The article explores how Nepalese investors' decisions are influenced by behavioral biases like fear of loss, overconfidence, and optimism. The researchers collected data from 136 investors and conducted interviews with institutional investors. They found that loss aversion, overconfidence, and confirmation bias impact financial decisions significantly. Additionally, status quo bias and mental accounting bias are prevalent among institutional investors and affect individual investors' decisions. Overall, Nepalese investors are influenced by behavioral biases when making financial choices.