Cognitive Biases Among Millennial Indian Investors: Do Personality and Demographic Factors Matter?

2021 ◽  
pp. 231971452110573
Author(s):  
Sangita Choudhary ◽  
Mohit Yadav ◽  
Anugamini Priya Srivastava
Keyword(s):  
Financial Literacy ◽  
Cognitive Biases ◽  
Family Income ◽  
Demographic Factors ◽  
Binary Logistic Regression ◽  
Mental Accounting ◽  
Anchoring And Adjustment ◽  
Annual Family Income ◽  
Availability Bias ◽  
And Gender

This study examines the influence of financial literacy, gender, annual family income and neuroticism personality trait on the probability of millennial equity investors to suffer from selected cognitive biases (availability bias, representative bias, mental accounting bias and anchoring and adjustment bias). Binary logistic regression method is applied to conduct the analysis. Results of the current study indicate that selected demographic factors and investor personality are significant in predicting the probability of millennial Indian investor to suffer from the biases under consideration. For availability bias, financial literacy; for representative bias, financial literacy, neuroticism and gender; for mental accounting bias, neuroticism, gender and annual family income; and for anchoring and adjustment bias, financial literacy, neuroticism, gender and annual family income are found as significant predictors.

scholarly journals FINANCIAL LITERACY AND RISK PROFILE: AN EXTENSIVE OBSERVATION ON BANK EMPLOYEES

2021 ◽  
Vol 19 (1) ◽  
pp. 175-186
Author(s):  
Sylviana Maya Damayanti ◽  
◽  
Pramudya Wicaksana ◽  
Keyword(s):  
Financial Literacy ◽  
Financial Management ◽  
Demographic Factors ◽  
Sampling Technique ◽  
Well Being ◽  
Risk Profile ◽  
Financial Decisions ◽  
Bank Employees ◽  
And Gender ◽  
High Level

People with a high level of financial literacy tend to have better financial management skills to realize their financial well-being through effective financial decisions including investing according to their risk profile. The banking industry is an industry that has the highest inclusive level selected because it can represent financial literacy conditions. On the other hand, the gap between financial inclusion and financial literacy leads to a large number of investment (illegal) cases and complaints to regulators. The purpose of this research is to find out the level of financial literacy and type of risk profile, factors that affect it with bank employees in Bandung as research objects. The sampling technique used is a non-probability sampling technique that is purposive sampling with a total of 408 respondents. Data collection is through online questionnaires. There are three sections questionnaire, demographic factors, financial literacy, and risk profile. The data processing techniques used are descriptive statistical analysis and multiple regressions. The results showed that bank employees in Bandung had financial literacy indexes categorized as “medium” or “sufficient” (66.7%) with a risk profile index of “moderate” type (60%). Demographic factors that affect financial literacy are age, education level, and organizational position. While the factor that affects the risk profile is age and gender. Research has also revealed a strong correlation between financial literacy and risk profile.

scholarly journals SOCIO-DEMOGRAPHIC CHARACTERISTICS OF MALE CONTRACEPTIVE USE IN INDONESIA

2019 ◽  
Vol 19 (1) ◽  
pp. 152-157
Author(s):  
Dian Kristiani Irawaty ◽  
Hadi Pratomo
Keyword(s):  
Family Planning ◽  
Contraceptive Use ◽  
Demographic Factors ◽  
Binary Logistic Regression ◽  
Bivariate Analysis ◽  
Binary Logistic Regression Model ◽  
Chi Squared ◽  
And Gender ◽  
Socio Demographic Factors ◽  
The Relationship

Low contraceptive uptake among men remains significant issues in Indonesia. Hence, this study seeks to understand the association between socio-demographic factors and men’s contraceptive use in Indonesia by utilizing the 2012 Indonesia Demographic and Health Survey (IDHS), couple dataset. Bivariate analysis was conducted by performing a chi-squared test of independence to analyse the relationship between selected socio-demographic factors and the dependent variable. A binary logistic regression model was considered to identify the effects of covariates. Place of residence, husbands’ approval on family planning, husbands and wives knew family planning from newspaper/magazine, and the perception that contraception is woman’s business were significant predictors according to the IDHS. Programs related to gender-sensitive campaign about family planning and gender-sensitive curricula in schools are needed for encouraging men to use contraception.

scholarly journals Unequal chances: ex ante fairness and individual control

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Leticia Micheli ◽  
Nickolas Gagnon
Keyword(s):  
Perceived Control ◽  
Online Survey ◽  
Family Income ◽  
Financial Outcomes ◽  
Individual Control ◽  
Ex Ante ◽  
And Gender ◽  
Different Sources ◽  
Do So

