This study aims to investigate the influence of behavioral biases on investors' investment decisions and explore moderating role financial literacy in this relationship. Research adopts quantitative approach, utilizing a survey questionnaire distributed among sample individual investors actively trading Pakistan stock exchange. Survey assesses prominent like overconfidence, disposition effect, ...

Behavioral financial knowledge deals with the behavior of investors and other users in the capital market. According to the financial knowledge, it is no longer expected that only factors such as accounting information and macroeconomic variables will affect decision-making but also a variety of behavioral variables including manager’s optimism, information influence management, patience of maj...

Anxious individuals have a greater tendency to categorize faces with ambiguous emotional expressions as fearful (Richards et al., 2002). These behavioral findings might reflect anxiety-related biases in stimulus representation within the human amygdala. Here, we used functional magnetic resonance imaging (fMRI) together with a continuous adaptation design to investigate the representation of fa...

Localization of objects and events in the environment is critical for survival, as many perceptual and motor tasks rely on estimation of spatial location. Therefore, it seems reasonable to assume that spatial localizations should generally be accurate. Curiously, some previous studies have reported biases in visual and auditory localizations, but these studies have used small sample sizes and t...

objectives: new cognitive theories of delusions have proposed that deficit or bias in inference stage (a stage of normal belief formation) is significant in delusion formation. the aim of this study was predicting the severity of delusions based on jumping-to-conclusion bias in patients with schizophrenia. methods: the sample consisted of 60 deluded patients with schizophrenia who were selected...

We document two widespread biases in how consumers perceive the costs and benefits of borrowing and saving, and explore the implications of these biases for household finance. Payment/interest bias is the systematic tendency to underestimate a loan interest rate given other loan terms. Future value bias is the systematic tendency to underestimate a future value given a present value, time horiz...