State influences on the biases in business under economic decisions making

Abstract

The study deals with one of the main important direction of behavioral economics, namely: the biases in business. The biases significantly affect economic decisions and make them less effective. This is reflected not only on the results of individual enterprises, but also on the results of the entire national economy. Therefore, it is important that central and local authorities try to limit the level of bias in business. The conclusions of this study about the possibility directions of the government influence on biases in business are made on the basis of the results of sociological studies of the behavioral reactions of entrepreneurs. These conclusions are useful for both business and government.