This study examines how four behavioral biases overconfidence, herding, loss aversion, and mental accounting affect investment decisions among stock investors in Indonesia. Primary data were collected through questionnaires from individual stock investors, yielding 506 responses, of which 400 valid responses were analy...
Objectives: The aim of this study was to investigate the influence of overconfidence, disposition effect, herding effect and home bias on the process of making investment decisions in stocks, and to account for the moderating effect of financial literacy.Methodology: The study was carried out on 100 investors in the In...
The traditional finance perspective assumes that investors make rational investment decisions by objectively evaluating available information, risk and expected returns. However, behavioural finance demonstrates that psychological and cognitive biases can significantly influence investment behaviour. Among these biases...
Investment behaviour and financial decision-making have become increasingly significant in today's dynamic financial environment, particularly among young investors who are actively participating in diverse investment avenues. Understanding the behavioural dimensions that influence investment decisions is essential for...
This study empirically tests a structural equation model that explains how individual psychological characteristics influence investor decision-making by looking at the effects of psychological biases and risk tolerance on investment decisions. Investment decisions are rarely based solely on financial data, expected re...
Retail participation in Indian equity and mutual fund markets has expanded rapidly since 2020, drawing in investors whose financial sophistication has not kept pace with their market access. Drawing on the current (2020–2026) evidence base, this study examines how four Behavioural biases overconfidence, herd behaviour,...
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