Overconfident investors in Islamabad Stock Exchange make risky investment decisions.
Investors in Islamabad Stock Exchange tend to be overconfident in their private information, impacting their stock investment decisions. This overconfidence is related to the accuracy of their information. Another bias, self-attribution, does not significantly affect decision-making. The study shows that behavioral biases like overconfidence and self-attribution play a role in how investors make decisions in the stock market.