AbstractUnequal financial outcomes often originate from unequal chances. Yet, compared to outcomes, little is known about how individuals perceive unequal distributions of chances. We investigate empirically the role of different sources of unequal chances in shaping inequality perceptions. Importantly, we do so from an ex ante perspective—i.e., before the chances are realized—which has rarely been explored. In an online survey, we asked uninvolved respondents to evaluate ex ante the fairness of unequal allocations of chances. We varied the source of inequality of chances, using a comprehensive range of factors which resemble several real world situations. Respondents also evaluated how much control individuals hold over the distribution of chances. Results show that different sources generate different ex ante perception of fairness. That is, unequal chances based on socioeconomic and biological factors, such as gender, family income and ethnicity, are evaluated to be unfair relative to the same chances based on effort, knowledge, and benevolence. Results also show that, for most individuals, there is a positive correlation between perceived control of a factor and fairness of unequal chances based on that factor. Luck appears to be an exception to this correlation, ranking as high in fairness as effort, knowledge, and benevolence, but similarly low in individual control as ethnicity, family income, and gender.

Biracial American Colorism: Passing for White

2018 ◽  
Vol 62 (14) ◽  
pp. 2072-2086 ◽  
Author(s):  
Keshia L. Harris
Keyword(s):  
Native Americans ◽  
Family Income ◽  
Racial Groups ◽  
Science Literature ◽  
Racial Identification ◽  
Social Science Literature ◽  
And Gender ◽  
The One ◽  
Identification Processes ◽  
The U.S

Biracial Americans constitute a larger portion of the U.S. population than is often acknowledged. According to the U.S. Census, 8.4 million people or 2.6% of the population identified with two or more racial origins in 2016. Arguably, these numbers are misleading considering extensive occurrences of interracial pairings between Whites and minority racial groups throughout U.S. history. Many theorists posit that the hypodescent principle of colorism, colloquially known as “the one drop rule,” has influenced American racial socialization in such a way that numerous individuals primarily identify with one racial group despite having parents from two different racial backgrounds. While much of social science literature examines the racial identification processes of biracial Americans who identify with their minority heritage, this article focuses on contextual factors such as family income, neighborhood, religion, and gender that influence the decision for otherwise African/Asian/Latino/Native Americans to identify as White.

Demographic factors in attitudes towards population growth and control

1972 ◽  
Vol 4 (1) ◽  
pp. 9-23 ◽  
Author(s):  
Larry D. Barnett
Keyword(s):  
Population Growth ◽  
Family Income ◽  
Household Head ◽  
Demographic Factors ◽  
City Size ◽  
World Population ◽  
Population Limitation ◽  
Business Executive ◽  
World Population Growth ◽  
And Control

Using two Gallup polls, which together contained three questions on the attitudes of adult Americans towards population growth and control, a multivariate analysis was conducted of the relationship to each question of nine demographic factors: age, city size, education, family income, occupation of the household head, race, region, religion and sex. Only education and religion showed an intrinsic relationship with attitudes. Specifically, the extent of endorsement of the view that the world population growth rate is a serious problem, and of the view that population limitation will, at some time, be necessary, increased with education. Among those whose family income was at least $10,000 and those whose house-hold head was a professional or business executive, Protestants were more likely than Catholics to view US and world population growth rates as serious and to consider population limitation necessary.

scholarly journals The influence of demographic factors and financial literacy on the financial behavior

2021 ◽  
Vol 10 (1) ◽  
pp. 33
Author(s):  
Agustina Rosa Iriani ◽  
Caecilia Wahyu Estining Rahayu ◽  
Christina Heti Tri Rahmawati
Keyword(s):  
Financial Literacy ◽  
Demographic Factors ◽  
Financial Behavior ◽  
Chi Square ◽  
Purposive Sampling

Penelitian ini bertujuan untuk mengetahui (1) pengaruh faktor demografi terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma; dan (2) pengaruh literasi keuangan terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Jenis penelitian ini menggunakan metode survei. Penelitian ini membagikan 100 kuesioner untuk memperoleh data responden. Teknik pengambilan sampel menggunakan purposive sampling. Teknik analisis data yang digunakan adalah analisis crosstabulation dan analisis Chi Square. Hasil penelitian ini menunjukkan bahwa faktor demografi (pekerjaan orangtua, pendidikan orangtua, dan pendapatan orangtua) tidak berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Sedangkan, literasi keuangan berpengaruh terhadap perilaku keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma. Implikasi penelitian ini, meningkatnya literasi keuangan mahasiswa Fakultas Ekonomi Universitas Sanata Dharma diharapkan dapat meningkatkan perilaku keuangan mahasiswa menjadi lebih baik sehingga mampu meningkatkan kesejahteraannya.Kata kunci: Faktor demografi; literasi keuangan, perilaku keuangan

scholarly journals A Bibliometric Analysis of Behavioral Finance and Behavioral Accounting

