Relation Between Gender and Investors' Behavioral Biases in Assam: An Empirical Investigation.

This study seeks to identify the relation between gender and investors' behavioral biases. The tested dependent variables are overconfidence bias, loss aversion bias, regret aversion bias, herding bias, confirmation and hindsight bias, anchoring bias, cognitive dissonance bias, gambler's fallacy bias, and mental accounting bias, while the independent variable is gender. A survey was conducted in Guwahati, Assam, among individual retail stock market investors. Multivariate analysis of variance is used to find out the relation between gender and investors' behavioral biases. The findings reveal that there is a significant difference between males and females with regard to gambler's fallacy bias, and there is no relation between gender and biases like anchoring, cognitive dissonance, confirmation and hindsight, herding, mental accounting, loss aversion, regret aversion and overconfidence. The study reveals a gender gap in the propensity for retail investors in Guwahati to fall victim to gambler's fallacy bias. Considerations such as cultural diversity, financial means, and economic issues might expand the scope of this study. [ABSTRACT FROM AUTHOR]