Financial Education and Decision Making Processes

The present paper aims to examine whether students of financial studies, who are, therefore, most likely to pursue a career in stock market, demonstrate tendenc ies of irrational behaviour during decis ion making when exposed to dilemmas.In detail, based on questions drawn from the literature of Behavioural F inance, the study attempts to explore whether biases, emotions and overall behaviour are likely to deter rational choices and also whether the acquis ition of financ ial knowledge enables generating rational thinking and decisions. The findings of the empirical research, based on a sample of 84 students, seem to support the princ iples of the Behavioural F inance theory, according to which decis ion making is contingent upon emotions that are likely to result in systematic errors.