Author Login IJIRT Partner Network (IPN) Login

Exploring the Role of Gender and Educational Background on Cognitive Biases in Investing Habits: A Study on Postgraduate Students

  • Unique Paper ID: 165399
  • Volume: 11
  • Issue: 1
  • PageNo: 659-665
  • Abstract:
  • This paper explores the influence of cognitive biases, as identified in the Behavioral Finance literarure, on investment decision-making among postgraduate students of St. Xavier's University Kolkata. Based on a questionnaire-based methodology, the paper studies three primary cognitive biases: Mental Accounting Bias, Anchoring Bias, and Overconfidence Bias among postgraduate students with a view to uncovering the role of gender and educational background (Commerce, Economics, or Psychology) in influencing these biases. The study further goes on to explore any possible inter-relationships between the biases studied. Responses were collected from students of M.Com., M.A. Psychology, and M.A. Economics. The analysis reveals that male students exhibit higher levels of overconfidence bias compared to their female counterparts, while no significant gender-based differences were found for mental accounting and anchoring biases. Additionally, significant variations in overconfidence bias were observed among students from different departments, whereas mental accounting and anchoring biases remained consistent across disciplines. Correlation analysis indicates that the three biases studied do not show strong interrelations, suggesting they operate independently within the decision-making processes of the participants. This research contributes valuable insights into the cognitive biases affecting young investors in an academic setting, highlighting the need for targeted educational interventions to facilitate informed financial decision-making and mitigate the impact of these biases.
Download article email to a friend

Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 1
  • PageNo: 659-665

Exploring the Role of Gender and Educational Background on Cognitive Biases in Investing Habits: A Study on Postgraduate Students

Related Articles

Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Archive

View More

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry