Invest like a woman: an analysis of investment performance in South Africa based on gender

The rise in popularity of behavioural finance has illustrated how investors do not always act and invest rationally, and as such do not always maximise their utility. Researchers in the field of behavioural finance have found that certain behavioural biases that exist in humans can explain these deviations from rationality by investors, and that certain biases manifest differently between male and female investors. Men have been found to be more overconfident in their skill in investing than women, and to rate their chances of investing successfully as greater than women rate their chances of investing successfully. Further, men have been found to display higher risk tolerances than women, stronger self attribution and self-efficacy biases, as well as a propensity to overtrade when compared to women.

Grantor dc:publisher.institution

Department of Finance and Tax

Year dc:date.issued

2014

Author dc:creator

• Marszalek, Bartosz

Advisors dc:contributor.advisor

• West, Darron
• Willows, Gizelle

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/8572

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/8572