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Puzzling behavioral mechanisms under extreme market conditions: A bibliometric and systematic literature review

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  • Catherine Georgiou

Abstract

The present study maps the academic literature on behavioral mechanisms that evolve under significant and troublesome economic circumstances in the investment arena. Academic scholars have supported a rising interest and publication thrust on behavioral biases but have limited focus on the mental inclinations and heuristics that form investment decision-making, the underlying dynamics through which opinion impacts on market unpredictability, and the ramifications for speculation procedures. Through bibliometric tools, the study analyzes 220 research papers from the Scopus database and adopts performance examination techniques that assist in identification of impactful journals, prolific authors, countries and affiliations that have contributed to the development of this sub-discipline in behavioral finance. Bibliographic and thematic mapping also generate significant perceptiveness on the intellectual and conceptual structure of the field. The research guidance provided by this review will hopefully provide a roadmap for future research endeavors.

Suggested Citation

  • Catherine Georgiou, 2025. "Puzzling behavioral mechanisms under extreme market conditions: A bibliometric and systematic literature review," Bulletin of Applied Economics, Risk Market Journals, vol. 12(2), pages 209-229.
    • Handle: RePEc:rmk:rmkbae:v:12:y:2025:i:2:p:209-229
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    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G40 - Financial Economics - - Behavioral Finance - - - General
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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