Tjandrasa, Benny Budiawan and Tjandraningtyas, Jacqueline Mariae (2018) The Effects of Personality Types and Demographic Factors on Overconfidence Bias and Decision Making of Investment Types. Petra International Journal of Business Studies, 1 (2). pp. 57-62. ISSN 2621-6426
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Abstract
In financial management theories, an investor will act rationally and make a decision to invest based on the rules in the financial management theory. Nevertheless, in reality, the decision making to invest is very often irrational and not in accordance with the financial management theory. This deviation is caused by the bias of investors’ behavior in making a decision. Investors who only focus on the return of an investment without paying attention to the risks are said to experience overconfidence bias. This research analyses the factors which are considered to influence investors with overconfidence bias in deciding the investment types. The factors are personality type, marital status, income level, work experience, and fields of study that have been taken. This research can contribute to completing the study of financial management, particularly in the investment decision and putting psychological factors in the analysis of financial management. The results of this study are demographic factors and personality types simultaneously affect overconfidence bias and decision making of investment types.
| Item Type: | Article |
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| Uncontrolled Keywords: | Investment; overconfidence bias; personality types; demographic factor. |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Depositing User: | Perpustakaan Maranatha |
| Date Deposited: | 19 Jun 2019 05:36 |
| Last Modified: | 19 Jun 2019 05:36 |
| URI: | http://repository.maranatha.edu/id/eprint/26777 |
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