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http://hdl.handle.net/11375/5329| Title: | A cognitive DSS for investment decision making: challenges & opportunities |
| Authors: | Bhandari, Gokul Hassanein, Khaled McMaster eBusiness Research Centre (MeRC) |
| Keywords: | Investments;Decision support systems;Investment decision making;Cognitive DSS;Psychological biases;Behavioral finance |
| Publication Date: | Nov-2004 |
| Series/Report no.: | MeRC working paper no. 13 |
| Abstract: | <p>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 implement debiasing mechanisms in DSS. The paper then suggests an architecture for building such a cognitive investment DSS using recent computational technologies for human attitudes modeling. This research work fills a gap in the current IS literature related to behavioral finance and offers a novel approach for integrating findings from that domain into a cognitive investment DSS.</p> |
| Description: | <p>29 leaves : ; ; "November 2004."</p> |
| URI: | http://hdl.handle.net/11375/5329 |
| Identifier: | merc/25 1024 4943360 |
| Appears in Collections: | MeRC (McMaster eBusiness Research Centre) Working Paper Series |
Files in This Item:
| File | Size | Format | |
|---|---|---|---|
| fulltext.pdf | 841.07 kB | Adobe PDF | View/Open |
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