Bibliometric Analysis on Influence of Behaviour Biases and Investment Decision Making

Abstract

The purpose of this study was to perform a bibliometric analysis on the
association between the different parameters of 'behavioral biases' and
'investment decision making'. The data was collected from the Scopus database
and VoSviewer as the software. The study was conducted with the help of 3424
articles which were published during the time period 2006 and 2022. The
findings of the study showed that the number of researches about different
biases like overconfidence, anchoring, confirmation etc. along with variables like
decision making , financial behavior have been increasing with the passage of
time . The results of the study highlighted the most significant and leading
journals in the area of behavioral finance, prominent authors, and commonly
used keywords that have shaped behavioral finance research. The analysis of
the study will be helpful and useful for the keen researchers who are inclined
towards psychological biases and decision making as the findings and
conclusions of the study will provide a historical perspective, along with
identification of the reason for the sudden increase in the research output, and
will share information about connexions between the articles, and recognising
the evolving areas within the comprehensive theme of behavior finance.