Vieses nas decisões de aposentadoria dos profissionais do mercado financeiro

Abstract

This study aims to investigate whether professionals in the financial market are concerned with financial planning for retirement. Using the Prospect Theory of Kahneman and Tversky (1979), the study also verifies whether these professionals, despite their specialized knowledge, are influenced by cognitive biases such as the certainty effect, the reflection effect, and hyperbolic discounting. The research involves applying questionnaires to a representative sample of these professionals, collecting data on their attitudes towards retirement and biases. The result suggests that less experienced or younger professionals are more subject to the certainty effect and demonstrate less concern about retirement. Regarding gender, women are more influenced by the hyperbolic discounting bias. The results contribute to the literature by providing empirical data that support theories for understanding how cognitive biases affect the retirement decisions of these professionals and to assist in the development of practices that can help these professionals make more beneficial decisions for their financial future.