INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH

Şaban Onur Viga; Turgut Özkan

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INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH

Abstract

In traditional finance theories, human beings are considered rational, while Modern Finance Theories are considered irrational. The "Behavioral Finance Theory" explains that the social environment and behavior affect investors ' making irrational decisions. In this study, the relationship between the "Herd Circle Movement Approach" presented to the literature for the first time and the behaviors affecting investors ' investment decisions from the perspective of the investors was examined. It is aimed to contribute to the development of behavioral finance. Data of the research as constituting the mass of financiers engaged in brokerage houses on the Istanbul Stock Exchange and the New York Stock Exchange reviewed the application. The survey responses as a result of "over-confidence" have been determined to be exhibiting the behavior of a mass. Among the findings of the study, it was determined that investors using the mental accounting power in their investments could be more dominant to them and that there was a positive interaction between the illusion of knowledge and illusion of control and investors who were aware of the herd movement did not show excessive optimism.

Keywords

Behavioral Finance,Investor Phycology,Stock Market

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Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Şaban Onur Viga ^*
0000-0002-1676-7850
Türkiye

Turgut Özkan
0000-0002-5017-0257
Türkiye

Publication Date

December 25, 2019

Submission Date

November 7, 2019

Acceptance Date

December 23, 2019

Published in Issue

Year 2019 Volume: 2 Number: 2

IZ

https://izlik.org/JA36EC75XN

APA

Viga, Ş. O., & Özkan, T. (2019). INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH. Business Economics and Management Research Journal, 2(2), 33-52. https://izlik.org/JA36EC75XN

AMA

1.Viga ŞO, Özkan T. INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH. BEMAREJ. 2019;2(2):33-52. https://izlik.org/JA36EC75XN

Chicago

Viga, Şaban Onur, and Turgut Özkan. 2019. “INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH”. Business Economics and Management Research Journal 2 (2): 33-52. https://izlik.org/JA36EC75XN.

EndNote

Viga ŞO, Özkan T (December 1, 2019) INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH. Business Economics and Management Research Journal 2 2 33–52.

IEEE

[1]Ş. O. Viga and T. Özkan, “INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH”, BEMAREJ, vol. 2, no. 2, pp. 33–52, Dec. 2019, [Online]. Available: https://izlik.org/JA36EC75XN

ISNAD

Viga, Şaban Onur - Özkan, Turgut. “INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH”. Business Economics and Management Research Journal 2/2 (December 1, 2019): 33-52. https://izlik.org/JA36EC75XN.

JAMA

1.Viga ŞO, Özkan T. INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH. BEMAREJ. 2019;2:33–52.

MLA

Viga, Şaban Onur, and Turgut Özkan. “INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH”. Business Economics and Management Research Journal, vol. 2, no. 2, Dec. 2019, pp. 33-52, https://izlik.org/JA36EC75XN.

Vancouver

1.Şaban Onur Viga, Turgut Özkan. INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH. BEMAREJ [Internet]. 2019 Dec. 1;2(2):33-52. Available from: https://izlik.org/JA36EC75XN

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INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH

INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH

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INVESTOR PSYCHOLOGY ANALYSIS BY HERD CYCLE MOVEMENT APPROACH

Abstract

Keywords

References

Details

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Subjects

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Authors

Publication Date

Submission Date

Acceptance Date

Published in Issue

IZ

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