• Renuka Sharma
• Dr.Shiv Prasad

Behavioural economists claim that an investor is not rational as traditionally revealed and behavioural dispositions impact the investment behaviour of the investors. Cognitive and emotional aspects may intervene in making irrational investment decisions. The present paper is an attempt to describe the meaning of the behavioural finance and the various psychological factors that plays an important role in the investment decisions. In order to search for evidences of behavioural biases in the portfolio investment decisions of the investors a survey with questions formed on Likert scale on 5 point scale was created and responses were obtained from investors in Rajasthan who make their own investment decisions. The paper identified through factor analysis Herd Mentality, Mental Accounting, Overconfidence , Anchoring, Confirmation are a few biases which plays an important role in affecting the investment decisions of individual investors.

Keywords: Behavioural finance, Behavioural Biases, Portfolio Investment Decisions.

"ROLE OF BEHAVIOURAL DISPOSITION IN PORTFOLIO INVESTMENT DECISIONS OF INDIVIDUAL INVESTORS IN RAJASTHAN.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.546-557, January-2019, Available :http://www.jetir.org/papers/JETIR1901978.pdf

"ROLE OF BEHAVIOURAL DISPOSITION IN PORTFOLIO INVESTMENT DECISIONS OF INDIVIDUAL INVESTORS IN RAJASTHAN.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp546-557, January-2019, Available at : http://www.jetir.org/papers/JETIR1901978.pdf