As per classical economic theory, humans are completely rational decision makers who carefully evaluate all facts and evidences before taking decisions that aim at maximizing outcomes. However it has been found that in real life humans are not totally rational, rather they are influenced by various behavioural factors while making decisions. Behavioural Finance has thus emerged as an emerging field that studies the influence of psychology on financial decisions. However, it still remains to be investigated whether the impact of behavioural factors is homogenous on all individuals or whether the demographic and psychographic characteristics of the individuals in any way influence the behavioural investment decision. This research takes up one demographic variable, gender, and attempts to investigate the extent to which gender differences influence behavioural investment decisions.
Behavioural finance, Herd vehaviour, Mental accounting, Over-reaction, Prospect theory
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Jaiswal, B., & Kamil, N. (2012). Gender, behavioral finance and the investment decision. Business Review, 7(2), 8-22. Retrieved from https://ir.iba.edu.pk/businessreview/vol7/iss2/2
March 02, 2021