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Essay / Financial Inclusion: An Introduction to Finance...
In general, all people are rational, with the main goal being to maximize wealth, but sometimes people tend to make irrational decisions because they are influenced through their psychological emotions and behavior. becomes unpredictable. Conventional finance fails to explain why people behave irrationally and why their decisions are irrational, which is why behavioral finance came into being. Behavioral finance plays an essential role in inclusive finance. Behavioral finance helps achieve a high level of financial inclusion because it understands the psychology of participants and involves them in the financial/banking world.