Behavioral biases drive investment decisions in Pakistan, impacting financial outcomes.
The article explores how different biases affect investors' decisions in the Karachi Stock Exchange. The researchers looked at overconfidence, illusion of control, self-control, and optimism. They collected data from 50 investors and found that all four biases have a significant impact on investment decisions. This suggests that investors in Pakistan are influenced by biases when making decisions about their investments. The study acknowledges limitations like a small sample size and suggests that future research could look at more biases and a larger group of investors.