تبیین الگوی عوامل روان‌شناختی تصمیم‌گیری سرمایه‌گذاران در بورس اوراق بهادار تهران: رویکرد کیفی

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Bibi, K., Rahman, S., & Qayum, A. S. (2023). Decoding investor decision-making: Unraveling psychological factors and educational moderation in financial markets. Journal of Business and Tourism, 9(1), 1-18. https://doi.org/10.31703/ger.2023(VIII-III).01

Dadgar, Y., Dargahi, H., & Gholizadeh, S. (2023). The role of investor sentiment and government behavior in fluctuations of the Tehran Stock Exchange: A behavioral economics approach. Applied Theories of Economics, 10(1), 191-214.

E, K., Nagrajan, S., Thirunavukkarasu, T., Jothibasu, L., K, M., & Sharmiladevi, D. (2025). The role of behavioral finance in investment decision-making using machine learning: Understanding the psychology behind stock market trends. 2025 International Conference on Automation and Computation (AUTOCOM),

Ger, A., Maheta, D., Mehta, D., & Patel, B. (2025). Investors personality traits and mutual fund investment decisions: A regression analysis of risk tolerance and investment choices. Journal of Information Systems Engineering & Management, 10(1), 1-10. https://doi.org/10.52783/jisem.v10i10s.1336

Goud, K. A., Satya Kumar, K. V. R., & Chakradhar, P. (2024). A study on behavioural finance and its impact on decision making of an investment. EPRA International Journal of Economics, Business and Management Studies, 11(2), 45-52.

Gurung, R., Dahal, R. K., Ghimire, B., & Koirala, N. (2024). Unraveling behavioral biases in decision making: A study of Nepalese investors. Investment Management & Financial Innovations, 21(1), 123-135. https://doi.org/10.21511/imfi.21(1).2024.03

Haidari, M. N. (2023). Impact of decision-making on investment performance: A comprehensive analysis. Journal of Asian Development Studies, 12(3), 456-468.

Harshitha, K., Chandana, K. S., Sreekanth, D., & Yogeeswar Sai, A. G. (2026). Machine learning models for analyzing investor decision-making in equity markets: An empirical study. International Journal of Science, Strategic Management and Technology, 1(1), 1-12. https://doi.org/10.55041/ijsmt.v2i4.249

Herathmenike, H. M. M. A., Dewasiri, N. J., & Munasinghe, A. (2025). Unpacking investor psychology: A systematic review and meta-analysis of behavioural biases shaping investment decisions. F1000research, 14, 1-25. https://doi.org/10.12688/f1000research.168166.1

Jaber, F. H. (2025). Cognitive biases and behavioral patterns shaping investment decision-making. Academia Open, 10(1), 1-15. https://doi.org/10.21070/acopen.10.2025.12142

Kanapickiene, R., Vasiliauskaite, D., Keliuotyte-Staniuleniene, G., Spicas, R., Omeir, A. K., & Kanapickas, T. (2024). A comprehensive review of behavioral biases in financial decision-making: From classical finance to behavioral finance perspectives. Journal of Business and Economic Management, 12(2), 234-256.

Khodri Gharibvand, R., & Sinaei, H. (2023). The effect of economic variables on investor sentiment using the investor sentiment behavior index in the Tehran Stock Exchange. Strategic Budget and Finance Research, 4(1), 11-35.

Li, S. (2024). Psychological traps in decision-making: Anchoring, heuristics, and loss aversion. Highlights in Business, Economics and Management, 25, 145-152. https://doi.org/10.54097/akejv496

Malik, M., Nasir, M., Rayyan, M., & Usman, M. (2025). Behavioral finance and investor decision-making: Psychological biases in stock markets. Review of Applied Management and Social Sciences, 8(1), 1-15. https://doi.org/10.47067/ramss.v8i2.542

Masood, F. (2024). Behavioral finance: Investor psychology in volatile markets. The Social Science, 19(2), 234-245.

Nain, J. (2025). Behavioral finance and its impact on investor decision-making. International Journal of Scientific Research in Engineering and Management, 9(1), 1-8. https://doi.org/10.55041/IJSREM50259

Nandan, P., Gautam, P., & Roy, S. (2024). A review study on financial investment decision of individual investor based on their behavioral biases and other aspects. International Journal for Multidisciplinary Research, 6(2), 1-12. https://doi.org/10.36948/ijfmr.2024.v06i02.16281

Nemati, M., & Rahmani Norouzabad, S. (2023). The role of psychological biases in investors' financial satisfaction: Evidence from investors in the Tehran Stock Exchange. Financial Economics, 17(2), 1-24.

