id	sid	tid	token	lemma	pos
easat-4408	1	1	edelweiss	edelweiss	PROPN
easat-4408	1	2	applied	apply	VERB
easat-4408	1	3	science	science	NOUN
easat-4408	1	4	and	and	CCONJ
easat-4408	1	5	technology	technology	NOUN
easat-4408	1	6	issn	issn	PROPN
easat-4408	1	7	:	:	PUNCT
easat-4408	1	8	2576	2576	NUM
easat-4408	1	9	-	-	SYM
easat-4408	1	10	8484	8484	NUM
easat-4408	1	11	vol	vol	NOUN
easat-4408	1	12	.	.	PROPN
easat-4408	2	1	9	9	NUM
easat-4408	2	2	,	,	PUNCT
easat-4408	2	3	no	no	INTJ
easat-4408	2	4	.	.	NOUN
easat-4408	2	5	2	2	NUM
easat-4408	2	6	,	,	PUNCT
easat-4408	2	7	8	8	NUM
easat-4408	2	8	-	-	SYM
easat-4408	2	9	15	15	NUM
easat-4408	2	10	2025	2025	NUM
easat-4408	2	11	publisher	publisher	NOUN
easat-4408	2	12	:	:	PUNCT
easat-4408	2	13	learning	learn	VERB
easat-4408	2	14	gate	gate	NOUN
easat-4408	2	15	doi	doi	PROPN
easat-4408	2	16	:	:	PUNCT
easat-4408	2	17	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	2	18	©	©	PROPN
easat-4408	2	19	2025	2025	NUM
easat-4408	2	20	by	by	ADP
easat-4408	2	21	the	the	DET
easat-4408	2	22	authors	author	NOUN
easat-4408	2	23	;	;	PUNCT
easat-4408	3	1	licensee	licensee	PROPN
easat-4408	3	2	learning	learning	NOUN
easat-4408	3	3	gate	gate	NOUN
easat-4408	3	4	©	©	PROPN
easat-4408	3	5	2025	2025	NUM
easat-4408	3	6	by	by	ADP
easat-4408	3	7	the	the	DET
easat-4408	3	8	authors	author	NOUN
easat-4408	3	9	;	;	PUNCT
easat-4408	3	10	licensee	licensee	PROPN
easat-4408	3	11	learning	learning	NOUN
easat-4408	3	12	gate	gate	NOUN
easat-4408	3	13	history	history	NOUN
easat-4408	3	14	:	:	PUNCT
easat-4408	3	15	received	receive	VERB
easat-4408	3	16	:	:	PUNCT
easat-4408	3	17	14	14	NUM
easat-4408	3	18	november	november	PROPN
easat-4408	3	19	2024	2024	NUM
easat-4408	3	20	;	;	PUNCT
easat-4408	3	21	revised	revise	VERB
easat-4408	3	22	:	:	PUNCT
easat-4408	3	23	11	11	NUM
easat-4408	3	24	january	january	NOUN
easat-4408	3	25	2025	2025	NUM
easat-4408	3	26	;	;	PUNCT
easat-4408	3	27	accepted	accept	VERB
easat-4408	3	28	:	:	PUNCT
easat-4408	3	29	22	22	NUM
easat-4408	3	30	january	january	PROPN
easat-4408	3	31	2025	2025	NUM
easat-4408	3	32	;	;	PUNCT
easat-4408	3	33	published	publish	VERB
easat-4408	3	34	:	:	PUNCT
easat-4408	3	35	23	23	NUM
easat-4408	3	36	january	january	NOUN
easat-4408	3	37	2025	2025	NUM
easat-4408	3	38	*	*	PUNCT
easat-4408	3	39	correspondence	correspondence	NOUN
easat-4408	3	40	:	:	PUNCT
easat-4408	4	1	arevik.heboyan@ysu.am	arevik.heboyan@ysu.am	PART
easat-4408	4	2	idiosyncrasies	idiosyncrasy	NOUN
easat-4408	4	3	of	of	ADP
easat-4408	4	4	biased	biased	ADJ
easat-4408	4	5	investment	investment	NOUN
easat-4408	4	6	choices	choice	NOUN
easat-4408	4	7	in	in	ADP
easat-4408	4	8	a	a	DET
easat-4408	4	9	culturally	culturally	ADV
easat-4408	4	10	diverse	diverse	ADJ
easat-4408	4	11	context	context	NOUN
easat-4408	4	12	davit	davit	PROPN
easat-4408	4	13	hayrapetyan1	hayrapetyan1	PROPN
easat-4408	4	14	,	,	PUNCT
easat-4408	4	15	arevik	arevik	VERB
easat-4408	4	16	heboyan2	heboyan2	NOUN
