Demographic and behavioral factors significantly impact individual investor decision making.
Investors' decisions are influenced by various factors like age, gender, income, education, attitudes, and beliefs, not just financial data. These factors can make it hard for analysts to predict stock prices accurately. A recent review looked at how these non-financial factors affect individual investors' choices. The goal was to understand what influences people's investment decisions. The study found that demographic and behavioral factors play a big role in how investors make choices about where to put their money.