Behavioral biases: Analyzes of investment strategies
| Authors | |
|---|---|
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | In European Financial Systems 2015. Proceedings of the 12th International Scientific Conference |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | behavioral finance - investment strategies - heuristics and biases |
| Description | The study is based on the knowledge of behavioral finance that financial markets are strongly influenced by the psychology of financial markets. Besides investment strategies are affected by behavior of participants of financial markets. By referring to psychology the study proves particular features of investment strategies for presence of behavioral biases. Conducted analyzes shows that each feature of investment strategy inclines to several biases and some biases repeat frequently. The findings of the paper may help to avoid psychological effects on investment strategies, which could be useful especially for investors. |
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