Behavioural Biases and Asymmetric Investment Decisions of Indian Retail Investors Across Market Volatility: A Structural Equation Modelling Approach
Indian retail investors increasingly deviate from rational decision-making during periods of stock-market volatility, yet the mechanisms underlying this deviation remain incompletely modelled in the Indian context. Drawing on Prospect Theory, this study examines how five behavioural biases, Prudent and Precautionary Be...