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An Exploratory Approach Toward Identifying Behavioral Biases on Individual Investors

Table 5:

Item Code Statement
T22 “Burnt hands in share market have not gone again.
T23 “I reflect on past financial decisions when making current decisions.”
T24 “If I bought something and it went down, I would feel very bad.”
T25 “I feel bad that I didn’t invest in that option, as it increased drastically some months later.”
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