Behavioral Biases: Analyzes of Investment Strategies
Behavioral Biases: Analyzes of Investment Strategies

Author(s): Věra Jančurová
Subject(s): Behaviorism, Evaluation research, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: behavioral finance; investment strategies; heuristics and biases;
Summary/Abstract: The study is based on the knowledge of behavioral finance that financial markets are strongly influenced by the psychology of financial markets. Besides investment strategies are affected by behavior of participants of financial markets. By referring to psychology the study proves particular features of investment strategies for presence of behavioral biases. Conducted analyzes shows that each feature of investment strategy inclines to several biases and some biases repeat frequently. The findings of the paper may help to avoid psychological effects on investment strategies, which could be useful especially for investors.

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