Abstract

The paper provides an intricately complex set of links between the fields of physics, neuroscience, artificial intelligence and climate science, and multiple loops on tourism, proposing a path to new solutions to the uncertainty that exists (already present) roots in the solution through non-isolated systems that have different connection relationships with the external environment. These relationships create complex thermodynamics and information transfer between the system and its environment. The deductive research framework seeks to see the role within a non-isolated system in shaping thermodynamic coupling as a basis for financial decision making through interdisciplinary financial knowledge, in a world where resources are limited and their use will have an impact on efficient resource management. In practice, this implies a role in the fine balance between economic growth, the risk of modern slavery, the exploitation of Earth’s resources and global environmental problems such as climate change and water scarcity, which often lead to armed conflict. Negative effects can be mitigated a little by choosing the right energy sources and resources and using them as much as possible with zero or a minimum of negative side effects by applying interdisciplinary knowledge.

Keywords: financial decision making, neuroscience, artificial intelligence, tourism, emotions.

JEL Classification: G4, G41, Z3.

Cite as: Njegovanović, A. (2022). Financial Decision Making Within Thermodynamic Principles. Financial Markets, Institutions and Risks, 6(2), 16-35. https://doi.org/10.21272/fmir.6(2).16-35.2022

This work is licensed under a Creative Commons Attribution 4.0 International License

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