Author/Authors :
DEMiR, Yusuf Süleyman Demirel Üniversitesi - İktisadi ve İdari Bilimler Fakültesi (İİBF) - Turizm İşletmeciliği Bölümü, Turkey , AKÇAKANAT, Tahsin Süleyman Demirel Üniversitesi - İktisadi ve İdari Bilimler Fakültesi (İİBF) - Sağlık Yönetimi Bölümü, Turkey , SONGUR, Ahmet Süleyman Demirel Üniversitesi - EMYO - Büro Hizmetleri ve Sekreterlik Bölümü, Turkey
Title Of Article :
Relationship Between Psychological Attitude of Investors and Their Investment Behavior: A Case Study on ISE Investors
Abstract :
In financial circles, one of the most discussed and interested topics is the forecastability of stock prices. Many of the studies aiming at determining stock market prices rest on the fact that investors make their decisions rationally based on facts and data. In this paper, we aim to investigate the behavior of individual investors in ISE based on published literature in behavioral finance area. We have found that some psychological prejudice in fact affects the behavior of individual investors. Unlike the conventional assumptions many investors make systematic mistakes and do not utilize rational answers even though it is known. Moreover, media, friends and similar environmental factors also affect the investors’ choices, and processes that turns into herd behavior creating abnormalities in the markets which in turn causes exceptionally high or low reactions.
NaturalLanguageKeyword :
Behavioral finance , expectations theory , psychological prejudice
JournalTitle :
Gaziantep University Journal Of Social Sciences
