Do religious and conscious investors make better economic decisions? Evidence from India

Rupali Misra, Sumita Srivastava and D.K. Banwet

Journal of Behavioral and Experimental Finance, 2019, vol. 22, issue C, 64-74

Abstract: Investment decision-making in India is different from the world and is affected by social settings. Religion lies at the core of the prevailing socio-cultural environment strengthening social-norms and belief-system, while consciousness is considered core ingredient of life which improves awareness beyond the physical plane, not attributable to cortical processes. Although socio-cultural influence on economic behaviour is quite discernible in countries following eastern-religious traditions, yet studies examining its impact on decision efficacy are scant. Present research addresses this and explores causal role of religiosity and consciousness in shaping investor’s intuitive and analytical abilities.

Keywords: Religiosity; Consciousness; Intuition; Rationality; Ambidextrous decision-making; Information processing models; Investor efficacy; Investment decision-making (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:22:y:2019:i:c:p:64-74

DOI: 10.1016/j.jbef.2019.02.003

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