Purpose: The purpose of this paper is to examine how financial literacy and demographic variables (gender, age, income level, education, occupation, marital status and investment experience) related to behavioral biases. Design/methodology/approach: The study uses one-way analysis of variance...

Purpose: This paper examines the relation between the Big Five model of personality traits and behavioral biases (overconfidence, disposition effect, anchoring, representativeness, metal accounting, emotional bias and herding) of Indian individual investors when making investment decisions....

Behavioral science has made a considerable contribution to finance. To gain an understanding of the scientific contributions emerging from all fields of finance with a behavioral perspective, this paper reviews the content of the major journal dedicated to behavioral finance, the Journal of...

Purpose - The purpose of this paper is to systematically review the literature published in past 33 years on behavioural biases in investment decision-making. The paper highlights the major gaps in the existing studies on behavioural biases. It also aims to raise specific questions for future...

Purpose The purpose of this paper is to investigate the relationship between rational decision-making and behavioural biases among individual investors in India, as well as to examine the influence of demographic variables on rational decision-making process and how those differences manifest...