Investigating the effect of three different factors including experience, personality and color on the decision-making process in stock markets using EEG
Author
Abstract
Suggested Citation
DOI: 10.1016/j.socec.2024.102163
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Bashar Yaser Almansour & Sabri Elkrghli & Ammar Yaser Almansour, 2023. "Behavioral finance factors and investment decisions: A mediating role of risk perception," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(2), pages 2239032-223, June.
- Ronzani, P. & Savadori, L. & Folloni, G. & Mittone, L., 2018. "Selective insensitivity for losses but not gains in decision making under risk among the poor," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 77(C), pages 96-106.
- Schwaiger, Rene & Kirchler, Michael & Lindner, Florian & Weitzel, Utz, 2020.
"Determinants of investor expectations and satisfaction. A study with financial professionals,"
Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
- Rene Schwaiger & Michael Kirchler & Florian Lindner & Utz Weitzel, 2018. "Determinants of investor expectations and satisfaction. A study with financial professionals," Working Papers 2018-17, Faculty of Economics and Statistics, Universität Innsbruck.
- Marjanovic, Zdravko & Fiksenbaum, Lisa & Greenglass, Esther, 2018. "Financial threat correlates with acute economic hardship and behavioral intentions that can improve one's personal finances and health," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 77(C), pages 151-157.
- Kliger, Doron & Gilad, Dalia, 2012. "Red light, green light: Color priming in financial decisions," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 738-745.
- Saima Rizvi & Amreen Fatima, 2015. "Behavioral Finance: A Study of Correlation Between Personality Traits with the Investment Patterns in the Stock Market," Springer Proceedings in Business and Economics, in: S. Chatterjee & N.P. Singh & D.P. Goyal & Narain Gupta (ed.), Managing in Recovering Markets, edition 127, chapter 0, pages 143-155, Springer.
- Andreas Oehler & Stefan Wendt & Florian Wedlich & Matthias Horn, 2018. "Investors' Personality Influences Investment Decisions: Experimental Evidence on Extraversion and Neuroticism," Journal of Behavioral Finance, Taylor & Francis Journals, vol. 19(1), pages 30-48, January.
- Armando N. Meier, 2022. "Emotions and Risk Attitudes," American Economic Journal: Applied Economics, American Economic Association, vol. 14(3), pages 527-558, July.
- Guillaume Baechler & Laurent Germain, 2018. "A literature review on neurofinance," Finance, Presses universitaires de Grenoble, vol. 39(2), pages 9-41.
- Sproten, Alec N. & Diener, Carsten & Fiebach, Christian J. & Schwieren, Christiane, 2018. "Decision making and age: Factors influencing decision making under uncertainty," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 76(C), pages 43-54.
- Francesco Capalbo & Alex Frino & Ming Ying Lim & Vito Mollica & Riccardo Palumbo, 2018. "The Impact of CEO Narcissism on Earnings Management," Abacus, Accounting Foundation, University of Sydney, vol. 54(2), pages 210-226, June.
- Denes Szucs & John P A Ioannidis, 2017. "Empirical assessment of published effect sizes and power in the recent cognitive neuroscience and psychology literature," PLOS Biology, Public Library of Science, vol. 15(3), pages 1-18, March.
- Amador-Hidalgo, Luis & Brañas-Garza, Pablo & Espín, Antonio M. & García-Muñoz, Teresa & Hernández-Román, Ana, 2021. "Cognitive abilities and risk-taking: Errors, not preferences," European Economic Review, Elsevier, vol. 134(C).
- Maximilian Koestner & Benjamin Loos & Steffen Meyer & Andreas Hackethal, 2017. "Do individual investors learn from their mistakes?," Journal of Business Economics, Springer, vol. 87(5), pages 669-703, July.
- Khaira Rizfia Fachrudin & Khaira Amalia Fachrudin, 2016. "The Influence Of Education And Experience Toward Investment Decision With Moderated By Financial Literacy," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 51-60, December.
- Monika Dhochak & Anil Kumar Sharma, 2016. "Using interpretive structural modeling in venture capitalists’ decision-making process," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 43(1), pages 53-65, March.
