Economics, Econometrics and Finance
4 years ago

Overconfidence bias leads to wrong investment decisions, impacting North Macedonia's economy.

Economic and Business Trends Shaping the Future
THE IMPACT OF OVERCONFIDENCE BIAS ON PERSONAL INVESTMENT DECISIONS: THE CASE OF NORTH MACEDONIA
Shenaj Hadzimustafa, Nermine Shabani

Paper Summary

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The study looked at how people in North Macedonia make investment decisions, focusing on the impact of overconfidence bias. Men tend to be more overconfident than women when investing, and overconfidence increases with higher education levels. This bias can lead to wrong decisions, so it's important to be aware of it when making investment choices.