How to cite this paper
APA: Safaie, N., Sadighi, A & Ghazani, M. (2024). Analyzing the interrelations among investors’ behavioral biases using an integrated DANP method. Decision Science Letters, 13(1), 119-134.
Chicago/Turabian: Safaie, N., Sadighi, A & Ghazani, M. 2024. "Analyzing the interrelations among investors’ behavioral biases using an integrated DANP method." Decision Science Letters 13, no. 1 (2024): 119-134.
AMA: Safaie, N., Sadighi, A & Ghazani, M. Analyzing the interrelations among investors’ behavioral biases using an integrated DANP method. Decision Science Letters. 2024;13(1):119-134.
References
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Ahmed, Z., Rasool, S., Saleem, Q., Khan, M. A., & Kanwal, S. (2022). Mediating role of risk perception between behavioral biases and investor’s investment decisions. Sage Open, 12(2), 21582440221097394.
Alshalabi, L. (2020). The effect of investors behavioral biases on the trading volume in G7 and BRICS stock markets (Master's thesis, Finans Enstitüsü).
Appelt, K. C., Hardisty, D. J., & Weber, E. U. (2011). Asymmetric discounting of gains and losses: A query theory account. Journal of Risk and Uncertainty, 43, 107-126.
Aren, S., Aydemir, S. D., & Şehitoğlu, Y. (2016). Behavioral biases on institutional investors: a literature review. Kybernetes, 45(10), 1668-1684.
Ateş, S., Coşkun, A., Şahin, M. A., & Demircan, M. L. (2016). Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. Business & Economics Research Journal, 7(3).
Awwad, J. (2017). The impact of behavioral biases on the Palestinian investors: portfolio investment decisions and anomalies emergence (Doctoral dissertation).
Bahrami, L., Safaie, N., & Hamidi, H. (2021). Effect of motivation, opportunity and ability on human resources information security management considering the roles of attitudinal, behavioral and organizational factors. International Journal of Engineering, 34(12), 2624-2635.
Barberis, N., & Thaler, R. H. (2002). A Survey of Behavioral Finance. NBER Working Paper, (w9222).
Bashir, T., Azam, N., Butt, A. A., Javed, A., & Tanvir, A. (2013). Are behavioral biases influenced by demographic characteristics & personality traits? Evidence from Pakistan. European Scientific Journal, 9(29).
Bodie, Z., Kane, A., & Marcus, A. (2014). Ebook: Essentials of investments: Global edition. McGraw Hill.
Chiu, W. Y., Tzeng, G. H., & Li, H. L. (2013). A new hybrid MCDM model combining DANP with VIKOR to improve e-store business. Knowledge-based systems, 37, 48-61.
Dalgıç, N., Ekinci, C., & Ersan, O. (2021). Daily and intraday herding within different types of investors in Borsa Istanbul. Emerging Markets Finance and Trade, 57(6), 1793-1810.
Doll, W. J., Xia, W., & Torkzadeh, G. (1994). A confirmatory factor analysis of the end-user computing satisfaction instrument. MIS Quarterly, 18(4), 453-461.
Ellsberg, D. (1961). Risk, ambiguity, and the Savage axioms. The quarterly journal of economics, 75(4), 643-669.
Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The journal of Finance, 25(2), 383-417.
Gazel, S. (2015). The regret aversion as an investor bias. International Journal of Business and Management Studies, 4(02), 419-424.
Hair Jr, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Partial least squares structural equation modeling (PLS-SEM) using R: A workbook (p. 197). Springer Nature.
Kahneman, D., & Tversky, A. (2013). Prospect theory: An analysis of decision under risk. In Handbook of the fundamentals of financial decision making: Part I (pp. 99-127).
Kartini, K., & NAHDA, K. (2021). Behavioral biases on investment decision: A case study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(3), 1231-1240.
Kumar, S., & Goyal, N. (2016). Evidence on rationality and behavioural biases in investment decision making. Qualitative Research in Financial Markets, 8(4), 270-287.
Lu, M. T., Lin, S. W., & Tzeng, G. H. (2013). Improving RFID adoption in Taiwan's healthcare industry based on a DEMATEL technique with a hybrid MCDM model. Decision support systems, 56, 259-269.
Lux, T. (1995). Herd behaviour, bubbles and crashes. The economic journal, 105(431), 881-896.
