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Arvyno Pranata Limahardja

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Conference Aug 2026

A Cognitive Digital Twin for Detecting and Explaining Behavioral Biases in Retail Investing: System Design and Evaluation

New retail investors are exposed to behavioral biases that prior studies associate with lower net returns. This paper presents a Cognitive Digital Twin (CDT) that detects three of them, the disposition effect, overconfidence, and loss aversion, while a person trades in a simulated market, then explains them back to the...

Arvyno Pranata Limahardja, Suhono Harso Supangkat · 0 citations

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