Psykologiska beslutsfällors inverkan på investeringsbeslut
Independent thesis Advanced level (degree of Master (One Year))Student thesisAlternative title
Psychological decision traps affect on investments decision (English)
Problem: The question is if investors falls into psychological decision traps when they are about to make an investments decision. Research in other areas suggests that this may be case. The reason is that they are not aware of that psychological decision traps exist. If so, it can lead to pernicious consequences for the return on the portfolios they manage. Purpose: To investigate if investors fall into four different psychological decisions traps: anchoring, confirming evidence, overconfidence and regression towards mean, at investments in IPOs Method: We have collected data through a form of experiment. The experiment was designed with test related to a fictitious Initial Public Offering. Conclusions: The result from the empirical study shows that stock investors falls into the psychological decisions traps. In general there are more amateur investors who falls into the traps than professional analysts. We have created a model over the investment decision process and the traps associated to each step in the process.
Place, publisher, year, edition, pages
2001. , 37 p.
psykologi, beslutsfällor, investeringar, börsintroduktioner, IPO, investeringsbeslut
IdentifiersURN: urn:nbn:se:bth-2352Local ID: oai:bth.se:arkivexE0CC918817DC1352C1256A720042036DOAI: oai:DiVA.org:bth-2352DiVA: diva2:829624
UppsokSocial and Behavioural Science, Law
Mikael Gustavsson 0702-46 28 94 Richard Karlsson 0707- 46 28 83 Henrik Wannberg 0736- 26 35 542015-04-222001-06-212015-06-30Bibliographically approved