Is there any Impact of Overconfidence Bias on Investment Decision making? An Investigation among the Women Investors of India

Previous research on human decision-making has revealed a reliance on environmental cues, intuition, routines, and cognitive biases, leading to potentially suboptimal choices by investors. This study's primary objective is to investigate emotional biases in women's investment decision-making, particularly focusing on overconfidence bias. The aim is to elucidate the impact of overconfidence on the performance and decisions of individual investors participating in the Indian stock market. Central to this study is understanding investing behaviour, given its substantial influence on decision-making. The study's findings indicate a correlation between overconfidence bias, risk tolerance, and investment choices.