Fear of Missing Out (FOMO) & Investment: A Systematic Literature Review
Rulit Candra, Aisah, Nugraha

Universitas Pendidikan Indonesia

Abstract

The purpose of this systematic review article is to analyze prior studies of fear of missing out (FoMO) and investment. The data collected comes from three databases i.e., Scopus, Ebsco Host, and Taylor & Francis, using PRISMA guidelines. The primary inclusion criteria for this systematic review were English language articles, open-access and full-text papers, and scientific journals only. This literature review explores the relationship between the fear of missing out (FoMO) and investment behavior. The findings highlight the significant influence of FoMO on investment decisions, emphasizing the importance of understanding psychological factors, emotional biases, and contextual influences in shaping investor behavior and improving investment outcomes. To gain a better understanding of the complex relationships between FoMO and investment, future research can include empirical studies, investigate other behavioral biases, explore the impact of demographic factors, conduct cross-cultural studies, and use virtual reality or real-world scenarios. These research directions aim to enhance decision-making in investments.

Keywords: Fear of missing out, FOMO, Investment, Finance, Financial Behavior

Topic: Financial Management and Accounting