Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Elif ASOY, Arif SALDANLI

Konular:-

Anahtar Kelimeler:Irrational Behavior,Cognitive Biases,Over-Confidence,Over-Optimism

Özet: Individual investors may act with cognitive biases while making investment decisions. Therefore; "homoeconomicus" assumption advocated by traditional investment theories is violated. Analyses of normative perspectives remain incapable to explain assets mispricing, market failures, anomalies and crises, since they isolate investors from psychological, social and demographic environment. In this study a survey is carried out to determine over confidence and over optimism biases which may lead irrational behaviours of investors, and to define demographic determinants of these biases.

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