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Viral decisions: unmasking the impact of COVID-19 info and behavioral quirks on investment choices

Author

Listed:
  • Wasim ul Rehman

    (University of the Punjab, Gujranwala Campus)

  • Omur Saltik

    (Marbas Securities Co.)

  • Faryal Jalil

    (University of the Punjab)

  • Suleyman Degirmen

    (Mersin University)

Abstract

This study aims to investigate the impact of behavioral biases on investment decisions and the moderating role of COVID-19 pandemic information sharing. Furthermore, it highlights the significance of considering cognitive biases and sociodemographic factors in analyzing investor behavior and in designing agent-based models for market simulation. The findings reveal that these behavioral factors significantly positively affect investment decisions, aligning with prior research. The agent-based model’s outcomes indicate that younger, less experienced agents are more prone to herding behavior and perform worse in the simulation compared to their older, higher-income counterparts. In conclusion, the results offer valuable insights into the influence of behavioral biases and the moderating role of COVID-19 pandemic information sharing on investment decisions. Investors can leverage these insights to devise effective strategies that foster rational decision-making during crises, such as the COVID-19 pandemic.

Suggested Citation

  • Wasim ul Rehman & Omur Saltik & Faryal Jalil & Suleyman Degirmen, 2024. "Viral decisions: unmasking the impact of COVID-19 info and behavioral quirks on investment choices," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-20, December.
    • Handle: RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-03011-7
    DOI: 10.1057/s41599-024-03011-7
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