Padmavathy, M. (2024). Behavioral finance and stock market anomalies: Exploring psychological factors influencing investment decisions. Shanlax International Journal of Management, 11(3), 45-56. https://doi.org/10.34293/management.v11iiS1-Jan.7164

Pant, S. (2025). Influence of behavioral aspects on stock investment decision-making. Management Review, 37(1), 1-15. https://doi.org/10.3126/tmr.v1i1.82220

Paradiso, M. (2025). Behavioral finance and investment decision-making: A multifaced analysis of cognitive biases, risk perception, and market dynamics. Economicus, 18(1), 1-20. https://doi.org/10.58944/svrr3218

Rahmah, R., Nugraha, N., Disman, D., & Purnamasari, I. (2023). A closer look of how individual investor make investment decision: Systematic review. ATESTASI: Jurnal Ilmiah Akuntansi, 6(2), 456-470. https://doi.org/10.57178/atestasi.v6i2.728

Rahmanian Koshkaki, A., & Saadat, A. (2023). The effect of investor sentiment on returns, cash flows, discount rates, and performance of companies listed on the Tehran Stock Exchange. Fiscal and Economic Policies, 11(41), 43-79.

Rahmawati, F., & Santi, F. (2023). A literature review on the influence of availability bias and overconfidence bias on investor decisions. East Asian Journal of Multidisciplinary Research, 2(5), 1789-1802. https://doi.org/10.55927/eajmr.v2i12.6896

Rawat, B. (2024). Influence of overconfidence and loss aversion biases on investment decision: The mediating effect of risk tolerance. Far Western Review, 5(1), 1-18. https://doi.org/10.3126/fwr.v2i1.70499

Rehman, M. A., Finance, M. H., Ali, M., & Ahmad, M. (2025). Behavioral finance and market inefficiencies: Analyzing the influence of investor psychology, heuristics, and biases on stock market anomalies and investment decision-making. Advance Journal of Econometrics and Finance, 10(1), 1-20.

Rostami Norouzabad, M., Arian Asl, H., & Abbasi Mouselo, K. (2023). Responsiveness of investors' decisions to fundamental analysts' recommendations: Evidence from stock-exchange investors in Fars Province. Financial Research, 25(2), 228-254.

Sathya, N., & Gayathir, R. (2024). Behavioral biases in investment decisions: An extensive literature review and pathways for future research. Journal of Information and Organizational Sciences, 48(1), 123-145. https://doi.org/10.31341/jios.48.1.6

Shah Tala, H., Darvishi, M., & Mohammad Mousaei, J. (2022). Mental models of retail investors in facing the national capital market using the Zaltman Metaphor Elicitation Technique: A case study of retail investors residing in Khuzestan in the Tehran Stock Exchange. Financial Knowledge of Securities Analysis, 14(56), 114-131.

Shahzad, M. A., Du, J., Jan, N., & Rasool, Y. (2024). Perceived behavioral factors and individual investor stock market investment decision: Multigroup analysis and major stock markets perspectives. Sage Open, 14(2), 1-18. https://doi.org/10.1177/21582440241256210

Singh, C., Sharma, N., & Ahmed, M. (2024). Psychological determinants of investment decisions: Analyzing financial behavior in personal investments. Involvement International Journal of Business, 7(1), 1-15. https://doi.org/10.62569/iijb.v1i4.46

Tariq, S. (2025). Cognitive biases at play? Insights from a Bayesian game framework. Journal of Behavioral Economics, 12(1), 1-18.

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Tian, Y. (2024). Behavioral finance: Loss aversion, market anomalies, and prospect theory in financial decision-making. Highlights in Business, Economics and Management, 26, 178-185. https://doi.org/10.54097/h1wnk736

Wang, Y. (2025). Research on individual investor's decision-making behavior based on behavioral finance. Academic Conferences Series, 3(1), 1-12. https://doi.org/10.62381/ACS.ATSS2025.02

Yi, S. (2024). Behavioral finance: Several key effects of investor decision-making. SHS Web of Conferences,