Behawioralne aspekty wyceny opcji w warunkach polskiego rynku instrumentów pochodnych
Behavioral Aspects in Estimating the Value of the Option in Polish market

Summary/Abstract: The article is focused on the subject of options valuating under risk. Authors show the importance of behavioral aspect in the decision-making process as well as its impact on valuation of options. The elaboration is based on the assumption of how investors are prejudging investment risk ignoring options value calculated with use of options pricing models and employing heuristics to judge it. In the article there are presented findings and results of research conducted by Authors. The article is focused on the subject of options valuating under risk. Authors show the importance of behavioral aspect in the decision-making process as well as its impact on valuation of options. The elaboration is based on the assumption of how investors are prejudging investment risk ignoring options value calculated with use of options pricing models and employing heuristics to judge it. In the article there are presented findings and results of research conducted by Authors.

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