- Zain UI Abideen & Zeeshan Ahmed & Huan Qiu & Yiwei Zhao, 2023. "Do Behavioral Biases Affect Investors’ Investment Decision Making? Evidence from the Pakistani Equity Market," Risks, MDPI, vol. 11(6), pages 1-32, June.
- Rahmani, Amir & Mashayekh, Javad & Aboojafari, Roohallah & Bonyadi Naeini, Ali, 2023. "Determinants of households' intention for investment in renewable energy projects," Renewable Energy, Elsevier, vol. 205(C), pages 823-837.
- João Paulo Vieito & Armando Freitas da Rocha & Fabio Theoto Rocha, 2015. "Brain Activity of the Investor's Stock Market Financial Decision," Journal of Behavioral Finance, Taylor & Francis Journals, vol. 16(3), pages 220-230, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Reisdorfer-da-Silva, Rômulo César & Becker, Kalinca Léia & Vieira, Kelmara Mendes, 2025. "The impact of board games on the financial literacy of public-school students," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 114(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Celse, Jeremy & Karakostas, Alexandros & Zizzo, Daniel John, 2023.
"Relative risk taking and social curiosity,"
Journal of Economic Behavior & Organization, Elsevier, vol. 210(C), pages 243-264.
- Jeremy Celse & Alexandros Karakostas & Daniel John Zizzo, 2021. "Relative Risk Taking and Social Curiosity," Discussion Papers Series 648, School of Economics, University of Queensland, Australia.
- Valentina Alvarez-Saavedra & Pierre Levasseur & Suneha Seetahul, 2023.
"The Role of Gender Inequality in the Obesity Epidemic: A Case Study from India,"
Journal of Development Studies, Taylor & Francis Journals, vol. 59(7), pages 980-996, July.
- Valentina Alvarez-Saavedra & Pierre Levasseur & Suneha Seetahul, 2022. "The role of gender inequality in the obesity epidemic: A case study from India," Working Papers hal-03744694, HAL.
- Valentina Alvarez-Saavedra à & Pierre Levasseur & Suneha Seetahul, 2023. "The Role of Gender Inequality in the Obesity Epidemic: A Case Study from India," Post-Print hal-04051768, HAL.
- Sébastien Foudi, 2024. "Are risk attitude, impatience, and impulsivity related to the individual discount rate? Evidence from energy-efficient durable goods," Theory and Decision, Springer, vol. 96(4), pages 627-661, June.
- Melanie Koch & Lukas Menkhoff, 2025.
"The non-linear impact of risk tolerance on entrepreneurial profit and business survival,"
Small Business Economics, Springer, vol. 64(4), pages 1643-1670, April.
- Melanie Koch & Lukas Menkhoff, 2024. "The Non-linear Impact of Risk Tolerance on Entrepreneurial Profit and Business Survival," Discussion Papers of DIW Berlin 2067, DIW Berlin, German Institute for Economic Research.
- Koch, Melanie & Menkhoff, Lukas, 2025. "The non-linear impact of risk tolerance on entrepreneurial profit and business survival," Open Access Publications from Kiel Institute for the World Economy 319532, Kiel Institute for the World Economy (IfW Kiel).
- Oehler, Andreas & Schmitz, Jonas Tobias, 2021. "Does intensified communication of hedge funds with letters affect abnormal returns?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 127-142.
- Laura Hueber & Rene Schwaiger, 2021. "Debiasing Through Experience Sampling: The Case of Myopic Loss Aversion," Working Papers 2021-01, Faculty of Economics and Statistics, Universität Innsbruck.
- Stewart Jones & Nurul Alam, 2019. "A machine learning analysis of citation impact among selected Pacific Basin journals," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(4), pages 2509-2552, December.
- Xiujing Qi & Jiaqi Li & Yongliang Yang, 2025. "How Does the Perception of Climate Change Affect Residents’ Choices of Green Assets?," Sustainability, MDPI, vol. 17(7), pages 1-25, April.
