Behavioral biases affecting investors' financial decisions : a study of a sample of individual investors in Relizane (Algeria)‎

الملخص EN

This paper aims to analyze the impact of behavioral biases (emotional and cognitive) on the financial decisions of investors and owners of institutions or their representatives in the decision-making (financial managers or managers), by developing a questionnaire according to the scale of the Likart five and distributed to the study sample.

Using regression models, we found a statistically significant relationship between emotional biases and financial decisions at a level of 0.

01, We also found no statistically significant relationship between cognitive biases and financial decisions of investors.