Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal JURNAL MANAJEMEN MOTIVASI
Nanda Maryana, Vica Maizhatin
Unknown Affiliation
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Analysis of the Influence of Psychological Bias on Crash-Prone Behaviour in the Cryptocurrency Market with Risk Perception as a Moderator Bunyamin; Mauludin, Hanif; Nanda Maryana, Vica Maizhatin
JURNAL MANAJEMEN MOTIVASI Vol 22 No 1 (2026): Jurnal Manajemen Motivasi
Publisher : Universitas Muhammadiyah Pontianak

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29406/jmm.v22i1.8529

Abstract

This study examines psychological determinants of crash-prone behaviour by integrating Prospect Theory and Cumulative Prospect Theory. Using PLS-SEM on survey data, it investigates the effects of herding, loss aversion, reflection effect, and risk perception, with risk perception as a moderator. Results show all factors significantly increase crash-prone behaviour, with risk perception as the strongest predictor. Risk perception amplifies loss aversion but does not moderate herding. Notably, it negatively moderates the reflection effect, challenging classical Prospect Theory. These findings offer theoretical advancement and practical implications for designing behavioural interventions and policies to enhance stability in financial markets.
Co-Authors Bunyamin Hanif Mauludin