Application of mental accounting to selected aspects of consumer behavior

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Dátum

2024

Názov časopisu

ISSN časopisu

Názov zväzku

Vydavateľ

Belianum. Vydavateľstvo Univerzity Mateja Bela v Banskej Bystrici

ISBN

ISSN

1336-8818
2989-3186

Abstrakt

This study explores mental accounting by integrating behavioral economics and accounting principles to understand consumer decision-making. It introduces a novel framework based on double-entry accounting principles, drawing from accounting standards, to visualize mental accounting processes and mitigate heuristic-driven biases. Theoretical insights synthesize classical and modern literature, highlighting heuristics as both enablers and sources of cognitive bias. Empirical analysis demonstrates how these biases influence decision-making and validates the framework’s utility in identifying and mitigating irrationalities. By adopting an accounting perspective, consumers can rationalize financial decisions more effectively. The findings advance behavioral economics, offering practical tools to enhance decision-making under uncertainty and suggesting paths for future research.

Popis

In: Acta aerarii publici : vedecký časopis Ekonomickej fakulty Univerzity Mateja Bela v Banskej Bystrici. Banská Bystrica : Vydavateľstvo Univerzity Mateja Bela - Belianum, 2024. ISSN 1336-8818. Roč. 21, č. 2 (2024), s. 77-90.

Kľúčové slová

mentálne účtovníctvo, mental accounting, spotrebiteľské správanie, správanie spotrebiteľov, nákupné správanie, consumer behavior, consumer behaviour, shopping behaviour, účtovné štandardy

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Citácia

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CC BY-ND Creative Commons Attribution-NoDerivatives 4.0. International
info:eu-repo/semantics/openAccess