PREVALENCE OF OVERCONFIDENCE, OPTIMISM AND HERD IN INVESTOR’S PSYCHOLOGY: A BIBLIOMETRIC ANALYSIS

Povzetek

Study of factors that affect the investment behaviour used to attract researchers. Such studies are helpful for organisations as well to know more about investor’s psychology. With the development of financial markets, interest in such researches is growing exponentially. The present study focuses on dominance of overconfidence bias, optimism bias and herd behaviour in the investor’s psychology. The above three biases have significance while studying the investment behaviour. The intention to conduct the bibliometric tools is to select the theoretical references to felicitate an agile literature. Secondly, to find out the research gaps in the existing literature and at last to figure out the trend of research in this field, and to find research gaps for future studies. Bibliometric analysis is extensively used by researchers to deliver a latest scholarly knowledge over a topic. It is a demanding method to explore the large scale of scientific data relate to the researches published on a specific topic or keyword. Through keyword search approach research papers are retrieved from the Scopus database. Biblioshiny tool is used to Chronological publication trends, Analysis of countries, regions and affiliations, Journal quality analysis, Citations analysis, Author influence, High frequency words, and Thematic Mapping. VOSviewer is used for bibliographical coupling, and diagrammatic presentation of the results. Total 186 studies selected and retrieved from Scopus database for study. The study has covered the time duration of 30 years i.e. 1992-2024. In total 279 author most of the researches on the topic consist of 2-3 authors, only 17 researches are published with the single author. The year 2022 has been witnessed maximum publications. Moreover, growth related to research publications of biases is witnessing the growth rate of 11.02% yearly. Research papers selected for study are consisting average 63 citations. Most of the researches are conducted in USA; India is at second place in behavioural researches.