MacCallum, R. C., Browne, M. W., & Sugawara, H. M. (1996). Power analysis and determination of sample size for covariance structure modeling. Psychological methods, 1(2), 130.
Marsh, H. W., & Hocevar, D. (1985). Application of confirmatory factor analysis to the study of self-concept: First-and higher order factor models and their invariance across groups. Psychological bulletin, 97(3), 562.
Pakdel, A., Izadiniya, N., & Dastgir, M. (2018). Identifying the Effect Factors of Mental Accounting for Portfolio Constructing by Innovative Investors Via Confirmatory Factor Analysis. Accounting and Auditing Research, 10(40), 127-146.
Pompian, M. M. (2012). Behavioral finance and wealth management: how to build investment strategies that account for investor biases (Vol. 667). John Wiley & Sons.
Kishor, N. (2022). Development and validation of behavioral biases scale: a SEM approach. Review of Behavioral Finance, 14(2), 237-259.
Sabir, S. A., Mohammad, H. B., & Shahar, H. B. K. (2019). The role of overconfidence and past investment experience in herding behaviour with a moderating effect of financial literacy: evidence from Pakistan stock exchange. Asian Economic and Financial Review, 9(4), 480.
Safaie, N., Sadighi, A., & Mirzaei, M. The Impact of Behavioral Biases in Financial Markets and the Role of Personal Characteristics: A Case Study of Tehran Stock Exchange.
Setayesh, M. H., Momtazian, A., & Rajabdoory, H. (2017). Investigating the relationship between religious attitude and perceptual errors in stock exchange investors. International Journal of Finance & Managerial Accounting, 2(5), 39-50.
Tehrani, R., & Gharehkoolchian, N. (2012). Factors affecting the disposition effect in Tehran stock market. International Business Research, 5(3), 40.
Tekçe, B., & Yılmaz, N. (2015). Are individual stock investors overconfident? Evidence from an emerging market. Journal of Behavioral and Experimental Finance, 5, 35-45.
Tekçe, B., Yılmaz, N., & Bildik, R. (2016). What factors affect behavioral biases? Evidence from Turkish individual stock investors. Research in International Business and Finance, 37, 515-526.
Thaler, R. H. (1999). Mental accounting matters. Journal of Behavioral decision making, 12(3), 183-206.
Torabi, A., Hamidi, H., & Safaie, N. (2021). Effect of sensory experience on customer word-of-mouth intention, considering the roles of customer emotions, satisfaction, and loyalty. International Journal of Engineering, 34(3), 682-699.
Ahmed, Z., Rasool, S., Saleem, Q., Khan, M. A., & Kanwal, S. (2022). Mediating role of risk perception between behavioral biases and investor’s investment decisions. Sage Open, 12(2), 21582440221097394.
Alshalabi, L. (2020). The effect of investors behavioral biases on the trading volume in G7 and BRICS stock markets (Master's thesis, Finans Enstitüsü).
Appelt, K. C., Hardisty, D. J., & Weber, E. U. (2011). Asymmetric discounting of gains and losses: A query theory account. Journal of Risk and Uncertainty, 43, 107-126.
Aren, S., Aydemir, S. D., & Şehitoğlu, Y. (2016). Behavioral biases on institutional investors: a literature review. Kybernetes, 45(10), 1668-1684.
Ateş, S., Coşkun, A., Şahin, M. A., & Demircan, M. L. (2016). Impact of Financial Literacy on the Behavioral Biases of Individual Stock Investors: Evidence from Borsa Istanbul. Business & Economics Research Journal, 7(3).
Awwad, J. (2017). The impact of behavioral biases on the Palestinian investors: portfolio investment decisions and anomalies emergence (Doctoral dissertation).
Bahrami, L., Safaie, N., & Hamidi, H. (2021). Effect of motivation, opportunity and ability on human resources information security management considering the roles of attitudinal, behavioral and organizational factors. International Journal of Engineering, 34(12), 2624-2635.
Barberis, N., & Thaler, R. H. (2002). A Survey of Behavioral Finance. NBER Working Paper, (w9222).
Bashir, T., Azam, N., Butt, A. A., Javed, A., & Tanvir, A. (2013). Are behavioral biases influenced by demographic characteristics & personality traits? Evidence from Pakistan. European Scientific Journal, 9(29).
Bodie, Z., Kane, A., & Marcus, A. (2014). Ebook: Essentials of investments: Global edition. McGraw Hill.
