Impact of Psychological Biases on Investor Behavior and Decision Making
作者: Surendra BharsakleNilesh Sharma
刊名: Recent Advances in Psychology, 2016, Vol.3 (1), pp.39-49
来源数据库: Indianjournals.com
关键词: Behavioral financeCapital marketClassical financeInvestment decisionMarket efficiencyPsychological biasesPsychological factorsRational behavior
原始语种摘要: In the present study financial market and investor psychology is analyzed in the light of individual psychological biases and reasons for people's behavior as to why sometimes individual is make irrational financial decisions. The basic purpose of this study is to find the impact of behavioral aspects and the relationship between investors behavior and risk. We found out that investors are not always rational unlike the theories of standard finance. They are subject to several cognitive and emotional errors; they suffer from several biases while taking the investment decision. Due to different biases of their perceptions change about risk taking. Results show that investors who are actually risk averse in their characteristics show the risk seeking behavior by holding the losing...
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关键词翻译
关键词翻译
  • finance 金融
  • overconfidence 过于自信
  • decision 决定
  • market 市场
  • irrational 无理的
  • averse 嫌恶的
  • investor 客商
  • financial 财政的
  • score 得分
  • seeking 勘查