- Katarzyna Czech & Luiza Ochnio & Michał Wielechowski & Serhiy Zabolotnyy, 2024. "Financial Literacy: Identification of the Challenges, Needs, and Difficulties among Adults Living in Rural Areas," Agriculture, MDPI, vol. 14(10), pages 1-17, September.
- Amaral, Christopher & Kolsarici, Ceren, 2020. "The financial advice puzzle: The role of consumer heterogeneity in the advisor choice," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
- Wu, Manhua & Tian, Xiujuan & Ma, Lin & Peng, Nianjiao, 2024. "Role transition, investment practice and risk Management of Peer-to-peer Lending Investors: Based on the perspective of investor learning," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
- D’Hondt, Catherine & De Winne, Rudy & Merli, Maxime, 2021.
"Do retail investors bite off more than they can chew? A close look at their return objectives,"
Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 879-902.
- D’Hondt, Catherine & De Winne, Rudy & Merli, Maxime, 2021. "Do retail investors bite off more than they can chew? A close look at their return objectives," LIDAM Reprints LFIN 2021015, Université catholique de Louvain, Louvain Finance (LFIN).
- D’Hondt, Catherine & De Winne, Rudy & Merli, Maxime, 2021. "Do retail investors bite off more than they can chew? A close look at their return objectives," LIDAM Discussion Papers LFIN 2021003, Université catholique de Louvain, Louvain Finance (LFIN).
- Muñoz-Muñoz, E. & Crespo-Cebada, E. & Mirón-Sanguino, A.S. & Díaz-Caro, C., 2025. "Investors personality correlates with sustainability preferences in investment – A choice experiment with Spanish investors," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 114(C).
- Mujcic, Redzo & Powdthavee, Nattavudh, 2022. "How Do Humans Respond to Huge Financial Losses?," IZA Discussion Papers 15536, Institute of Labor Economics (IZA).
- Kim, J.H. John & Anderson, Ronald, 2024. "CEO narcissism and the agency cost of debt," Journal of Empirical Finance, Elsevier, vol. 77(C).
- Samahita, Margaret & Holm, Håkan J., 2023. "No mood effects in the field: The case of car inspections," Journal of Economic Psychology, Elsevier, vol. 96(C).
- Jacob Odei Addo & Juraj Cúg & Solomon Abekah Keelson & John Amoah & Zora Petráková, 2025. "Behavioral Risk Management in Investment Strategies: Analyzing Investor Psychology," IJFS, MDPI, vol. 13(2), pages 1-19, April.
- repec:osf:osfxxx:7dc6a_v1 is not listed on IDEAS
- Katarina Valaskova & Peter Adamko & Katarina Frajtova Michalikova & Jaroslav Macek, 2021. "Quo Vadis, earnings management? Analysis of manipulation determinants in Central European environment," Oeconomia Copernicana, Institute of Economic Research, vol. 12(3), pages 631-669, September.
- M. Rahila Begam & Manivannan Babu & M. M. Sulphey, 2024. "Examining the Relationship Between Stock Returns and Investor Sentiments: The Moderating Effect of Weather Patterns," Vision, , vol. 28(4), pages 469-479, August.
- Andrew E Clark & Rong Zhu, 2024.
"Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control,"
The Economic Journal, Royal Economic Society, vol. 134(660), pages 1465-1493.
- Andrew E Clark & Rong Zhu, 2023. "Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control," Working Papers halshs-04335808, HAL.
- Andrew E Clark & Rong Zhu, 2023. "Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control," PSE Working Papers halshs-04335808, HAL.
- Clark, Andrew E. & Zhu, Rong, 2023. "Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control," IZA Discussion Papers 16704, Institute of Labor Economics (IZA).
- Andrew E. Clark & Rong Zhu, 2024. "Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control," Post-Print halshs-04639531, HAL.
- Andrew E. Clark & Rong Zhu, 2024. "Taking Back Control? Quasi-Experimental Evidence on the Impact of Retirement on Locus of Control," PSE-Ecole d'économie de Paris (Postprint) halshs-04639531, HAL.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:109:y:2024:i:c:s221480432400003x. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.