Fear of Missing Out (FOMO) & Investment Decision: A Systematic Literature Review

Rulit Candra (), Aisah Aisah (), Nugraha Nugraha () and Imas Purnamasari
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Rulit Candra: Universitas Pendidikan Indonesia, Pendidikan Ekonomi dan Bisnis
Aisah Aisah: Universitas Pendidikan Indonesia, Pendidikan Ekonomi dan Bisnis
Nugraha Nugraha: Universitas Pendidikan Indonesia, Pendidikan Ekonomi dan Bisnis
Imas Purnamasari: Universitas Pendidikan Indonesia, Pendidikan Ekonomi dan Bisnis

A chapter in Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), 2024, pp 68-74 from Springer

Abstract: Abstract The purpose of this systematic review article is to analyse prior studies on fear of missing out (FOMO) and investment. The data collected comes from three databases, i.e., Scopus, EBSCO Host, and Taylor & Francis, using PRISMA guidelines. The primary inclusion criteria for this systematic review were English language articles, open-access and full-text papers, and scientific journals only. This literature review explores the relationship between the fear of missing out (FOMO) and investment behaviour. The findings highlight the significant influence of FOMO on investment decisions, emphasising the importance of understanding psychological factors, emotional biases, and contextual influences in shaping investor behaviour and improving investment outcomes. To better understand the complex relationships between FOMO and investment, future research can include empirical studies, investigate other behavioural biases, explore the impact of demographic factors, conduct cross-cultural studies, and use virtual reality or real-world scenarios.

Keywords: Fear of missing out; FOMO; Investment; Finance; Financial Behavior (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-443-3_11

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