Behavioral Influences on Decision Making

Vol-2 | Issue-9 | September 2017 | Published Online: 15 September 2017    PDF ( 269 KB )
Author(s)
Vipin Kumar 1; Sharda Kumari 2

1Assistant professor, L. N. Mishra College of Business Management, Muzaffarpur, Bihar (India)

2Assistant professor, L. N. Mishra College of Business Management, Muzaffarpur, Bihar (India)

Abstract

Most of the Traditional models and theories of decision making are based on cognitive thinking or rational evaluation of available alternative but as the time goes on we experienced that we are not always influenced by our cognitive mind but sometime we are also sways by our emotions and mood fluctuations. This paper aim to identify the role of emotion in consumer decision-making through literature review and conclude that emotion is having a significant influence on the buying decision of the investors and marketers must understand these emotions to being successful in the market.

Keywords
decision making, investors, cognitive thinking, emotions and marketers
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