit has been implemented in iGeo’s outstanding quality solutions for the safer environment.
: Common mental shortcuts—such as Anchoring (relying too heavily on the first piece of info) or Herd Mentality (following the crowd)—that can lead to systematic errors.
: The psychological tendency for the pain of losing something to be twice as powerful as the joy of gaining the same amount.
: Examines why humans struggle with long-term goals, often favoring immediate pleasures over future rewards (e.g., hyperbolic discounting). Key Subfields Behavioural Economics and Finance - 2nd Edition - Routledge
The feature of explores how psychological factors, emotions, and cognitive biases influence everyday financial decisions, challenging traditional "rational" economic models. Core Concepts and Principles
: A model describing how individuals evaluate potential losses and gains when making choices under risk.
: The idea that human decision-making is limited by cognitive capacity and time, leading people to use "rules of thumb" or heuristics rather than complex calculations.
