Proceedings papers / Pages 133-139
Behavioral Bias, Robo-Advisory, and Trading Decisions on Millennial Investors in Surabaya, Indonesia
Volume 22 · 2025 Pages 133-139 e-ISSN 3047-857X English
Abstract
This study explores the effect of overconfidence and herding on trading decisions among millennial investors in Surabaya, and examines the moderating role of Robo-advisory. Findings show behavioral biases significantly affect trading decisions, while Robo-advisory has no moderating effect.
Keywords
- Behavioral bias
- overconfidence
- herding effect
- Robo-advisory
- trading decision
Citation
Bertha Silvia Sutejo, Kususanto Ditto Prihadi. (2025). Behavioral Bias, Robo-Advisory, and Trading Decisions on Millennial Investors in Surabaya, Indonesia. Proceedings of the International Symposium on Management, 22, 133-139.