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Behavior profiles and investments
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Resumo(s)
This dissertation studies the connection between behavior and investment decision. Investors
are usually guided based only on risk-tolerance level and their behavioral bias is not considered
for portfolio construction. We study ANBIMA’s (Associação Brasileira das Entidades dos
Mercados Financeiro e de Capitais) investors profile and its relationship with financial
decision-making and long-term portfolio allocation. Some authors suggest incorporating
behavioral questions in the risk-profile questionnaire made by financial institutions. We find
that demographic information does not explain behaviors in Brazilian individuals. Furthermore,
investors profile is useful to understand some characteristics and behaviors that should be
considered in long-term investments portfolio.
Descrição
Palavras-chave
Behavioral finance Investor’s profile Behavioral biases Investments