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An Exploratory Approach Toward Identifying Behavioral Biases on Individual Investors

Table 3:

Item Code Statement
T11 “I let my investment advisor make my investment decisions for me.”
T12 “I consult an investment advisor before making an investment decision.”
T13 “Advice given by analysts is not genuine, so I don’t rely on their advice.”
T14 “I get convinced only if an expert tells me that an investment option is worth putting my money into.”
T15 “I believe that my investments will do well if I have investment advisors guiding me.”
T16 “I don’t trust financial advisors.”
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