The effect of Cognitive Bias Toward Investment Decision of Young Investor in Indonesia
Tiar Lina Situngkir (1) , Nugraha (2) , Moch Ikshan Salis (3) , Addiena Hanifah (4) , Lintang Duta Bramantya (5)

(1) Universitas Singaperbangsa Karawang, Jawa Barat,Indonesia
(tiarlina.situngkir[at]fe.unsika.ac.id)
(2) Universitas Pendidikan Indonesia,Bandung,Indonesia

Abstract

The aims of the research was to investigate cognitive bias toward investment decision on young investor in Indonesia. Subject of the research is young investor, and the object of research is behavior of cognitive bias of young investor in Indonesia. The method used was quantitative research and analyzing technic is regression using SPSS version 21. The research investigates partial and simulant effect of cognitive bias affecting investment decision on young investor. Cognitive bias consists of overconfidence and disposition bias as independent variable. Investmen decision is as dependent variabl. The results depicted that overconfidence and disposition effect had significant influence on young investor^s investment decision in Indonesia.

Keywords: Cognitive bias, Disposition bias, Investmen Decision Overconfidence, young investor

Topic: Financial Management and Accounting