Chiu, W. Y., Tzeng, G. H., & Li, H. L. (2013). A new hybrid MCDM model combining DANP with VIKOR to improve e-store business. Knowledge-based systems, 37, 48-61.
Dalgıç, N., Ekinci, C., & Ersan, O. (2021). Daily and intraday herding within different types of investors in Borsa Istanbul. Emerging Markets Finance and Trade, 57(6), 1793-1810.
Doll, W. J., Xia, W., & Torkzadeh, G. (1994). A confirmatory factor analysis of the end-user computing satisfaction instrument. MIS Quarterly, 18(4), 453-461.
Ellsberg, D. (1961). Risk, ambiguity, and the Savage axioms. The quarterly journal of economics, 75(4), 643-669.
Fama, E. F. (1970). Efficient capital markets: A review of theory and empirical work. The journal of Finance, 25(2), 383-417.
Gazel, S. (2015). The regret aversion as an investor bias. International Journal of Business and Management Studies, 4(02), 419-424.
Hair Jr, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Partial least squares structural equation modeling (PLS-SEM) using R: A workbook (p. 197). Springer Nature.
Kahneman, D., & Tversky, A. (2013). Prospect theory: An analysis of decision under risk. In Handbook of the fundamentals of financial decision making: Part I (pp. 99-127).
Kartini, K., & NAHDA, K. (2021). Behavioral biases on investment decision: A case study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(3), 1231-1240.
Kumar, S., & Goyal, N. (2016). Evidence on rationality and behavioural biases in investment decision making. Qualitative Research in Financial Markets, 8(4), 270-287.
Lu, M. T., Lin, S. W., & Tzeng, G. H. (2013). Improving RFID adoption in Taiwan's healthcare industry based on a DEMATEL technique with a hybrid MCDM model. Decision support systems, 56, 259-269.
Lux, T. (1995). Herd behaviour, bubbles and crashes. The economic journal, 105(431), 881-896.
MacCallum, R. C., Browne, M. W., & Sugawara, H. M. (1996). Power analysis and determination of sample size for covariance structure modeling. Psychological methods, 1(2), 130.
Marsh, H. W., & Hocevar, D. (1985). Application of confirmatory factor analysis to the study of self-concept: First-and higher order factor models and their invariance across groups. Psychological bulletin, 97(3), 562.
Pakdel, A., Izadiniya, N., & Dastgir, M. (2018). Identifying the Effect Factors of Mental Accounting for Portfolio Constructing by Innovative Investors Via Confirmatory Factor Analysis. Accounting and Auditing Research, 10(40), 127-146.
Pompian, M. M. (2012). Behavioral finance and wealth management: how to build investment strategies that account for investor biases (Vol. 667). John Wiley & Sons.
Kishor, N. (2022). Development and validation of behavioral biases scale: a SEM approach. Review of Behavioral Finance, 14(2), 237-259.
Sabir, S. A., Mohammad, H. B., & Shahar, H. B. K. (2019). The role of overconfidence and past investment experience in herding behaviour with a moderating effect of financial literacy: evidence from Pakistan stock exchange. Asian Economic and Financial Review, 9(4), 480.
Safaie, N., Sadighi, A., & Mirzaei, M. The Impact of Behavioral Biases in Financial Markets and the Role of Personal Characteristics: A Case Study of Tehran Stock Exchange.
Setayesh, M. H., Momtazian, A., & Rajabdoory, H. (2017). Investigating the relationship between religious attitude and perceptual errors in stock exchange investors. International Journal of Finance & Managerial Accounting, 2(5), 39-50.
Tehrani, R., & Gharehkoolchian, N. (2012). Factors affecting the disposition effect in Tehran stock market. International Business Research, 5(3), 40.
Tekçe, B., & Yılmaz, N. (2015). Are individual stock investors overconfident? Evidence from an emerging market. Journal of Behavioral and Experimental Finance, 5, 35-45.
Tekçe, B., Yılmaz, N., & Bildik, R. (2016). What factors affect behavioral biases? Evidence from Turkish individual stock investors. Research in International Business and Finance, 37, 515-526.
Thaler, R. H. (1999). Mental accounting matters. Journal of Behavioral decision making, 12(3), 183-206.
Torabi, A., Hamidi, H., & Safaie, N. (2021). Effect of sensory experience on customer word-of-mouth intention, considering the roles of customer emotions, satisfaction, and loyalty. International Journal of Engineering, 34(3), 682-699.