How overconfidence and mental accounting influence investments? The moderating role of financial literacy by Johny Budiman, Jason Yodiputra, Candy Candy, Isnaini Nuzula Agustin

“…A self-administered questionnaires were distributed to 391 active trading stock investor in Indonesia. Using Partial Least Squares method, the results shows that loss aversion and overconfidence negatively influence the investment decision. …”
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The effect of financial literacy, financial self-efficacy, financial technology literacy, and risk perception on stock investment decisions: Millennials preferences by Cahyo Sunarko, Sutrisno Sutrisno

“…The population of this study was millennial stock investors in the D.I. Yogyakarta province. The sample is used with criteria that age in between investing 28–43 years old; namely 115 people. …”
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