GENERATIONAL COHORT CHARACTERISTICS AND ANALYSIS OF BEHAVIORAL BIASES OF INDIVIDUALS FOR INVESTMENT DECISION MAKING ACROSS INTER GENERATIONAL COHORTS GROUPS

Authors

  • Dr Christina Shiju Assistant Professor, University of Mumbai

Keywords:

Biases, Behavior, Investment, Cohort, Generation, Decision, Finance

Abstract

Behavioral finance puts in perspective the implication of an individual's inherent behavior impacting decision making. The present study bases itself on the concepts of investor finance and generational studies giving much better understanding of the domain. The domain of behavioral finance has pertinently become an independent and relevant domain in finance. Generational studies expound demographic study based on generation theories, divided into cohorts, with each cohort bearing specific characteristics. The study has been carried out to comprehend the inter generational relationship of behavioral biases across generational cohorts. The study was carried in Thane with 384 individuals across generational cohorts with age ranges from 18-55 years. Statistical analysis has been carried out to analyze the relational basis. Cohort characteristic linkage has been carried out to comprehend the basis of the statistical results.

References

Bikas, E., Jurevi, D., Bikas, E., Keliuotyt, G., and Novickyt, L. (2014) Behavioral Finance: The Emergence and Development Trends Procedia - Social and Behavioral Sciences 82 870ISSN 1877-0428876

Shefrin, H. and Statman, M. (2003) The Contributions of Daniel Kahneman and Amos Tversky Journal of Behavioral Finance 4(2) 54-58 ISSN 1542 -7579

Mitroi, A. and Oproiu, A. (2014) Behavioral finance: new research trends, socionomics and investor emotions Theoretical and Applied Economics 12: 4(593) 153-166 ISSN 1841-8678 (print) ISSN 1844 -0029 ( online)

Lissitsa, S., and Kol, O. (2016). Generation X vs. Generation Y - A decade of online shopping. Journal of Retailing and Consumer Services, 31 304-312 ISSN 0969-6989 Lowies, G., Hall, J. and Cloete, C. (2016), Heuristic-driven bias in property investment decision-making in South

Africa Journal of Property Investment & Finance, 34( 1) 51-67. ISSN 1463-578X Mittendorf, C. (2018), "Collaborative consumption: the role of familiarity and trust among Millennials", Journal of Consumer Marketing, 35 ( 4) 377-391. ISSN 0736-3761

Downloads

Published

2022-09-30

How to Cite

Shiju, D. C. . (2022). GENERATIONAL COHORT CHARACTERISTICS AND ANALYSIS OF BEHAVIORAL BIASES OF INDIVIDUALS FOR INVESTMENT DECISION MAKING ACROSS INTER GENERATIONAL COHORTS GROUPS. The Journal of Contemporary Issues in Business and Government, 28(3), 271–286. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2374