The Influence of Availability Bias, Herding Bias, Disposition Effect, and Overconfidence on Investment Decisions through Risk Perception

Yandi Suprapto; Fathir Suria Marika Putri

doi:10.55681/economina.v5i9.4238

Authors

Yandi Suprapto Universitas Internasional Batam, Indonesia
Fathir Suria Marika Putri Universitas Internasional Batam, Indonesia

DOI:

https://doi.org/10.55681/economina.v5i9.4238

Keywords:

Availability Bias, Herding Bias, Disposition Effect, Risk Perception, Investment Decision

Abstract

The purpose of this study is to investigate how generation X, Y, and Z investors in Batam City are related to availability bias , disposition effect , herding bias , overconfidence bias , risk perception , and investment decisions . After 410 people were selected through purposive sampling technique , the data were processed using PLS-SEM method. The results show that overconfidence , herding bias , disposition effect, and risk perception have a positive impact on investment decisions . In contrast, availability bias has no direct impact. In addition, the results of the study show that risk perception serves as a link between availability bias , herding bias , and overconfidence . bias with investment decision , however, the disposition effect with investment decision is not significant.

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References

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