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This Author published in this journals
All Journal Indonesian Journal of Business Analytics (IJBA)
Rafandito Mahendra Nugraha Prayudi
Univeristas Pembangunan Nasional “Veteran” Jawa Timur
Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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The Impact of Financial Literacy, Overconfidence Bias, Herding Bias and Loss Aversion Bias on Investment Decision Rafandito Mahendra Nugraha Prayudi; Eko Purwanto
Indonesian Journal of Business Analytics Vol. 3 No. 5 (2023): October 2023
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v3i5.5715

Abstract

Investment decisions, aimed at securing long-term gains, are shaped by rational and irrational attitudes in capital allocation. Financial literacy gauges the rational stance, while behavioral finance dissects irrational inclinations. Behvioral finance includes overcondience bias, herding bia and loss aversion bias. This study scrutinizes how financial literacy, overconfidence bias, herding bias, and loss aversion bias sway investment choices for young Java Island investors. Simple random sampling is used, analyzed via Partial Least Square. Results indicate financial literacy lacks significant impact. Overconfidence boosts decisions, while high herding bias hampers them. Loss aversion bias, however, holds no sway on Java Island investors' decisions.
Co-Authors Eko Purwanto