Behavioral Biases and Their Influence on Investment Decisions: An Empirical Study among Algerian Investors

Résumé

This article aims to analyze the impact of behavioral biases on investors' financial decisions in the Algerian context. For this purpose, an exploratory methodology combined with a quantitative approach was used. The study is based on a questionnaire survey administered to a sample of 39 investors. The questionnaire covers seven behavioral biases.

The results show that Algerian investors are indeed subject to several cognitive biases, which influence their investment choices. However, the small sample size limits the generalizability of the findings.