A cognitive DSS for investment decision making: challenges & opportunities

Recent findings from behavioral finance indicate that cognitive support is critical to investors as their psychological biases strongly influence their investment decisions. This paper proposes a conceptual model of investor misjudgment based on the three-stage human information­ processing model. The importance of such a model is that it classifies investment-related biases as being long-term or short-tern and consequently, provides a way to …