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Influence of anchoring bias and overconfidence bias of investment decisions

Influence of anchoring bias and overconfidence bias of investment decisions

Chijuka, Ify ORCID logoORCID: https://orcid.org/0009-0006-1043-5018 and Oshoma, Blessing Osigbeme (2022) Influence of anchoring bias and overconfidence bias of investment decisions. Sagbama Journal of Economics and Allied Science, 1 (2). pp. 22-34.

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Abstract

The study investigates how behavioural biases particularly anchoring bias and overconfidence bias affect investors in Edo state, Nigeria while making investment decisions. Regression analysis was employed in the study to examine the relationship between these biases and investment decision-making using data from 308 fully completed questionnaires. The results demonstrate that both overconfidence bias and anchoring bias have significant impact on investment decision-making.

Item Type: Article
Uncontrolled Keywords: overconfidence bias; anchoring bias
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HG Finance
Faculty / School / Research Centre / Research Group: Faculty of Business
Last Modified: 24 May 2024 10:14
URI: http://gala.gre.ac.uk/id/eprint/47252

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