The Effect of Overconfidence and Gender on the Investment Decisions

14 Pages Posted: 7 Apr 2017  

Bilgehan Tekin

Çankırı Karatekin University

Date Written: October 2, 2017

Abstract

In this study, it was tried to show the role of overconfidence and gender, which is frequently emphasized in the discipline of behavioral finance, on the choices of which they make the major investment instruments. For this purpose a questionnaire was prepared and applied to 272 faculty of economics and administrative sciences students. Parametric and nonparametric hypothesis testing methods were used to analyze the data. As a result, it is concluded that overconfidence is more in men than in women and that gender is a decisive factor in the choice of investment instrument. Nevertheless, in the context of this study there is no evidence that there is a relationship between choosing investment instruments and overconfidence.

Keywords: Overconfidence, investment decisions, gender

JEL Classification: G02, G10, E22

Suggested Citation

Tekin, Bilgehan, The Effect of Overconfidence and Gender on the Investment Decisions (October 2, 2017). Available at SSRN: https://ssrn.com/abstract=2497987 or http://dx.doi.org/10.2139/ssrn.2497987

Bilgehan Tekin (Contact Author)

Çankırı Karatekin University ( email )

Uluyazı Kampüsü Merkez
Çankırı Merkez, Çankırı 18100
Turkey

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