stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … display a significantly lower foreign investment bias towards investment opportunities in that country and (ii) that this drop …

decision and its eroding biases were still elusive. The vital role of emotion as a bias in decision making was also … decision-making process of nascent investors in the emerging market. This finding implied they possessed a unique bias …