Are Men Or Women More Overconfident In Investment Decision-Making?

DOI

10.2991/ebic-17.2018.13How to use a DOI?

Keywords

overconfidence; investment decision; investment decision-making

Abstract

Stock investment decisions are actions that will generate the highest expected return. This study aims to determine the influence of gender toward overconfidence and investment decision-making and to test whether there are differences in overconfidence between men and women. The population is investors in the city of Medan, Sample is from investors who are actively investing online incorporated in a securities company located in Medan. This study used primary data by questionnaires with sample consisted of 120 respondents. Data analysis using descriptive statistical analysis, regression and Mann-Whitney Test. The results showed no significant influence with alpha five percent between gender toward overconfidence and investment decision-making; there has influence overconfidence toward investment decision-making. There is no difference in overconfidence between men and women. The result of this research is that securities firms can offer investments with different levels of risk to men and women simultaneously.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Khaira Rizfia Fachrudin
AU  - Prihatin Lumbanraja
AU  - Isfenti Sadalia
AU  - Arlina Nurbaity Lubis
PY  - 2018/01
DA  - 2018/01
TI  - Are Men Or Women More Overconfident In Investment Decision-Making?
BT  - Proceedings of the 1st Economics and Business International Conference 2017 (EBIC 2017)
PB  - Atlantis Press
SP  - 68
EP  - 72
SN  - 2352-5428
UR  - https://doi.org/10.2991/ebic-17.2018.13
DO  - 10.2991/ebic-17.2018.13
ID  - Fachrudin2018/01
ER  -