Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
552410 | Decision Support Systems | 2008 | 12 Pages |
Abstract
This research presents evidence that decision support systems can play an important role in debiasing behaviorally-challenged investors. An empirical study involving 119 participants provides strong evidence for the existence of cognitive biases in investment decision making and demonstrates the effectiveness of decision aids in lowering the negative impact of such biases on the ability of investors to make sound investment decisions. Additionally, such decision aids are shown to be more valuable in decision environments where the bias level is likely to be higher.
Related Topics
Physical Sciences and Engineering
Computer Science
Information Systems
Authors
Gokul Bhandari, Khaled Hassanein, Richard Deaves,