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dc.contributor.advisor Bassiouny, Aliaa El Kashef, Noran Naiem 2017-05-11T12:08:30Z 2019-05-11T22:00:16Z Spring 2017 en_US 2017-05-11
dc.description.abstract This thesis examines the effect of risk attitude, confidence and optimism behavioral biases on investment decisions and portfolio returns. The thesis methodology utilizes an experimental approach, whereby students compete through a semester long stock market simulation using the Stock-Trak simulation platform. Behavioral biases are examined through a behavioral biases diagnostic assessment completed by students during the trading period. Findings of this study show that both confidence and optimism biases have statistically significant impact on investors’ decisions and consequently affect investors’ portfolio returns. Findings also show that high confidence levels have positive impact on portfolio returns, on the other side, portfolio optimism bias, has a negative impact on portfolio returns. Data also suggests that males who are found to be more optimistic tend to lose more than less optimistic males in the sample. Another finding in this study shows that gender is the only highly statistically significant variable that predicts and explains investors risk attitude. Keywords: Behavior Finance, Traditional finance, Stock-Trak, Simulation, Behavioral biases, Gender, Confidence, Optimism, Number of trades, Diagnostic Assessment en_US
dc.format.extent 48 p. en_US
dc.format.medium theses en_US
dc.language.iso en en_US
dc.rights Author retains all rights with regard to copyright. en
dc.subject Behavioral Finance en_US
dc.subject Experimental Approach en_US
dc.subject Behavioral Biases en_US
dc.subject Gender Differences en_US
dc.subject Portfolio Returns en_US
dc.subject.lcsh Thesis (M.A.)--American University in Cairo en_US
dc.title The effect of behavioral biases and gender differences on portfolio returns & investment decisions: An experimental approach en_US
dc.type Text en_US
dc.subject.discipline Finance en_US
dc.rights.access This item is restricted for 2 years from the date issued en_US
dc.contributor.department American University in Cairo. Dept. of Management en_US
dc.description.irb American University in Cairo Institutional Review Board approval has been obtained for this item. en_US
dc.contributor.committeeMember Ahmed, Neveen
dc.contributor.committeeMember Abdel Razek, Yasmine

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  • Theses and Dissertations [1707]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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