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October 5, 2025OPSearch American Journal of Open ResearchOpen Access

Financial Literacy and Overconfidence in Investment Decision Making

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Authors

NNNasir NasirAGAndi GunawanSSSyamsinar Syamsinar

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Overview

Quantitative descriptive research highlights the effect of overconfidence on investment decisions among students.

Key Points

  • Overconfidence significantly influences investment decisions, demonstrating its role in financial behavior.
  • Despite expectations, financial literacy does not impact investment decisions, suggesting a gap in application.
  • This study surveyed students from universities with stock exchange galleries, focusing on young investors' confidence.
  • Data were analyzed using SEM-PLS, underlining the importance of method in understanding investment patterns.

Cite This Study

Nasir et al. (2025) studied this question.

synapsesocial.com/papers/68e24e6fd6d66a53c2473d64https://doi.org/10.58811/opsearch.v4i10.220
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

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  4. 4Individual Investment: How Financial Literacy and Self-Monitoring Drive Investment Decisions2024 · 4 citations
  5. 5THE INFLUENCE OF FINANCIAL BEHAVIOR, OVERCONFIDENCE, AND RISK PERCEPTION ON INVESTMENT DECISIONS: THE ROLE OF FINANCIAL LITERACY MEDIATION (AN EMPIRICAL STUDY OF MILLENNIAL INVIDUAL INVESTORS IN JAKARTA)2024