Recency Bias Berdasarkan Urutan Penyajian Informasi dan Jenis Kelamin

Abstract

Stock investment decisions are made by investors in order to make profit. However, sometimes investors suffered losses in the stock investment because at the time the investment decisions were made they experienced recency bias, caused by their belief on the latest information (the latest information obtained). This study aims at determining whether the order of information presented and gender can cause recency bias to the investors in making stock investment decisions. The sample used in this study were the postgraduate students of Master of Management and Master of Accountancy in Satya Wacana Christian University (SWCU), which were 54 participants. The data were obtained through the deployment of experimental instruments. The result showed that the order of information presentation caused recency bias to the investors in making stock investment decisions, while gender did not cause recency bias to the investors in making stock investment decisions.