Theoretical Approaches to the Application of Behavioral Finance in Investment Portfolio Management

Titel:

Theoretical Approaches to the Application of Behavioral Finance in Investment Portfolio Management

Authors:

Alina Ribalko, Student, Oles Honchar Dnipro National University
Tetiana Grynko, Dr. of Economics, Professor, Dean of the Faculty of Economics, Oles Honchar Dnipro National University

Journal: International Journal of Psychology and Strategic Communication
ISSN: 2941-5691 (Online), 2941-5705 (Print)
DOI: https://doi.org/10.61030/QWBC9481

Abstract
The article discusses theoretical approaches to the application of behavioral finance in investment portfolio
management. The purpose of the work is to analyze the concepts and methods proposed within the framework of
behavioral finance to improve investment portfolio management. The main cognitive biases of investors and their
impact on portfolio formation are analyzed. Theoretical strategies for overcoming behavioral errors in asset
selection and capital allocation are considered. The conceptual foundations of the role of financial consultants in
the application of the principles of behavioral finance in portfolio management have been studied. The importance
of taking behavioral factors into account in theoretical models for the development of investment products and
services focused on the optimization of portfolio investments is substantiated.

Keywords
Behavioral finance, Cognitive biases, Portfolio optimization

How to Cite This Article
Ribalko, A., & Grynko, T. (2025). Theoretical approaches to the application of behavioral finance in investment portfolio management. International Journal of Psychology and Strategic Communication, 3. https://doi.org/10.61030/QWBC9481

Full Article (PDF)
https://ijpsc.org/journal/data/23_Rybalko_DNU.pdf

Metadata and Info
DOI: https://doi.org/10.61030/QWBC9481
Year: 2025
License: CC BY 4.0 (if applicable) – https://creativecommons.org/licenses/by/4.0/

@article{AlinaRibalko2025QWBC9481,
  title = {Theoretical Approaches to the Application of Behavioral Finance in Investment Portfolio Management},
  author = {Alina Ribalko and Tetiana Grynko},
  journal = {International Journal of Psychology and Strategic Communication},
  year = {2025},
  doi = {10.61030/QWBC9481},
  url = {https://doi.org/10.61030/QWBC9481},
  issn = {2941-5691}
}

TY  - JOUR
AU  - Alina Ribalko
AU  - Tetiana Grynko
TI  - Theoretical Approaches to the Application of Behavioral Finance in Investment Portfolio Management
JO  - International Journal of Psychology and Strategic Communication
PY  - 2025
SN  - 2941-5691
DO  - 10.61030/QWBC9481
UR  - https://doi.org/10.61030/QWBC9481
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