- Finans Ekonomi ve Sosyal Araştırmalar Dergisi
- Cilt: 8 Sayı: 3
- THE INTERACTION BETWEEN COGNITIVE BIASES AND THE CULTURAL DIMENSIONS OF THE COUNTRY IN INDIVIDUAL IN...
THE INTERACTION BETWEEN COGNITIVE BIASES AND THE CULTURAL DIMENSIONS OF THE COUNTRY IN INDIVIDUAL INVESTMENT DECISIONS
Authors : Nurgün Komşuoğlu Yilmaz
Pages : 828-839
Doi:10.29106/fesa.1343379
View : 86 | Download : 120
Publication Date : 2023-10-09
Article Type : Research
Abstract :There are many physical, psychological, and social factors that have an impact on the decision-making process. Subjective cognitive factors that affect this process are called cognitive biases. Cognitive biases can impede people from making the right decisions by affecting their objective behavior in decision-making. This situation comes to the fore, especially in financial investment decisions and investors move away from making optimal decisions due to various cognitive biases. Culture has a significant impact on the way of life and thinking of people living in a country. The cultural characteristics of the country may have an impact on the prominence of different cognitive biases. In this study, the relationship between cultural dimensions and cognitive biases was examined in terms of individual financial investments in Türkiye.Keywords : Bilişsel Önyargı, Bireysel Yatırım Kararları, Kültür