5,461
Views
57
CrossRef citations to date
0
Altmetric
ARTICLES

An Exploratory Inquiry into the Psychological Biases in Financial Investment Behavior

, &
Pages 94-103 | Published online: 29 May 2013

REFERENCES

  • Auberbach , C. F. and Silverstein , L. B. 2003 . Qualitative Data: An Introduction to Coding and Analysis. , New York , NY : New York University Press .
  • Baker , H. Kent and Nofsinger , John R. 2002 . Psychological Biases of Investors . Financial Services Review , 11 : 97 – 116 .
  • Churchill , G. A. Jr . 2001 . Basic Marketing Research , Orlando, Harcourt , FL : College Publishers .
  • Cohen , J. D. 2005 . The Vulcanization of the Human Brain: A Neural Perspective on Interactions between Cognition and Emotion . Journal of Economic Perspectives , 19 : 3 – 24 .
  • Creswell , J. W. 2003 . Research Design: Qualitative, Quantitative, and Mixed Methods Approaches , Thousand Oaks , CA : Sage Publications .
  • Cummins , R. A. and Nistico , H. 2002 . Maintaining Life Satisfaction: The Role of Positive Cognitive Bias . Journal of Happiness Studies , 3 : 37 – 69 .
  • Diliberto , R. 2006 . Uncovering and Understanding Your Clients’ History, Values, and Transitions . Journal of Financial Planning ,
  • Firestone , W. A. 1993 . Alternative Arguments for Generalizing From Data as Applied to Qualitative Research . Educational Researcher , 22 : 16 – 23 .
  • Gliner , J. A. , Morgan , G. A. and Leech , N. L. 2009 . Research Methods in Applied Settings: An Integrated Approach to Design and Analysis. , New York , NY : Routledge-Taylor and Francis .
  • Greenfinch , P. 2007 . Introduction and Main Concepts: BF vs. EMH Retrieved from http://perso.orange.fr/pgreenfinch/bfdef.htm
  • Haselton , M. , Nettle , G. D. and Andrews , P. 2005 . “ The Evolution of Cognitive Bias ” . In Handbook of Evolutionary Psychology , Edited by: Buss , D. M. New York , NY : Wiley .
  • Haselton , M. G. and Nettle , D. 2006 . The Paranoid Optimist: An Integrative Evolutionary Model of Cognitive Biases . Personality and Social Psychology Review , 10 : 47 – 66 .
  • Kahneman , D. , Mark , W. and Riepe . 1998 . Aspects of Investor Psychology . Journal of Portfolio Management , 24 : 52 – 65 .
  • Kahneman , D. and Tversky , A. 1974 . Judgment Under Uncertainty: Heuristics and Biases . Science , 185 : 1124 – 1131 .
  • Keren , G. and Teigen , K. H. 2004 . “ (Yet) Another Look at the Heuristics and Biases Research Program ” . In Blackwell Handbook of Decision Making , Edited by: Koehler , D. J. and Harvey , N. 89 – 109 . MA: Blackwell Publishing .
  • Kuzel , A. 1992 . “ Sampling in Qualitative Inquiry ” . In Doing Qualitative Research: Research Methods for Primary Carl , Edited by: Crabtree , B. and Miller , W. 31 – 44 . London , England : Sage Publications .
  • Kvale , S. 2007 . Doing Interviews. , London , England : Sage Publications .
  • Lovric , M. , Kaymak , U. and Spronk , J. 2008 . A Conceptual Model of Investor Behaviour . ERIM Report Series Reference No. ERS-2008-030-F and A , Retrieved from http://ssrn.com/abstract=1144293
  • Malhotra , N. 2005 . Marketing Research: An Applied Orientation. , New Delhi , , India : Prentice Hall India .
  • McKeone , D. H. 1995 . Measuring Your Media Profile , London , England : Gower Press .
  • Miles , M. B. and Huberman , A. M. 1994 . Qualitative Data Analysis , Thousand Oaks , CA : Sage Publications .
  • Montier , J. 2002a . Behavioural Finance: Insights into Irrational Minds and Markets , New York , NY : Wiley Finance .
