The more I do, the more I commit errors? An analysis of the presence of cognitive bias in judgments about the budget
Keywords:
Heurísticas, processo orçamentário, Contabilidade Comportamental.Abstract
This research investigated the presence of errors in trials involving situations related to the budget and additionally measured the correlation between the budget process and the existence of cognitive bias in decisions involving scenarios with accounting and financial information. Behavioral Accounting has strengthened the view of knowledge production that aims to seek, increasingly, an interface with other sciences such as psychology, economics and management. In the methodological procedures two blocks of research situations involving concepts relevant to this study were constructed: heuristics and budgeting practices. The construction of these scenarios aimed to observe the occurrence of three heuristics discussed in this study: anchoring, representativeness and availability of instances, observing how the independent variables of this study could explain the occurrence of these phenomena in a single context: the presence of heuristics. The results confirmed the occurrence of heuristics in individuals involved in budgeting practices, supporting the findings of Prospect Theory.
Key words: heuristics, budgeting process, behavioral accounting.
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