When Bounded Rationality Done in The Sustainability of Family Financial Planning
DOI:
https://doi.org/10.1229/tecempresarialjournal.v19i1.417Abstract
Balinese women, as the companions of their husbands in their households, have a role in meeting not only the material needs of the family but also their spiritual needs. Fulfilling spiritual needs in realizing Tri Hita Karana (the three causes of well-being) is achieved by carrying out a series of heartfelt, holy offerings to God the Creator. The actualization of this can be seen in the staging of the Balinese Galungan holiday where funds for the festival are made available; one of the ways this is done is in the form of Cingkreman. Cingkreman is a kind of financial planning for families that is based on the trust that members of a group place in their leader. Bounded rationality underlies the decisions made by the members to join a Cingkreman association (Sekaa Cingkreman). This research is framed by qualitative research, a hermeunitic interpretive paradigm, and an ethnomethodological approach where the analysis is carried out using Garfinkel analysis. This study reveals that bounded rationality, in making the decision to join Sekaa Cingkreman, is based on values that mean that Cingkreman associations continue to play a part in people's lives in Bali.
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