examine the effect of peer decision-making on cognitive search processes for commodity pricing data in an experimental stock market task. In their paper entitled Peer Effects on Real-Time Search Behavior in Experimental Stock Markets, Jin et al. The citation burst analysis on the data conducted by the authors predicts a future focus on individual differences such as financial literacy, gender, and age as key areas for investigation. ![]() The most frequent topics of investigation across the sampling period include “Financial decisions” and “Investment decisions,” suggesting an international growth in research interest in FDM. The review reveals a year-on-year increase in the publication of academic articles on FDM topics. The study reports bibliographic records collected from the Web of Science (Thomson Reuters) database for a macroscopic overview of recent research in financial decision making. ![]() demonstrate the growing importance of a decision-focused understanding of FDM. In Mapping the knowledge domain of financial decision making: A scientometric and bibliometric study, Guo et al. Conceptualizing these interactions in their relevant contexts may give rise to a better understanding of FDM behavior and lead to concrete suggestions for interventions. situation variables by interrogating the complexities of the interplay between these factors. Despite this diversity, a commonality of these studies lies in going beyond simple person vs. The articles represent a variety of subject areas such as psychology, economics, business and applied behavioral science, and use a variety of methodological techniques including a hypothetical stock market experiment, a quasi-experimental field study, and a survey analysis of national data. The Research Topic incorporates six articles: Four are empirical investigations and two review articles of the field of FDM. ![]() This Research Topic converges on behaviorally-focused advances in FDM with an emphasis on the interplay between individual and contextual factors that drive financial decision-making processes. The United Nations The Millennium Project (2022) considers FDM as a key issue facing humanity because of the potentially devastating individual and societal costs of being ill-equipped to make good financial decisions such as those involved when using services for credit and insurance, starting and expanding businesses, investing in education and health, managing risk, avoiding falling victim to fraud, and weathering financial shocks. The ability to make financially sound decisions has been identified by prominent agencies such as The World Bank (2023) as the key enabler in reducing global poverty, boosting shared prosperity and “upskilling” people in decisional techniques that can help them to lead happier and healthier lives. There is a growing awareness of the importance of successful financial decision making (FDM) to individuals, organizations, and society.
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