Abstract
Behavioral finance is concerned with analyzing market anomalies as well as biases that cause these anomalies. There are many biases that are stated to have an effect on the decision processes of individuals in behavioural finance literature. It is noteworthy that the biases emphasized among them are overconfidence, illusion of control and extreme optimism. This study aimed at measuring the scale that consists of statements about these three biases on college students in Turkey and reliability and validity of this scale was tested. There are 19 items in the first version of the scale that aims to measure biases and used in this study. The questionnaire, including the demographic information of the students, was applied to a total of 522 students studying at different universities. As a result of the analyzes, it was determined that the final version of the scale Cronbach's Alpha value is 0.825 and the items in the scale were collected under 4 factors.
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