Psykologiska beslutsfällors inverkan på investeringsbeslut
FöretagsekonomiBusiness administration - informationPsykologiBeslutsfällorInvesteringarBörsintroduktionerIpoInvesteringsbeslut
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.