Articlediamond2022

The Effect Between Behavioral Biases and Investment Decisions Moderated by Financial Literacy on the Millennial Generation in Jakarta

Natasya Natasya · Dyah Hayu Kusumastuti · Widya Alifia · Farah Margaretha

11 citations0/0 files storedThe Accounting Journal of Binaniaga

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Financial Literacy and Behavior Financial Literacy, Pension, Retirement Analysis Decision-Making and Behavioral Economics

Abstract

Abstract: The purpose of this research was to analyze the effect of financial literacy and behavioral bias on investment decisions in the millennial generation in DKI Jakarta. This research uses quantitative data by distributing questionnaires. The population of this research is people who live in DKI Jakarta and its surroundings. There are as many as 125 respondents in the research conducted. The data collection method used a questionnaire and for the data analysis method in this research using the SEM analysis tool. The findings of this research indicate that overconfidence bias and risk-aversion bias have a significant effect on investment decisions. Meanwhile, herding bias, disposition effect, and financial literacy have no significant effect on investment decisions

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References

2021How financial literacy moderate the association between behaviour biases and investment decision?2016The Psychology of Investing 2012Factors Affecting Investment Decision Making of Equity Fund Managers 2015Factors Affecting Investment Decision Making: Evidence from Equity Fund Managers and Individual Investors in Pakistan 2015Behavioral Biases of the Investment Decisions of Romanian Investorson the Bucharest Stock Exchange 2020PENGARUH FINANCIAL LITERACY, RISK TOLERANCE DAN OVERCONFIDENCE TERHADAP PENGAMBILAN KEPUTUSAN INVESTASI PADA USIA PRODUKTIF DI KOTA BANDUNG 2020Pengaruh Financial Literacy dan Risk Perception terhadap Keputusan Investasi Generasi Millennial Kota Padang 2020PENGARUH OVERCONFIDENCE, REGRET AVERSION, LOSS AVERSION, DAN HERDING BIAS TERHADAP KEPUTUSAN INVESTASI DI INDONESIA.

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