easat-4408	4	17	*	*	SYM
easat-4408	4	18	1,2faculty	1,2faculty	NUM
easat-4408	4	19	of	of	ADP
easat-4408	4	20	philosophy	philosophy	NOUN
easat-4408	4	21	and	and	CCONJ
easat-4408	4	22	psychology	psychology	NOUN
easat-4408	4	23	,	,	PUNCT
easat-4408	4	24	department	department	NOUN
easat-4408	4	25	of	of	ADP
easat-4408	4	26	general	general	ADJ
easat-4408	4	27	psychology	psychology	PROPN
easat-4408	4	28	,	,	PUNCT
easat-4408	4	29	yerevan	yerevan	PROPN
easat-4408	4	30	state	state	PROPN
easat-4408	4	31	university	university	PROPN
easat-4408	4	32	,	,	PUNCT
easat-4408	4	33	yerevan	yerevan	PROPN
easat-4408	4	34	,	,	PUNCT
easat-4408	4	35	armenia	armenia	PROPN
easat-4408	4	36	;	;	PUNCT
easat-4408	4	37	davidhaiarm@ysu.am	davidhaiarm@ysu.am	PROPN
easat-4408	4	38	(	(	PUNCT
easat-4408	4	39	d.h	d.h	PROPN
easat-4408	4	40	.	.	PROPN
easat-4408	4	41	)	)	PUNCT
easat-4408	4	42	arevik.heboyan@ysu.am	arevik.heboyan@ysu.am	PROPN
easat-4408	5	1	(	(	PUNCT
easat-4408	5	2	a.h	a.h	PROPN
easat-4408	5	3	.	.	PROPN
easat-4408	5	4	)	)	PUNCT
easat-4408	5	5	.	.	PUNCT
easat-4408	6	1	abstract	abstract	ADV
easat-4408	6	2	:	:	PUNCT
easat-4408	6	3	the	the	DET
easat-4408	6	4	purpose	purpose	NOUN
easat-4408	6	5	of	of	ADP
easat-4408	6	6	this	this	DET
easat-4408	6	7	study	study	NOUN
easat-4408	6	8	is	be	AUX
easat-4408	6	9	to	to	PART
easat-4408	6	10	determine	determine	VERB
easat-4408	6	11	the	the	DET
easat-4408	6	12	impact	impact	NOUN
easat-4408	6	13	of	of	ADP
easat-4408	6	14	personal	personal	ADJ
easat-4408	6	15	and	and	CCONJ
easat-4408	6	16	cognitive	cognitive	ADJ
easat-4408	6	17	factors	factor	NOUN
easat-4408	6	18	,	,	PUNCT
easat-4408	6	19	decision	decision	NOUN
easat-4408	6	20	making	make	VERB
easat-4408	6	21	stylistic	stylistic	ADJ
easat-4408	6	22	differences	difference	NOUN
easat-4408	6	23	on	on	ADP
easat-4408	6	24	investment	investment	NOUN
easat-4408	6	25	decision	decision	NOUN
easat-4408	6	26	making	make	VERB
easat-4408	6	27	in	in	ADP
easat-4408	6	28	various	various	ADJ
easat-4408	6	29	cultural	cultural	ADJ
easat-4408	6	30	settings	setting	NOUN
easat-4408	6	31	,	,	PUNCT
easat-4408	6	32	and	and	CCONJ
easat-4408	6	33	their	their	PRON
easat-4408	6	34	connections	connection	NOUN
easat-4408	6	35	with	with	ADP
easat-4408	6	36	cognitive	cognitive	ADJ
easat-4408	6	37	biases	bias	NOUN
easat-4408	6	38	and	and	CCONJ
easat-4408	6	39	heuristics	heuristic	NOUN
easat-4408	6	40	.	.	PUNCT
easat-4408	7	1	a	a	DET
easat-4408	7	2	complex	complex	ADJ
easat-4408	7	3	combination	combination	NOUN
easat-4408	7	4	of	of	ADP
easat-4408	7	5	psychological	psychological	ADJ
easat-4408	7	6	tests	test	NOUN
easat-4408	7	7	,	,	PUNCT
easat-4408	7	8	financial	financial	ADJ
easat-4408	7	9	tasks	task	NOUN
easat-4408	7	10	and	and	CCONJ
easat-4408	7	11	self	self	NOUN
easat-4408	7	12	-	-	PUNCT
easat-4408	7	13	assessment	assessment	NOUN
easat-4408	7	14	surveys	survey	NOUN
easat-4408	7	15	was	be	AUX
easat-4408	7	16	conducted	conduct	VERB
