Evaluation of Factors Affecting Investment Decision Analysis Under Uncertainty Conditions with Fuzzy DEMATEL Approach

Tuğba Yalnız () and Gökçe Candan ()
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Tuğba Yalnız: Sakarya Üniversitesi, Siyasal Bilgiler Fakültesi, Ekonometri Bölümü, Sakarya, Türkiye.
Gökçe Candan: Sakarya Üniversitesi, Siyasal Bilgiler Fakültesi, Ekonometri Bölümü, Sakarya, Türkiye.

EKOIST Journal of Econometrics and Statistics, 2019, vol. 30, issue 0, 49-64

Abstract: Nowadays, there are many investment tools in the financial markets to assess the savings of individual investors. The diversity of investment instruments in the market makes it difficult for investors to make decisions about evaluating savings. However, developments and uncertainties in the economy affect the individual investor’s investment decision. The aim of this study is to reveal the economic, social, investment instrument characteristics and analysis techniques that can be usefulin the process of evaluating the savings of individual investors in financial investment instruments. The purpose of this study is to provide a new perspective by evaluating the relationships between the criteria affecting investment decision with the Fuzzy DEMATEL method. In addition to the support from the literature, my financial work experience contributed to my study in the process of determining the criteria included in the study. In this study, the Fuzzy DEMATEL method was used and the opinions of 10 experts responsible for financial decisions were taken. This research concludes that the most important factor that affects individual investors when making decisions is the analysis techniques used in the selection of investment instruments in line with the criteria used in the study.

Keywords: Finance; Individual investor; Fuzzy DEMATEL; Uncertainty; Portfolio management (search for similar items in EconPapers)
JEL-codes: G0 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ist:ekoist:v:30:y:2019:i:0:p:49-64

DOI: 10.26650/ekoist.2018.30.0009

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