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.