2021 ◽  
Vol 24 (2) ◽  
pp. 198-230
Author(s):  
Bharati Singh
Keyword(s):  
Bibliometric Analysis ◽  
Behavioral Finance ◽  
Financial Literacy ◽  
Cognitive Biases ◽  
Research Work ◽  
Behavioral Accounting ◽  
Cognitive Constraints ◽  
Vos Viewer ◽  
Emerging Themes ◽  
And Performance

This paper presents a bibliometric analysis of relevant publications in the field of behavioral finance and behavioral accounting. The analysis shows that the emerging themes of research in recent years in behavioral finance is on investors’ sentiment, social media, investors’ attention, and financial literacy. In the field of behavioral accounting, biases such as  overconfidence, framing effects or cognitive constraints on information processing, have been explored in greater detail. Other than cognitive biases, this field includes studies such as behavioral tax, organizational ecology, and performance evaluative style of organization, among others. Interestingly, our analysis suggests that research in behavioral accounting is comparatively underdeveloped than research in behavioral finance. This bibliometric analysis has been extended by network analysis using, “Visualization of similarities, (VOS) viewer” software. Using the themes generated here the direction for future scope of research work has been discussed.

scholarly journals Examining and investigating the impact of demographic characteristics and chronic diseases on mortality of COVID-19: Retrospective study

PLoS ONE ◽  
2021 ◽  
Vol 16 (9) ◽  
pp. e0257131
Author(s):  
Abbas Al Mutair ◽  
Alya Al Mutairi ◽  
Saad Alhumaid ◽  
Syed Maaz Abdullah ◽  
Abdul Rehman Zia Zaidi ◽  
...  
Keyword(s):  
Diabetes Mellitus ◽  
Saudi Arabia ◽  
Binary Logistic Regression ◽  
Demographic Characteristics ◽  
Control Measures ◽  
Effective Control ◽  
Diabetic Patients ◽  
History Of ◽  
And Gender ◽  
The Impact

Background Epidemiological features characterization of COVID-19 is highly important for developing and implementing effective control measures. In Saudi Arabia mortality rate varies between 0.6% to 1.26%. The purpose of the study was to investigate whether demographic characteristics (age and gender) and non-communicable diseases (Hypertension and Diabetes mellitus) have a significant association with mortality in COVID-19 patients. Methods Prior to data collection, an expedite approval was obtained from Institutional Review Board (IRB Log No: RC. RC20.09.10) in Al Habib Research Center at Dr. Sulaiman Al-Habib Medical Group, Riyadh, Saudi Arabia. This is a retrospective design where we used descriptive and inferential analysis to analyse the data. Binary logistic regression was done to study the association between comorbidities and mortality of COVID-19. Results 43 (86%) of the male patients were non-survivors while 7 (14%) of the female patients were survivors. The odds of non-survivors among hypertensive patients are 3.56 times higher than those who are not having a history of Hypertension (HTN). The odds of non-survivors among diabetic patients are 5.17 times higher than those who are not having a history of Diabetes mellitus (DM). The odds of non-survivors are 2.77 times higher among those who have a history of HTN and DM as compared to those who did not have a history of HTN and DM. Conclusions Those patients that had a history of Hypertension and Diabetes had a higher probability of non-survival in contrast to those who did not have a history of Diabetes and hypertension. Further studies are required to study the association of comorbidities with COVID-19 and mortality.

scholarly journals EFFECT OF FINANCIAL LITERACY, RISK ATTITUDE AND SAVING MOTIVES TO DISPOSITION BIAS ON MUTUAL FUNDS INVESTORS

2021 ◽  
Vol 2 (1) ◽  
pp. 27-33
Author(s):  
Jennifer Saputra ◽  
Dewi Astuti ◽  
Dewi Pertiwi
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Financial Literacy ◽  
Investment Decision ◽  
Risk Attitude ◽  
Binary Logistic Regression ◽  
Human Needs ◽  
Investment Decision Making ◽  
Considerable Impact ◽  
Spss Software

Investment is significant to prepare human needs in the future. To make investment decisions, investors will try to make their decisions as rationally as possible. However, one cannot deny that some irrational factors or biases also influence investment decision-making. This study examines financial literacy, risk attitude, and saving motives on disposition bias of mutual fund investors. The sample used is mutual fund investors, and the respondents themselves make decisions to sell or buy mutual funds. The total of respondents is 116 respondents. The regression method used in this study is binary logistic regression using SPSS software. This study found that financial literacy and risk attitude has a significant effect on disposition bias. Meanwhile, the variable saving motives have no considerable impact on disposition bias.

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