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Debiasing the Investment Decision-making Through Positive Psychology

Cilt: 12 Sayı: 2 1 Temmuz 2025
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Debiasing the Investment Decision-making Through Positive Psychology

Öz

Numerous research papers have addressed the “human pathology” that negatively affects investment decisions. However, little emphasis has been dedicated to personality traits that positively influence investment choice criteria and outcomes. Using Harman's Single factor analysis, we examine the effect of psychological traits in an investment undertaking in an empirical task of 441 participants employed in different organizations in Istanbul, Türkiye between February 2021 and June 2021. Drawing on positive psychology, we introduce psychological capital and mindfulness as positive personality traits and assert that these attributes improve both decision-making processes and investment decision outcomes. This study has practical implication and will assist the investors in their decision-making.

Anahtar Kelimeler

investment decision criteria, positive psychology, mindfulness, factor analysis

Destekleyen Kurum

Yok

Proje Numarası

Yok

Teşekkür

Yok

Kaynakça

  1. Ahmad, M. (2018). Impact of neurotransmitters, emotional intelligence and personality on investor's behavior and investment decisions, Pakistan Journal of Commerce and Social Sciences , 12( 1), .330-362.
  2. Aren, S., & Aydemir S. D. (2015). The factors influencing given investment choices of individuals. Procedia-Social and Behavioral Sciences, 210, 126–135. https://doi.org/10.1016/j.sbspro.2015.11.351.
  3. Bikhchandani S. &Sharma S. (2001). Herd behavior in financial markets, IMF Staff Papers 47, 1.
  4. Brown, K. W., & Ryan, R. M. (2003). The benefits of being present: mindfulness and its role in psychological well-being. Journal of personality and social psychology, 84(4), 822.
  5. Catak, P. D. (2012). The Turkish version of mindful attention awareness scale: preliminary findings. Mindfulness 3, 1–9. doi: 10.1007/ s12671-011-0072-3
  6. Chhapra, I.U., Kashif, M., Rehan, R. & Bai, A. (2018). An empirical investigation of investors behavioral biases on financial decision making. Asian Journal of Empirical Research, 8(3), pp.99-109. DOI: 10.18488/journal.1007/2018.7.3/1007.3.99.109
  7. Çetin, F., Basım H.N. (2012). Örgütsel psikolojik sermaye: Bir ölçek uyarlama çalışması, Amme İdaresi Dergisi, 45(1), 121-137.
  8. Divanoğlu S. U. & Bağci H.(2018). Determining the factors affecting individual investors’ behaviours. International Journal of Organizational Leadership 7(2018) 284-299. Available at SSRN: https://ssrn.com/abstract=3337585
  9. Devenow, A. I.W. (1996). Rational herding in financial economics, European Economic Review 40, 603-615. Dow, J. (2004). Is liquidity self-fulfilling?, The Journal of Business 77, 895-908.
  10. Hayes, A. F. (2017). The PROCESS Macro for SPSS and SAS. http://processmacro.org/index.html. Accessed 2 May 2017.

Kaynak Göster

APA
Azimova, T., & Aydın Küçük, B. (2025). Debiasing the Investment Decision-making Through Positive Psychology. Optimum Ekonomi ve Yönetim Bilimleri Dergisi, 12(2), 269-289. https://doi.org/10.17541/optimum.1551596
AMA
1.Azimova T, Aydın Küçük B. Debiasing the Investment Decision-making Through Positive Psychology. OEYBD. 2025;12(2):269-289. doi:10.17541/optimum.1551596
Chicago
Azimova, Tarana, ve Burcu Aydın Küçük. 2025. “Debiasing the Investment Decision-making Through Positive Psychology”. Optimum Ekonomi ve Yönetim Bilimleri Dergisi 12 (2): 269-89. https://doi.org/10.17541/optimum.1551596.
EndNote
Azimova T, Aydın Küçük B (01 Temmuz 2025) Debiasing the Investment Decision-making Through Positive Psychology. Optimum Ekonomi ve Yönetim Bilimleri Dergisi 12 2 269–289.
IEEE
[1]T. Azimova ve B. Aydın Küçük, “Debiasing the Investment Decision-making Through Positive Psychology”, OEYBD, c. 12, sy 2, ss. 269–289, Tem. 2025, doi: 10.17541/optimum.1551596.
ISNAD
Azimova, Tarana - Aydın Küçük, Burcu. “Debiasing the Investment Decision-making Through Positive Psychology”. Optimum Ekonomi ve Yönetim Bilimleri Dergisi 12/2 (01 Temmuz 2025): 269-289. https://doi.org/10.17541/optimum.1551596.
JAMA
1.Azimova T, Aydın Küçük B. Debiasing the Investment Decision-making Through Positive Psychology. OEYBD. 2025;12:269–289.
MLA
Azimova, Tarana, ve Burcu Aydın Küçük. “Debiasing the Investment Decision-making Through Positive Psychology”. Optimum Ekonomi ve Yönetim Bilimleri Dergisi, c. 12, sy 2, Temmuz 2025, ss. 269-8, doi:10.17541/optimum.1551596.
Vancouver
1.Tarana Azimova, Burcu Aydın Küçük. Debiasing the Investment Decision-making Through Positive Psychology. OEYBD. 01 Temmuz 2025;12(2):269-8. doi:10.17541/optimum.1551596