INFORMATION SOURCES OF TRADING DECISION MAKING AS DETERMINING FACTORS FOR COGNITIVE BIASES

Authors

  • Arevik Heboyan Yerevan State University

DOI:

https://doi.org/10.46991/SBMP/2023.6.2.016

Keywords:

Trading, decision-making, biases, heuristics, uncertainty, financial instruments, expectations, information-seeking behavior

Abstract

In the article the issues of trading decision making are being discussed in the lights of cognitive biases in uncertainty. The process of trading stocks requires buy/sell decision making in uncertain conditions under extreme time constraints. In ever-changing market decisions are made momentarily and cognitive biases and heuristics determine the speed and quality of decisions. Information and expectations are the core of cognitive component of the process and can influence biases.  

References

Behavioral finance: psychology, decision-making and markets. Ackert, Deaves, 2010, 392p.

BEHAVIORAL FINANCE: How Psychological Factors Can Influence the Stock Market, Kaufmann, 2021, 140p.

A Brief Overview of Over 160 Cognitive Biases, Durmus, 2022,232 p

Market Mind Games, D. Shull, 2012, 270p.

The psychology of trading, B.N. Steenbarger, 2003, 330 p.

The behavioral Investor, D. Crosby, 2018, 257 p.

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Published

2023-11-27

How to Cite

Heboyan, A. (2023). INFORMATION SOURCES OF TRADING DECISION MAKING AS DETERMINING FACTORS FOR COGNITIVE BIASES. Modern Psychology, 6(2(13), 16–24. https://doi.org/10.46991/SBMP/2023.6.2.016

Issue

Vol. 6 No. 2(13) (2023)

Section

Articles

License

Copyright (c) 2023 Arevik Heboyan

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.