Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Jurnal Indonesia Sosial Teknologi
Mery Oktori Uly Binu
Universitas Katolik Widya Mandala Surabaya, Indonesia
Computer Science & IT Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

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

Found 1 Documents
Search

 1 
The Influence of Heuristic and Herding Behavior on Investment Decisions through Fomo on Retail Investors in Indonesia Mery Oktori Uly Binu
Jurnal Indonesia Sosial Teknologi Vol. 5 No. 9 (2024): Jurnal Indonesia Sosial Teknologi
Publisher : Publikasi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59141/jist.v5i9.3313

Abstract

Retail investors in Indonesia are often influenced by psychological biases in making investment decisions. These biases, including heuristic and herding behaviors, often create a fear of missing out on key moments (FoMO) that impact investment decisions. This study aims to analyze the influence of heuristic behavior (representativeness bias, availability bias, anchoring bias) and herding behavior on investment decisions with FoMO mediation. The research used a survey method with 109 retail investor respondents and data analysis using smartPLS. The results show that herding behavior significantly affects FoMO, and FoMO also has a significant impact on investment decisions. In contrast, heuristic behavior has no significant influence on FoMO. These findings reinforce FoMO's role in the investment decision-making process among retail investors. Based on the results of data analysis from the hypothesis test, it can be concluded that heuristic behavior (representativeness bias, availability bias, and anchoring bias) does not affect the FoMO of retail investors in Indonesia. So any change in heuristic behavior (representativeness bias, availability bias, and anchoring bias) does not affect the FoMO of retail investors in Indonesia.
Co-Authors