The Effect of Emotional Contagion, Availability Bias, Overconfidence, Loss Aversion, and Herding on Investment Decisions in the Millennial Generation During the Beginning of the Covid-19 Pandemic

Yuwono, Wisnu and Elmadiani, Chintia (2021) The Effect of Emotional Contagion, Availability Bias, Overconfidence, Loss Aversion, and Herding on Investment Decisions in the Millennial Generation During the Beginning of the Covid-19 Pandemic. In: ICLSSEE 2021, March 6th 2021, Jakarta, Indonesia.

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Abstract

The purpose of this study was to analyze the effect of emotional contagion, availability bias, overconfidence, loss aversion, and herding on investment decisions in the millennial generation who live in Batam City, which is an area in Indonesia that has free trade zone and special economic zone facilities. This research is quantitative research with distributing questionnaires, the sample was taken from 220 active millennial investors who invest in stocks. By processing data using software of SmartPLS version 3.2, the results show that availability bias, loss aversion, and herding have a significant positive effect on investment decisions, but emotional contagion and overconfidence bias have no significant effect on investment decisions. The results of this study indicate that millennial investors during the Covid-19 pandemic were still able to think positively and carefully in making the right investment decisions.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: emotional contagion; availability bias; overconfidence; loss aversion; herding; investment decisions
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 17 May 2021 08:31
Last Modified: 17 May 2021 08:31
URI: https://eprints.eudl.eu/id/eprint/3507

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