Uncovering India's Behavioral Biases: Impact on Investment Decisions Revealed
Behavioral finance studies why people make certain financial choices based on psychology theories, including judgmental errors. In India, there is limited research on this topic. The main goal of the study was to analyze India's position in the world regarding behavioral finance and biases affecting investment decisions. The researchers identified various behavioral biases like overconfidence, confirmation bias, and herding bias that influence financial decision-making. India's standing in the field of behavioral finance and biases was examined through bibliometric analysis.