Behavioral finance claims that investment attitude in the capital market is a function of investors' psychology, sentiment and approach towards risk. To fulfill this thirst, many experiential studies like Gruber (1996), Piana (2001), Pindyck (1986), Hallahan et al. (2004), have found that there...

Investors' psychology, sentiment, attitude towards risk, degree of risk tolerance or aversion and other risk characteristics largely influence the investment decision which is empirically observed by Deck et al. (2008). Lashgari (2000), Dennis and Mayhew (2002), Suk and Tully (2003), and Wurgler...