The Overconfidence Conundrum: Risk Perception and Bankers Investment Decision

Purpose: This study explores risk perception as a mediator between overconfidence bias and investment decisions among banking professionals in India's stock market.Methodology: A quantitative study involving 235 banking professionals examines the interplay between overconfidence, risk perception, and investment decisions.Findings: Results reveal that overconfidence significantly affects investment decisions, with risk perception as a significant mediator.Implications: Enhancing understanding of biases and implementing better risk assessment practices can improve risk perception and investment decisions among bankers.Originality: This research fills a literature gap by examining overconfidence bias and risk perception among bankers in India's evolving stock market.