easat-4408	7	17	among	among	ADP
easat-4408	7	18	one	one	NUM
easat-4408	7	19	hundred	hundred	NUM
easat-4408	7	20	investors	investor	NOUN
easat-4408	7	21	in	in	ADP
easat-4408	7	22	the	the	DET
easat-4408	7	23	usa	usa	PROPN
easat-4408	7	24	and	and	CCONJ
easat-4408	7	25	seventeen	seventeen	NUM
easat-4408	7	26	investors	investor	NOUN
easat-4408	7	27	armenia	armenia	PROPN
easat-4408	7	28	to	to	PART
easat-4408	7	29	identify	identify	VERB
easat-4408	7	30	links	link	NOUN
easat-4408	7	31	between	between	ADP
easat-4408	7	32	personality	personality	NOUN
easat-4408	7	33	types	type	NOUN
easat-4408	7	34	and	and	CCONJ
easat-4408	7	35	psychological	psychological	ADJ
easat-4408	7	36	characteristics	characteristic	NOUN
easat-4408	7	37	of	of	ADP
easat-4408	7	38	trading	trading	NOUN
easat-4408	7	39	decision	decision	NOUN
easat-4408	7	40	-	-	PUNCT
easat-4408	7	41	making	making	NOUN
easat-4408	7	42	in	in	ADP
easat-4408	7	43	multi	multi	ADJ
easat-4408	7	44	-	-	ADJ
easat-4408	7	45	cultural	cultural	ADJ
easat-4408	7	46	study	study	NOUN
easat-4408	7	47	.	.	PUNCT
easat-4408	8	1	this	this	PRON
easat-4408	8	2	allowed	allow	VERB
easat-4408	8	3	us	we	PRON
easat-4408	8	4	to	to	PART
easat-4408	8	5	visualize	visualize	VERB
easat-4408	8	6	connections	connection	NOUN
easat-4408	8	7	between	between	ADP
easat-4408	8	8	personal	personal	ADJ
easat-4408	8	9	factors	factor	NOUN
easat-4408	8	10	(	(	PUNCT
easat-4408	8	11	age	age	NOUN
easat-4408	8	12	,	,	PUNCT
easat-4408	8	13	gender	gender	NOUN
easat-4408	8	14	,	,	PUNCT
easat-4408	8	15	education	education	NOUN
easat-4408	8	16	)	)	PUNCT
easat-4408	8	17	,	,	PUNCT
easat-4408	8	18	decision	decision	NOUN
easat-4408	8	19	-	-	PUNCT
easat-4408	8	20	making	make	VERB
easat-4408	8	21	styles	style	NOUN
easat-4408	8	22	,	,	PUNCT
easat-4408	8	23	risk	risk	NOUN
easat-4408	8	24	aversion	aversion	NOUN
easat-4408	8	25	and	and	CCONJ
easat-4408	8	26	tolerance	tolerance	NOUN
easat-4408	8	27	of	of	ADP
easat-4408	8	28	ambiguity	ambiguity	NOUN
easat-4408	8	29	,	,	PUNCT
easat-4408	8	30	financial	financial	ADJ
easat-4408	8	31	literacy	literacy	NOUN
easat-4408	8	32	,	,	PUNCT
easat-4408	8	33	and	and	CCONJ
easat-4408	8	34	the	the	DET
easat-4408	8	35	impact	impact	NOUN
easat-4408	8	36	of	of	ADP
easat-4408	8	37	all	all	DET
easat-4408	8	38	these	these	DET
easat-4408	8	39	factors	factor	NOUN
easat-4408	8	40	on	on	ADP
easat-4408	8	41	biases	bias	NOUN
easat-4408	8	42	we	we	PRON
easat-4408	8	43	choose	choose	VERB
easat-4408	8	44	to	to	PART
easat-4408	8	45	utilize	utilize	VERB
easat-4408	8	46	.	.	PUNCT
easat-4408	9	1	our	our	PRON
easat-4408	9	2	results	result	NOUN
easat-4408	9	3	indicate	indicate	VERB
easat-4408	9	4	that	that	SCONJ
easat-4408	9	5	the	the	DET
easat-4408	9	6	knowledge	knowledge	NOUN
easat-4408	9	7	and	and	CCONJ
easat-4408	9	8	epistemic	epistemic	ADJ
easat-4408	9	9	component	component	NOUN
easat-4408	9	10	function	function	NOUN
easat-4408	9	11	as	as	ADP
