000			02109nam a2200301 4500
999			_c50464 _d50464
003			OSt
005			20181120145049.0
008			181120b ||||| |||| 00| 0 eng d
100			_a Isidore, R. Renu _932501
245			_aInvestment Behavior of Secondary Equity Investors : An Examination of the Relationship Among the Biases
300			_a7-20 p.
520			_aBehavioral finance attempts to explain the emotions in the stock market which lead to anomalous stock market behavior. Behavioral biases exhibited by the investors explain their irrational decision making. Knowledge about the interaction among the biases would help to comprehend the investors' financial personality better. Using a dataset of 436 secondary equity investors residing in Chennai, this study measured eight behavioral biases on a Likert scale through a questionnaire survey. The biases studied included mental accounting, anchoring, gambler's fallacy, availability, loss aversion, regret aversion, representativeness, and overconfidence. Significant relationships among the behavioral biases were documented in the study. The biases: (a) overconfidence, regret aversion, and anchoring biases; (b) loss aversion and anchoring; (c) representativeness, gambler's fallacy, and mental accounting; (d) mental accounting and availability biases exhibited by the secondary equity investors were found to be interrelated. Hence, the financial advisors could improve their advice and recommend guidelines to the investors based on the biases they are likely to exhibit.
653			_aBehavioral Finance,
653			_aBehavioral Biases,
653			_aMental Accounting,
653			_aAnchoring,
653			_aGambler's Fallacy,
653			_aAvailability,
653			_aLoss Aversion,
653			_aRegret Aversion,
653			_aRepresentativeness,
653			_aOverconfidence,
653			_aSecondary Equity Market,
653			_a Equity Investors' Behavior
700			_aChristie, P. _932502
773	0		_029384 _972772 _aGILANI,S. _o5559447 _tINDIAN JOURNAL OF FINANCE _x0973-8711
942			_2ddc _cJA-ARTICLE