The aim of this study was investigate the heuristics presence in budgetary practices. The initial hypothesis highlighted was the heuristics use in budgetary processes, where the change in the level of bias was analyzed according to the level of individual's involvement. The second hypothesis...

The goal of this study is to measure possible correlations between age, gender and education variables and the existence of cognitive biases in budgeting decisions. The concepts developed by Kahneman and Tversky about the heuristics were used as theoretical support for the base of this research....