دراسات اقتصادية
Volume 17, Numéro 3, Pages 68-86
2023-12-14
Behavioral Finance: Islamic Decision Making In Portfolio Investment
Authors : Sendi Dhahri Imtithel .
Abstract
The classical paradigm of finance is based on two basic hypotheses: the rationality of the decision and the efficiency of prices. However, Observations made on the markets and in the laboratory have challenged this theoretical framework, thus opening the way to new explanations. Since the 1990s, Behavioural finance was thus established, by formulating new realistic hypotheses to understand investment decisions are really made. In addition, behavioral finance did not take into account the emerging new behavior of Muslim investors. These investors do not follow the classical behavior (Maximize profits) in decision-making. They follow the principles of Sharia. In this paper, we develop how Muslim investors behave and how they make their investment decisions.
Keywords
Finance ; behavioral Finance ; Islamic Finance ; Portfolio choice ; Investment decision
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