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UNVEILING OVERCONFIDENCE BIAS IN INVESTMENT DECISION MAKING: A BIBLIOMETRIC ANALYSIS

Ajit Singh Dhall , Institute of Management Studies and Research, Maharshi Dayanand University, Rohtak, Haryana, India

Abstract

Overconfidence bias is a prevalent cognitive bias that influences investment decision making, leading to suboptimal financial outcomes. This study aims to unveil the extent and characteristics of research on overconfidence bias in investment decision making through a bibliometric analysis. A systematic review of academic literature was conducted, and relevant articles were retrieved from various scholarly databases. The bibliometric analysis involved examining publication trends, authorship patterns, citation networks, and thematic clusters of research on overconfidence bias in investment decision making. The analysis provides insights into the growth of research in this area, identifies influential authors and articles, and highlights the key themes and subtopics explored. The findings contribute to a better understanding of the existing knowledge landscape on overconfidence bias in investment decision making, informing future research directions and facilitating evidence-based interventions to mitigate the negative impact of overconfidence bias.

Keywords

Overconfidence bias, Investment decision making, Cognitive biases

References

Barber BM, Odean T. Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. The Journal of Finance. 2000; 55:773-806. doi: 10.1111/0022-1082.00226

Barber B, Odean T. Boys Will be Boys: Gender,Overconfidence, and Common Stock Investment. The Quarterly Journal of Economics. 2001; 116(1):261-292. Retrieved October 27, 2020, from http://www.jstor.org/ stable/269 6449

Daniel Kent, David Hirshleifer. "Overconfident Investors, Predictable Returns, and Excessive Trading." Journal of Economic Perspectives. 2015; 29(4):61-88.

Odean T. “Do investors trade too much?”, American Economic Review. 1999; 89(5):1279-1298.

Skala Dorota. “Overconfidence in Psychology and Finance– an Interdisciplinary” Literature Review. Published in: Bank i Kredyt. 2008; 4:33-50.

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Ajit Singh Dhall. (2023). UNVEILING OVERCONFIDENCE BIAS IN INVESTMENT DECISION MAKING: A BIBLIOMETRIC ANALYSIS. IFSMRC African International Journal of Research in Management, 11(06), 16–20. Retrieved from https://www.ifsmrc.org/index.php/IFSMRC-AIJRM/article/view/19