Analysis of Investment Decision Making Through Overconfidence, Herding Effect, and Self-Monitoring Variable During the Covid-19 Pandemic in Indonesia

Abstract

This study aimed to determine the influence of overconfidence, herding effect, and self-monitoring on investment decision making during the Covid-19 pandemic. The research sample consist of 255 individuals who have already earned the income and experienced the Covid-19 pandemic located in Indonesia. The sampling technique in this study is the non-probability sampling, specifically the purposive sampling technique, used to distribute the questionnaires through online system. The results of this study indicate that there is a significant effect of overconfidence, herding effect, and self-monitoring on investment decisions during the Covid-19 pandemic in Indonesia.