Financial Literacy and Overconfidence in Investment Decision Making

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Quantitative descriptive research highlights the effect of overconfidence on investment decisions among students.

Overconfidence significantly influences investment decisions, demonstrating its role in financial behavior.
Despite expectations, financial literacy does not impact investment decisions, suggesting a gap in application.
This study surveyed students from universities with stock exchange galleries, focusing on young investors' confidence.
Data were analyzed using SEM-PLS, underlining the importance of method in understanding investment patterns.

Nasir et al. (2025) studied this question.

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