Behavioural Biases and Investment Decisions through Gender and Education Perspectives in Indonesia Interbank Call Money Market

DOI

10.2991/978-94-6463-443-3_5How to use a DOI?

Keywords

investment decision; behavioural bias; interbank call money market

Abstract

The interbank call money market plays an essential role in the financial system, whereby financial institutions and banks borrow and lend funds on a short-term basis from each other. In Indonesia’s interbank money market, it is necessary to dig deeper into investor profiles and their relationship to investment decisions. This research investigates whether 11 behavioural biases (Availability, Hindsight, Representativeness, Overreaction, Conservatism, Anchoring Adjustment, Confirmation Bias, Excessive optimism and overconfidence, Mental Accounting, Framing Effect, and Disposition Effect) and in-vestment decisions have significant differences or not through gender and education perspectives. Thirty-two (32) respondents were sampled online through a questionnaire from Indonesian banking companies. Data were examined and analysed by nonparametric Mann-Whitney statistical analysis technique using SPSS as the statistical tool. The data revealed significant differences between men and women with excessive bias. Also, there is a significant difference be-tween Diploma bachelor’s and master’s degrees in the excessive and disposition bias. While at investment decisions, there are no significant differences through gender and education perspectives.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Saur Costanius Simamora
AU  - Nugraha Nugraha
AU  - Imas Purnamasari
PY  - 2024
DA  - 2024/06/26
TI  - Behavioural Biases and Investment Decisions through Gender and Education Perspectives in Indonesia Interbank Call Money Market
BT  - Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
PB  - Atlantis Press
SP  - 30
EP  - 36
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-443-3_5
DO  - 10.2991/978-94-6463-443-3_5
ID  - Simamora2024
ER  -