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Title Impact of Psychological Biases on Perceived investment Performance of Individual Investors: Mediating role of Financial Risk Tolerance

Author(s) Muhammad Zeeshan Yousuf

Abstract Thesis Title: Impact of Psychological Biases on Perceived Investment Performance of Individual Investors: Mediating role of Financial Risk Tolerance This study examines the Impact of Psychological Biases on Perceived Investment Performance of Individual Investors: Mediating role of Financial Risk Tolerance. Psychological biases use as independent variable, perceived investment performance as dependent variable and financial risk tolerance as mediating variable. Psychological biased including overconfidence bias, over optimistic bias, regret aversion bias, herding bias, anchoring bias and representativeness bias. A self-administrative questionnaire was distributed to the stock investors of Faisalabad and Lahore city. The sample size of present study is 275, And 275 questionnaires were distributed among investors and in which 243 are the respondents. Convenient sampling (Snow ball) sampling technique was used to collect data. According the results of, Psychological biases has no direct relation with investment performance but with the help of mediating effect of financial risk tolerance full mediation effect on investment performance. There is no mediation effect of financial risk tolerance between over confidence bias and investment performance. There is partial mediation between Over optimistic bias and investment performance. Regret aversion bias and investment performance is also linked with full mediation effect of financial risk tolerance. Representativeness bias and investment performance also linked with partial mediation of financial risk tolerance. Herding bias also shows mediation effect of financial risk tolerance. Keywords: Psychological Biases, Financial Risk Tolerance & Perceived Investment Performance.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2020-06-04

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