A Impact of Behavioral Biases on Investment Decision Making with Moderating Role of Financial Literacy
Keywords:
The objective of this study is to examine the Impact of Overconfidence bias and Herding bias on Investment Decision Making with Moderating Role of Financial Literacy. The population was Investor, Employee and Graduate Student. A sample of 200 was selected using convenience technique. Data were collected through structure questionnaire adopted from different papers. Correlation and Regression analysis were performed to examine the result. The Results show that overconfidence bias and herding bias have a positive impact on investment decision making and Financial Literacy has positive impact on investment decision making. Based on the results and discussions of the study findings as well as the limitations, theoretical and practical implications of the study have been provided.Abstract
The objective of this study is to examine the impact of overconfidence bias and herding bias on investment decision-making, with the moderating role of financial literacy. The population comprised investors, employees, and graduate students. A sample of 200 participants was selected using a convenience sampling technique. Data were collected through a structured questionnaire adopted from previous studies. Correlation and regression analyses were conducted to examine the results. The findings indicate that overconfidence bias and herding bias positively influence investment decision-making, while financial literacy also has a positive impact on investment decision-making. Based on the results and discussion of the study, as well as its limitations, theoretical and practical implications have been provided.
