The effect of demographic factors on behavioral biases
The purpose of this study was to examine the influence of demographic factors such as gender, age, education, occupation, income, and investment experience on investor behavior bias such as overconfidence bias, disposition effects, herding bias, and mental accounting. This type of research was caus...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2021-01-01
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| Series: | Jurnal Siasat Bisnis |
| Subjects: | |
| Online Access: | https://jurnal.uii.ac.id/JSB/article/view/16970 |
| _version_ | 1797372811877023744 |
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| author | Vania Beatrice Werner R. Murhadi Arif Herlambang |
| author_facet | Vania Beatrice Werner R. Murhadi Arif Herlambang |
| author_sort | Vania Beatrice |
| collection | DOAJ |
| description |
The purpose of this study was to examine the influence of demographic factors such as gender, age, education, occupation, income, and investment experience on investor behavior bias such as overconfidence bias, disposition effects, herding bias, and mental accounting. This type of research was causal research with a quantitative approach, and the analytical method used was the analysis of SEM (structural equation modeling). This research was conducted by distributing questionnaires to investors listed on the Indonesia Stock Exchange with a minimum age of 17 years. The results showed that overconfidence bias was influenced by investment experience while disposition effect was influenced by age, income level, and investment experience. Herding bias was influenced by age and occupation while mental accounting was influenced by income level.
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| first_indexed | 2024-03-08T18:41:14Z |
| format | Article |
| id | doaj.art-c3e5a9674e154f42a8ba3664726e7a72 |
| institution | Directory Open Access Journal |
| issn | 0853-7666 2528-7001 |
| language | English |
| last_indexed | 2024-03-08T18:41:14Z |
| publishDate | 2021-01-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Jurnal Siasat Bisnis |
| spelling | doaj.art-c3e5a9674e154f42a8ba3664726e7a722023-12-29T06:56:51ZengUniversitas Islam IndonesiaJurnal Siasat Bisnis0853-76662528-70012021-01-01251The effect of demographic factors on behavioral biasesVania Beatrice0Werner R. Murhadi1Arif Herlambang2Faculty of Business & Economics, University of Surabaya, Surabaya, IndonesiaFaculty of Business & Economics, University of Surabaya, Surabaya, IndonesiaFaculty of Business & Economics, University of Surabaya, Surabaya, Indonesia The purpose of this study was to examine the influence of demographic factors such as gender, age, education, occupation, income, and investment experience on investor behavior bias such as overconfidence bias, disposition effects, herding bias, and mental accounting. This type of research was causal research with a quantitative approach, and the analytical method used was the analysis of SEM (structural equation modeling). This research was conducted by distributing questionnaires to investors listed on the Indonesia Stock Exchange with a minimum age of 17 years. The results showed that overconfidence bias was influenced by investment experience while disposition effect was influenced by age, income level, and investment experience. Herding bias was influenced by age and occupation while mental accounting was influenced by income level. https://jurnal.uii.ac.id/JSB/article/view/16970Behavioral Financeoverconfidence biasdisposition effectherding biasmental accounting |
| spellingShingle | Vania Beatrice Werner R. Murhadi Arif Herlambang The effect of demographic factors on behavioral biases Jurnal Siasat Bisnis Behavioral Finance overconfidence bias disposition effect herding bias mental accounting |
| title | The effect of demographic factors on behavioral biases |
| title_full | The effect of demographic factors on behavioral biases |
| title_fullStr | The effect of demographic factors on behavioral biases |
| title_full_unstemmed | The effect of demographic factors on behavioral biases |
| title_short | The effect of demographic factors on behavioral biases |
| title_sort | effect of demographic factors on behavioral biases |
| topic | Behavioral Finance overconfidence bias disposition effect herding bias mental accounting |
| url | https://jurnal.uii.ac.id/JSB/article/view/16970 |
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