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| Format: | Artículo científico |
| Language: | en |
| Published: |
Vilniaus Universitetas
2021
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| Online Access: | https://www.redalyc.org/articulo.oa?id=692372872010 https://www.redalyc.org/journal/6923/692372872010/ https://www.redalyc.org/journal/6923/692372872010/html/ https://www.redalyc.org/journal/6923/692372872010/692372872010.epub https://www.redalyc.org/journal/6923/692372872010/movil |
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| _version_ | 1866817879018569728 |
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| author | Valdone Darskuviene |
| author_facet | Valdone Darskuviene |
| contents | Linking the Robo-advisors Phenomenon and Behavioural Biases in Investment Management: An Interdisciplinary Literature Review and Research Agenda Valdone Darskuviene Nomeda Lisauskiene Economía y Finanzas Robo advisor behavioural biases dual process theory Technological advancements bring continuous changes into the investment industry. The paper aims to provide insights on future research agenda based on a review of the current stance of research on the links between the Robo-advisors phenomenon and behavioural biases of individual investors. A qualitative investigation method has been applied for literature review on Robo-advisors and their impact on behavioural biases.The key findings indicate that Robo-advisors can help users to make better informed and less biased decisions. However, Robo-advisors activate the investors’ automatic system processes. The resulting passive investment approach could lead to alienation of the investors from the stock market, decreasing their understanding of the investment process that could widen a gap between different clusters of investors.The paper makes several contributions to the literature. First, it provides arguments on why a dual process theoretical framework in the relationship between financial advisory and investment behavioural biases is applicable. Second, it studies the Robo-advisor phenomenon and proposes a comprehensive definition of Robo-advisors. Third, the literature review suggests drivers of the Robo-advisors effect on the changes of behavioural biases as a future research direction. 2021 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372872010 https://www.redalyc.org/journal/6923/692372872010/ https://www.redalyc.org/journal/6923/692372872010/html/ https://www.redalyc.org/journal/6923/692372872010/692372872010.epub https://www.redalyc.org/journal/6923/692372872010/movil en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.2 Vol.12 |
| format | Artículo científico |
| id | redalyc_692372872010 |
| language | en |
| publishDate | 2021 |
| publisher | Vilniaus Universitetas |
| spellingShingle | Linking the Robo-advisors Phenomenon and Behavioural Biases in Investment Management: An Interdisciplinary Literature Review and Research Agenda Valdone Darskuviene Economía y Finanzas Robo advisor behavioural biases dual process theory Linking the Robo-advisors Phenomenon and Behavioural Biases in Investment Management: An Interdisciplinary Literature Review and Research Agenda Valdone Darskuviene Nomeda Lisauskiene Economía y Finanzas Robo advisor behavioural biases dual process theory Technological advancements bring continuous changes into the investment industry. The paper aims to provide insights on future research agenda based on a review of the current stance of research on the links between the Robo-advisors phenomenon and behavioural biases of individual investors. A qualitative investigation method has been applied for literature review on Robo-advisors and their impact on behavioural biases.The key findings indicate that Robo-advisors can help users to make better informed and less biased decisions. However, Robo-advisors activate the investors’ automatic system processes. The resulting passive investment approach could lead to alienation of the investors from the stock market, decreasing their understanding of the investment process that could widen a gap between different clusters of investors.The paper makes several contributions to the literature. First, it provides arguments on why a dual process theoretical framework in the relationship between financial advisory and investment behavioural biases is applicable. Second, it studies the Robo-advisor phenomenon and proposes a comprehensive definition of Robo-advisors. Third, the literature review suggests drivers of the Robo-advisors effect on the changes of behavioural biases as a future research direction. 2021 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372872010 https://www.redalyc.org/journal/6923/692372872010/ https://www.redalyc.org/journal/6923/692372872010/html/ https://www.redalyc.org/journal/6923/692372872010/692372872010.epub https://www.redalyc.org/journal/6923/692372872010/movil en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.2 Vol.12 |
| title | Linking the Robo-advisors Phenomenon and Behavioural Biases in Investment Management: An Interdisciplinary Literature Review and Research Agenda |
| topic | Economía y Finanzas Robo advisor behavioural biases dual process theory |
| url | https://www.redalyc.org/articulo.oa?id=692372872010 https://www.redalyc.org/journal/6923/692372872010/ https://www.redalyc.org/journal/6923/692372872010/html/ https://www.redalyc.org/journal/6923/692372872010/692372872010.epub https://www.redalyc.org/journal/6923/692372872010/movil |