Gender As A Moderator In Behavioral Biases Affecting Investment Decision Accuracy And Performance
Abstract
Behavioural biases significantly impact investment decision accuracy and performance. This research explores how gender moderates these biases, analyzing differences in susceptibility between men and women. Despite extensive literature on behavioural finance, the gender-specific influence on investment outcomes remains underexplored. Addressing this gap, we conduct a quantitative analysis with a diverse sample of investors to identify key biases are overconfidence, loss aversion, and herd behaviour and their differential impacts. Our findings reveal distinct gender patterns in information processing and decision-making, influencing investment accuracy and performance. These insights offer valuable guidance for financial advisors and policymakers to develop gender-sensitive strategies, enhancing investment decision processes. This study enriches the behavioural finance literature by highlighting gender's nuanced role, promoting more inclusive and effective investment practices.
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