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An Exploratory Approach Toward Identifying Behavioral Biases on Individual Investors

Table 6:

Item Code Statement
T26 “Will try minimize the loss.”
T27 “I will not sell my portfolio at a loss.”
T28 “I look at the risk of losing money, before deciding where to invest.”
T29 “I prefer that my investments grow slowly rather than taking a chance of losing my money in an attempt to seek higher returns.”
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