Profession Influences Investment Psychology
Bhayani Mital1, Malkar Vinod2, Bobade Priyanka.3

1Bhayani Mital, Associate Professor Dept. of MBA, Sanjivani College of Engineering, Kopargaon, Affiliated to Savitribai Phule Pune University, Pune, India.
2Malkar Vinod, Professor, Dept. of MBA, Sanjivani College of Engineering, Kopargaon, Affiliated to Savitribai Phule Pune University, Pune, India.
3Bobade Priyanka, Assistant Professor, MBA Department, D.Y.Patil Global Business School & Research Center, Pune, India.
Manuscript received on 02 June 2019 | Revised Manuscript received on 10 June 2019 | Manuscript published on 30 June 2019 | PP: 1-4 | Volume-8 Issue-8, June 2019 | Retrieval Number: H7329068819/19©BEIESP
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Abstract: Investment psychology is area of study which can be traced back to 17th Century. Understanding investors psychology becomes critical part of analyzing investment market. Securities analysis is broadly classified in two school of thoughts, where one expects markets to efficient and investors to be rational the other though proposed the market to me inefficient and investors to be irrational. This paper attempts to study the irrationality in investment psychology by applying theories of behavioral finance. Also, ample amount of research has been conducted on profession and impact of various facets of life and behavior. Primary aim of this research paper is to study weather Propensity of behavioral finance theories varies with Profession. The author has attempted to study weather profession dictates investment psychology. The study is based on empirical research. Study of 1200 respondents was conducted to test their inclination towards various theories of behavioral finance. This tendency towards specific theory explains their irrationality towards investments or publicizes their psychology towards investment. The result of empirical research concludes that profession can influence the investment psychology. The results may help investment firms to come up with investment strategies based on profession of investor.
Keyword: Behavioral finance, Profession, Investors psychology, Individual Investors.
Scope of the Article: Information Ecology and Knowledge Management.