pengaruh literasi keuangan, overconfidence, dan persepsi terhadap risiko pada pengambilan keputusan investasi di surabaya

nowadays investors often make investment decision irrationally. the decision is often based on their judgment that is far away from rational assumption. when investors face risky situation,there are some objectivities, emotions, and other psychological factors that usually effect their decision making. this purpose of study is to examine the effect of financial literacy overconfidence and risk perception on investment decision making in surabaya. sample of this study is investors in stocks and bonds. this study used purposive, convenience and snow-ball sampling method. there are 50 respondents taken from questionnaire by survey method. to test hypotheses, this study employs descriptive analysis and multiple regression analysis. moreover, by performing multiple regression analysis, this study found that financial literacy and risk perception have significant effect on investment decision making, but only overconfidence do not