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The behavioral finance idea emphasizes that emotional and psychological aspects play a significant role in investment decisions. Behavioral finance is a relatively recent and widely adopted idea that offers an intriguing alternative to traditional finance. This study attempts to determine the impact of an investor's investing gender, experience, and educational level on self-attribution and overconfidence bias when making investment decisions. Institutional and individual investors alike are increasingly interested in financial markets. Communications and information have become extremely quick and accessible. This study intends to determine the impact of investor gender, experience, and educational attainment on two specific biases: overconfidence and self-attribution. This research attempts to examine not just the relationship between the aforementioned specific biases, but also their interdependence. The studies in this study are arranged in the following order. The first section demonstrates self-attribution and overconfidence bias in relation to the individual investor. It is backed up by a review of prior studies that show the influence of experience, gender, and education level on self-attribution and confident bias.
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Cite Article:
"A Study On the Impact of Investment Experience, Gender and Level of Education On Overconfidence and Self-Attribution Bias", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 6, page no.265 - 272, June-2022, Available :http://www.ijrti.org/papers/IJRTI2206047.pdf
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator