Psychological Bias in Investing
Journal Title: IMPACT : International Journal of Research in Humanities, Arts and Literature ( IMPACT : IJRHAL ) - Year 2017, Vol 5, Issue 11
Abstract
Investment decision is a key decision, in creating financial stability. All decision makers always try to have a rational outlook, as far as decision making is considered. We sometimes forget the fact that, we are human beings and we do have emotions and personal preferences. These personal preferences, emotions, beliefs, past experience etc. create psychological bias. Psychological biases indirectly affect the investment decision making process without the knowledge of the investor. Hence, the decision an investor is taking is prompted by rational thinking as well as psychological bias. This article tries to throw some light on a few of the psychological biases which can affect the decision making process. Knowing and overcoming these biases are extremely important for an investor to take rational decisions
Authors and Affiliations
SANU S J
Keywords
Related Articles
- EP ID EP246360
- DOI -
- Views 99
- Downloads 0
NON PERFORMING ASSETS IN COMMERCIAL BANKS IN INDIA: AN ANALYSIS
The economic reforms initiated by the past prime minister of India Dr. M Singh for the purpose of expansion Indian banking and that was an essential tool to promote financial stability. Further, one important thing of fi...
BEING HIJRA: A STIGMA A PERUSAL TO A.REVATHI: THE TRUTH ABOUT ME( A HIJRA LIFE STORY)
Transgender people are those who have a gender identity or gender expression that differs from their assigned sex. Transgender is also an umbrella term: in addition to including people whose gender identity is opposite o...
A CRITIQUE ON THE UTILIZATION OF INDIGENOUS MATERIAL CULTURE AS AN ART FORM OF COMMUNICATION AND EXPRESSION AMONG FEW COMMUNITIES IN KENYA
Initially, it was believed that Africa as a continent did not have art, at the onset of the 20 century, after it was established that African art did indeed exist, it was termed as Primitive art. Traditional African cul...
RELATIONSHIP BETWEEN RELIGION AND POLITICS IN INDONESIA
In the ancient era Indonesia has witnessed Hindu-dominated empires and influence of Hinduism was evident there in Srivijaya - kingdom. The politicization of religion and vote-bank politics made religion in Indonesia an i...
SETTLEMENT PATTERN OF PULAYA TRIBES - A CASE STUDY IN AANAIMALAI BLOCK, UDUMALPET TALUK, TIRUPUR DISTRICT, TAMIL NADU
Awareness among the tribal communities was lacking and they have an inferiority complex. Their geographical location, distance from the town, accessibility to communication and other activities were influenced more on t...