Examining the Effectiveness of Investment Techniques Training on Controlling Behavioral Biases and Impulsivity Among Young Investors in the Tehran Stock Exchange

Subject Areas : Financial and Behavioral Researches in Accounting

Elaheh Pourmoammad bagher ¹ , احمد غضنفری ^{2 *} , Mohammad Nikkhah ³

1 -
2 - عضو هیات علمی دانشگاه امام حسین ( ع )
3 - Department of Educational Science, Farhangian University, Tehran, Iran

Received: 2025-03-03 Accepted : 2025-04-13 Published : 2025-03-10

Keywords: Investment techniques training, Behavioral bias, Impulsivity,

Abstract :

The aim of this study is to examine the effectiveness of investment techniques training in controlling behavioral biases and impulsivity among young investors in the Tehran Stock Exchange. The research method is quasi-experimental with a pre-test and post-test design, including a control group. The statistical population consists of all young investors actively trading in the Tehran Stock Exchange during the summer of 2022. Given the nature of the research and imposed limitations, purposive sampling was used. Interested participants were identified, and 40 individuals were randomly selected and assigned to either the experimental or control group, with 20 participants in each. The experimental group received training in investment techniques, while the control group entered the market without undergoing any training. Behavioral bias was measured using a researcher-developed questionnaire based on Pompian's model, covering cognitive and emotional dimensions, while impulsivity was assessed using the Barratt Impulsiveness Scale (BIS) by Barratt et al. (2004). The collected data were analyzed using SPSS software. The findings of this study indicate that targeted investment techniques training can have a positive effect on reducing emotional and impulsive decision-making, ultimately leading to improved investment performance.

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