Lietuvos investuotojų elgsena finansų krizės metu

Abstract

Based on research of academic literature, this article analyses Lithuanian investors'behaviour during financial crisis. The article summarizes the newest finance science subjects, theories of behavioural finance, and works of various scientists, in order to find cognitive and emotional investors'deviations from rational behaviour, and also to better understand and explain how emotions and environment valuation mistakes influence investors and their decision-making. Emotional nature of investors'mistakes is repeating and predictable, therefore it can be used for gains. With the help of behavioural finance models, investor types are supposed, which are distinguished and summarized during the Lithuanian investors'behaviour research. The research revealed that financial crisis was extremely significant, having fundamental changes in investors'behaviour.