Analysis of the emotional behavior of risk-taking and risk-averse investors in the stock portfolio

Document Type : Original Article

Authors
seyed hesam وقفی 1
kaveh parandin 2
Amir Ghafourian Shagardi 3
fatemeh hendabadi 4
Zeynab Nourbakhsh Hosseiny 5
1 Associate Professor, Department of Accounting, Payame Noor University, Tehran, Iran,
2 Assistant Professor, Department of Accounting, Payame Noor University, Tehran, Iran,
3 Associate Professor, Accounting Department, Faculty of Administrative Sciences, Imam Reza International University, Mashhad, Iran,
4 Master student of accounting, Payame Noor University, Tehran,Iran
5 Department of Accounting, Technical and Vocational University (TVU), Tehran, Iran,
10.22034/jik.2026.24007
Abstract
Analysis of the emotional behavior of risk-taking and risk-averse investors in the stock portfolio


Abstract
Achieving long-term and continuous economic growth requires equipping and optimal allocation of resources at the level of the national economy, and this is not easily possible without the help of financial markets, especially the extensive and efficient capital marke One of the important topics that is discussed in the capital markets and should be considered by investors, whether natural or legal persons, is the topic of choosing the optimal investment portfolio, and in this regard, the investigation and study of investors in order to choose the best investment portfolio with Attention is paid to the amount of risk and its return. The purpose of this research is to analyze the emotional behavior of investors in forming the optimal stock portfolio. For this purpose, a stock portfolio has been formed from the financial information of 101 stock companies using the frog algorithm, and the emotional behavior of investors in risk-taking and risk-averse stock portfolios has been compared, and the results show that there is a significant difference between stock portfolios.

Keywords: stock portfolio, emotional behavior of investors, artificial intelligence algorithm.
Keywords
stock portfolio
emotional behavior of investors
artificial intelligence algorithm
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