  • Montier , J. 2002b . Darwin's Mind: The Evolutionary Foundations of Heuristics and Biases . Retrieved from http://ssrn.com/abstract=373321 or doi:10.2139/ssrn.37332
  • Mudholkar , R. S. and Sadique , M. N. 2007 . It's Time for Metamorphosis: The Transition in the Financial Services Industry in India . Financial Planning Journal , 9 : 18 – 24 .
  • OECD . 2004 . OECD's Financial Education Project . Financial Market Trends , 87 : 223 – 228 .
  • Olsen , R. A. 2007 . Investors’ Predisposition for Annuities: A Psychological Perspective . Journal of Financial Service Professionals ,
  • Patton , M. 1990 . Qualitative Evaluation and Research Methods. , London , England : Sage Publications .
  • Planning Commission . Dec. 2006 . Report of the Working Group on Savings for the Eleventh Five Year Plan
  • Pompian , M. 2006 . Behavioural Finance and Wealth Management: How to Build Optimal Portfolios that Account for Investor Biases , New York , NY : Wiley Finance .
  • Pompian , M. 2008 . Using Behavioural Investor Types to Build Better Relationships with Your Clients . Journal of Financial Planning , : 64 – 76 .
  • Pradhan , P. 2008 . Financial Literacy: How Critical for Banking? . Indian Banker , 3 : 14 – 23 .
  • Prast , H. 2004 . Investor Psychology: A Behavioural Explanation of Six Financial Puzzles . Research Series of De Nederlandsche Bank ,
  • Reddy , Y. V. 2006 . The Role of Financial Education: The Indian Case , Retrieved from www.bis.org/review/r060921b.pdf
  • Ritter , J. R. 2003 . Behavioural Finance . Pacific-Basin Finance Journal , 11 : 429 – 437 .
  • Roszkowski , M. J. and Grable , J. E. 2007 . How Are Income and Net Worth Related to Happiness? . Journal of Financial Service Professionals , 61 : 64
  • Rubin , H. and Rubin , I. 1995 . Qualitative Interviewing: The Art of Hearing Data. , Thousand Oaks , CA : Sage Publications .
  • Shefrin , H. 2000 . Beyond Greed and Fear: Understanding Behavioural Finance and the Psychology of Investing. , Boston , MA : Harvard Business School Press .
  • Sjobreg , L. and Engelberg , E. 2006 . Attitudes to Economic Risk Taking, Sensation Seeking and Values of Economists Specializing in Finance . SSE/EFI Working Paper Series in Business Administration, Center for Risk Research Stockholm School of Economics
  • Slovic , P. 1972 . Psychological Study of Human Judgment: Implications for Investment Decision Making . The Journal of Finance , 27
  • Slovic , P. 1987 . Perception of Risk . Science , 236 : 280 – 285 .
  • Strauss , A. and Corbin , J. 1990 . Basics of Qualitative Research: Grounded Theory Procedures and Techniques. , Newbury Park , CA : Sage Publications .
  • Taylor , S. E. and Brown , J. D. 1988 . Illusion and Well-Being: A Social Psychological Perspective on Mental Health . Psychological Bulletin , 103 : 193 – 210 .
  • Thaler , R. H. 1999 . Mental Accounting Matters . Journal of Behavioural Decision Making , 12 : 183 – 206 .
  • Thomas , R. M. 2003 . Blending Qualitative and Quantitative Research Methods in Theses and Dissertations. , Thousand Oaks , CA : Corwin Press .
  • Williams , G. 2007 . Some Determinants of the Socially Responsible Investment Decision: A Cross-Country Study . Journal of Behavioural Finance , 8 : 43 – 57 .
  • Zaleskiewicz , T. 2006 . “ Behavioural Finance ” . In Handbook of Contemporary Behavioural Economics Edited by: Altman , M. and Sharpe , M. E. 706 – 728 . New York , NY

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.