Kasoga, P. S. (2021). Heuristic biases and investment decisions: multiple mediation mechanisms of risk tolerance and financial literacy—a survey at the Tanzania stock market. Journal of Money and Business, 1(2), 102–116. https://doi.org/10.1108/jmb-10-2021-0037

Ahmad, F. (2020). Personality traits as predictor of cognitive biases: moderating role of risk-attitude. Qualitative Research in Financial Markets, 12(4), 465–484. https://doi.org/10.1108/QRFM-10-2019-0123

Kallal, R., Haddaji, A., & Ftiti, Z. (2021). ICT diffusion and economic growth: Evidence from the sectorial analysis of a periphery country. Technological Forecasting and Social Change, 162(October 2020), 120403. https://doi.org/10.1016/j.techfore.2020.120403

Ghadwan, A., Marhaini, W., Ahmad, W., & Hanifa, M. H. (2022). Financial Planning for Retirement : The Mediating Role of Culture. https://doi.org/105353-4332

Ahmad, M., & Shah, S. Z. A. (2022). Overconfidence heuristic-driven bias in investment decision-making and performance: mediating effects of risk perception and moderating effects of financial literacy. Journal of Economic and Administrative Sciences, 38(1), 60–90. https://doi.org/10.1108/jeas-07-2020-0116

Gavrilakis, N., & Floros, C. (2022). The impact of heuristic and herding biases on portfolio construction and performance: the case of Greece. Review of Behavioral Finance, 14(3), 436–462. https://doi.org/10.1108/RBF-11-2020-0295

Gavrilakis,ap, S., Thoyib, A., Sumiati, S., & Djazuli, A. (2022). The Impact of Financial literacy on Retirement Planning with Serial Mediation of Financial Risk Tolerance and Saving Behavior: Evidence of Medium Entrepreneurs in Indonesia. International Journal of Financial Studies, 10(3). https://doi.org/10.3390/ijfs10030066

Anastasia, N. (2015). Heuristic and Herding Bias on Property Investment Decision. 9–10. https://doi.org.1109/435231

Fama, E. F., & Jensen, M. C. (2005). Agency Problems and Residual Claims. SSRN Electronic Journal, XXVI(June), 327–349. https://doi.org/10.2139/ssrn.94032

Monica, L., Muchdie, M., & Achmadi, U. (2017). Struktur Modal Dan Keputusan Investasi Terhadap Nilai Perusahaan. Agregat, 1(2), 221–230. https://doi.org/10.22236/agregat

Saputra, S. E., Natassia, R., & Utami, H. Y. (2020). The Effect of Religiosity Moderation with Loss Aversion on the Investment Decision of Personal Investors Kind of Stock Security in Padang City. AMAR (Andalas Management Review), 4(1), 40–55. https://doi.org/10.25077/amar.4.1.40-55.2020

Ghasarma, R., & Andaiyani, S. (2021). Factors Affecting Retirement Planning Ability. 5(March), 41–50. https://doi.org/1056406030

Mavruk, T. (2022). Analysis of herding behavior in individual investor portfolios using machine learning algorithms. Research in International Business and Finance, 62(June), 101740. https://doi.org/10.1016/j.ribaf.2022.101740

Mahmood, Z., Kouser, R., Abbas, S. S., & Saba, I. (2016). The Effect of Hueristics, Prospect and Herding Factors on Investment Performance. Pakistan Journal of Social Sciences (PJSS), 36(1), 475–484. http://www.bzu.edu.pk/PJSS/Vol36No12016/PJSS-Vol36-No1-42.pdf

Johnson, E., & Sherraden, M. (2007). From Financial literacy to Financial Capability Among Youth. Journal of Sociology and Social Welfare, 34, 119–145. https://doi.org/10.1453./km.2007.1032.

Meliza, J., Sadalia, I., & Fachrudin, K. A. (2015). the Financial Behavior of Investors Using Discriminant Analysis Approach. Journal of Management and Business, 12(2). https://doi.org/10.24123/jmb.v12i2.20

Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate Data Analysis: A Global Perspective. https://doi.org/10.5332.JMM.3.2010

Rizaldy, M., Baihaqqy, I., & Sari, M. (2020). The Effect of Financial literacy on the Investment Decision. Budapest International Research and Critics Institute-Journal (BIRCI-Journal), 3(4), 3073–3083. https://doi.org/10.5207//BIRCI.4.2.2020

Hassan Al-Tamimi, H. A., & Anood Bin Kalli, A. (2009). Financial literacy and investment decisions of UAE investors. Journal of Risk Finance, 10(5), 500–516. https://doi.org/10.1108/15265940911001402

Harahap, S., Thoyib, A., Sumiati, S., & Djazuli, A. (2022). The Impact of Financial literacy on Retirement Planning with Serial Mediation of Financial Risk Tolerance and Saving Behavior: Evidence of Medium Entrepreneurs in Indonesia. International Journal of Financial Studies, 10(3). https://doi.org/10.3390/ijfs10030066

Brigham, E. F., & Houston, J. F. (2017). Fundamentals of Financial Management (Tben Edition). Ptentice-Hall. https://doi.org/10.1017/CBO9781107415324.004

Caglayan, M., Talavera, O., & Zhang, W. (2021). Herding behaviour in P2P lending markets. Journal of Empirical Finance, 63(May), 27–41. https://doi.org/10.1016/j.jempfin.2021.05.005

Braga, R., & Fávero, L. P. L. (2017). Disposition Effect and Tolerance to Losses in Stock Investment Decisions: An Experimental Study. Journal of Behavioral Finance, 18(3), 271–280. https://doi.org/10.1080/15427560.2017.1308946