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Volume 4 Issue 2 Paper 1

A Review of Behavioral Finance

Fatimah Awadh S Almutairi
Qassim University, Saudi Arabia


The aim of this paper is to review the available research studies on the subject of behavioral finance. For this paper, specific search terms were used in the Google Scholar search engine and the results were shortlisted according to the year of publication. From the review of available studies, it was highlighted that while making financial decisions, people are under the influence of attributes such as personality, experience, judgment, and special social relations and these can cause behavioral biases. Authors have talked about existing academic research in the investment management field that investor’s individual beliefs, opinions and values could impact those of a group, be influenced by social factors and eventually, change outcomes in the markets.

Keywords: Behavioral Finance, Decisions, Social Factors, Herding, Review

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