Overconfidence Leads Generation Z Students to Risky Investment Decisions
The study looked at how factors like overconfidence, regret aversion, loss aversion, and herding behavior influence investment decisions in Generation Z students. They found that overconfidence had a significant positive effect, while regret aversion, loss aversion, herding behavior, and risk perception did not have a significant impact on investment decisions. The researchers used a survey with 120 respondents and a statistical analysis method called Partial Least Square to reach these conclusions.