Name
Abstract | ||
|---|---|---|
This research presents evidence that decision support systems can play an important role in debiasing behaviorally-challenged investors. An empirical study involving 119 participants provides strong evidence for the existence of cognitive biases in investment decision making and demonstrates the effectiveness of decision aids in lowering the negative impact of such biases on the ability of investors to make sound investment decisions. Additionally, such decision aids are shown to be more valuable in decision environments where the bias level is likely to be higher. |
Year | DOI | Venue |
|---|---|---|
2008 | 10.1016/j.dss.2008.07.010 | Decision Support Systems |
Keywords | Field | DocType |
decision support system,investment decision making,behaviorally-challenged investor,decision support systems,decision aid,empirical study,cognitive biases,experimental investigation,sound investment decision,decision environment,debiasing investor,strong evidence,investment decision,bias level,cognitive bias | Cognitive bias,Debiasing,Inversion (meteorology),Computer science,Decision support system,Knowledge management,Investment decisions,Cognition,Decision aids,Empirical research | Journal |
Volume | Issue | ISSN |
46 | 1 | Decision Support Systems |
Citations | PageRank | References |
15 | 0.78 | 12 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Gokul Bhandari | 1 | 26 | 4.46 |
| Khaled Hassanein | 2 | 630 | 37.24 |
| Richard Deaves | 3 | 15 | 1.12 |