Economics, Econometrics and Finance
8 years ago

Illusion of Control Bias Impacts Investor Decisions in Islamabad Stock Exchange

European Journal of Business and Management
An Empirical Study of Overconfidence and Illusion of Control Biases, Impact on Investor’s Decision Making: An Evidence from ISE
Syed Usman Qadri, Mohsin Shabbir

Paper Summary

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The study looked at how people make investment decisions in the Islamabad Stock Exchange. They found that two main biases, overconfidence and illusion of control, strongly influence how investors make choices. These biases can lead investors to make decisions that may not be the most rational. The researchers used a survey to gather information from investors and discovered that these biases have a significant impact on decision-making in the stock market.