Download PDF
Share this article
Research Article | Volume 2 Issue 6 (November, 2021)
Behavioral Biases and Irrational Exuberance in Investment Decisions: Echo Chamber Perspectives
Under a Creative Commons license
Open Access
Dec. 10, 2021
The advancement of the digital world has been made. Access to knowledge from many platforms substantially benefits the community. In keeping with the effective method of working from home during the Covid-19 pandemic, information media is increasingly becoming a space and medium for making investment decisions, enabling the rise and development of investor financial behavior bias. The purpose of this research is to advance behavioral economics, specifically behavioral biases in capital market investment decisions using the echo chamber perspective as a social media representation. The data used is those of online capital market investors with social media or investor community groups. PLS-SEM is used to analyze data (Partial Least Square-Structrural Equation Modeling). Overconfidence, familiarity effect, and irrational exuberance all have a substantial effect on investment decisions in the Indonesian capital market, however gambler's fallacy, financial cognitive dissonance, and echo chamber have no significant effect.
Behavioral finance
Familiarity effect
Gambler’s fallacy
Financial cognitive dissonance
Irrational exuberance
Investment decisions.
Recommended Articles
Research Article
An Assessment of the Strategies Used in Reputation Maintenance in Government Ministries in Nairobi County
Published: 20/10/2022
Download PDF
Research Article
The Influence of Anchoring Bias, Loss Aversion, Herding Behavior, Overconfidence, and Financial Risk Tolerance on Investment Decisions in the State Savings Bank of the Padang Indonesia Branch Office during the Covid-19 Pandemic
Published: 10/11/2022
Download PDF
Research Article
The Role of Organizational Ambidexterity in Achieving Strategic Creativity: Applied Study at the University of Tikrit
Published: 30/11/2022
Download PDF
Research Article
The Female Student Chases in E-Money in Indonesian Online Shopping; the Technology Acceptance Model (TAM) Approach
Published: 25/10/2022
Download PDF
Flowbite Logo
PO Box 101, Nakuru

Editorial Office:
J.L Bhavan, Near Radison Blu Hotel,
Jalukbari, Guwahati-India
Useful Links
Order Hard Copy
Privacy policy
Terms and Conditions
Refund Policy
About Us
Contact Us
Online Payments
Join as Editor
Join as Reviewer
Subscribe to our Newsletter
+91 60029-93949
Follow us
Copyright © iARCON Internaltional LLP . All Rights Reserved.