easat-4408	9	12	a	a	DET
easat-4408	9	13	behavioral	behavioral	ADJ
easat-4408	9	14	regulator	regulator	NOUN
easat-4408	9	15	,	,	PUNCT
easat-4408	9	16	with	with	ADP
easat-4408	9	17	financial	financial	ADJ
easat-4408	9	18	literacy	literacy	NOUN
easat-4408	9	19	as	as	ADP
easat-4408	9	20	a	a	DET
easat-4408	9	21	central	central	ADJ
easat-4408	9	22	determinant	determinant	ADJ
easat-4408	9	23	in	in	ADP
easat-4408	9	24	investment	investment	NOUN
easat-4408	9	25	patterns	pattern	NOUN
easat-4408	9	26	,	,	PUNCT
easat-4408	9	27	determine	determine	VERB
easat-4408	9	28	tolerance	tolerance	NOUN
easat-4408	9	29	towards	towards	ADP
easat-4408	9	30	uncertainty	uncertainty	NOUN
easat-4408	9	31	and	and	CCONJ
easat-4408	9	32	risk	risk	NOUN
easat-4408	9	33	aversion	aversion	NOUN
easat-4408	9	34	behavior	behavior	NOUN
easat-4408	9	35	.	.	PUNCT
easat-4408	10	1	gender	gender	NOUN
easat-4408	10	2	and	and	CCONJ
easat-4408	10	3	education	education	NOUN
easat-4408	10	4	,	,	PUNCT
easat-4408	10	5	as	as	ADV
easat-4408	10	6	well	well	ADV
easat-4408	10	7	as	as	ADP
easat-4408	10	8	investment	investment	NOUN
easat-4408	10	9	stylistic	stylistic	ADJ
easat-4408	10	10	factors	factor	NOUN
easat-4408	10	11	determine	determine	VERB
easat-4408	10	12	the	the	DET
easat-4408	10	13	choice	choice	NOUN
easat-4408	10	14	of	of	ADP
easat-4408	10	15	biases	bias	NOUN
easat-4408	10	16	.	.	PUNCT
easat-4408	11	1	the	the	DET
easat-4408	11	2	lower	low	ADJ
easat-4408	11	3	number	number	NOUN
easat-4408	11	4	of	of	ADP
easat-4408	11	5	participants	participant	NOUN
easat-4408	11	6	from	from	ADP
easat-4408	11	7	armenia	armenia	PROPN
easat-4408	11	8	and	and	CCONJ
easat-4408	11	9	stigma	stigma	NOUN
easat-4408	11	10	around	around	ADP
easat-4408	11	11	investments	investment	NOUN
easat-4408	11	12	and	and	CCONJ
easat-4408	11	13	low	low	ADJ
easat-4408	11	14	trust	trust	NOUN
easat-4408	11	15	in	in	ADP
easat-4408	11	16	banks	bank	NOUN
easat-4408	11	17	and	and	CCONJ
easat-4408	11	18	financial	financial	ADJ
easat-4408	11	19	market	market	NOUN
easat-4408	11	20	among	among	ADP
easat-4408	11	21	armenian	armenian	ADJ
easat-4408	11	22	investors	investor	NOUN
easat-4408	11	23	is	be	AUX
easat-4408	11	24	identifies	identifie	NOUN
easat-4408	11	25	as	as	ADP
easat-4408	11	26	limitations	limitation	NOUN
easat-4408	11	27	for	for	ADP
easat-4408	11	28	our	our	PRON
easat-4408	11	29	study	study	NOUN
easat-4408	11	30	.	.	PUNCT
easat-4408	12	1	this	this	DET
easat-4408	12	2	study	study	NOUN
easat-4408	12	3	is	be	AUX
easat-4408	12	4	one	one	NUM
easat-4408	12	5	of	of	ADP
easat-4408	12	6	the	the	DET
easat-4408	12	7	first	first	ADJ
easat-4408	12	8	attempt	attempt	NOUN
easat-4408	12	9	to	to	PART
easat-4408	12	10	study	study	VERB
easat-4408	12	11	and	and	CCONJ
easat-4408	12	12	compare	compare	VERB
easat-4408	12	13	the	the	DET
easat-4408	12	14	distinctive	distinctive	ADJ
easat-4408	12	15	features	feature	NOUN
easat-4408	12	16	and	and	CCONJ
easat-4408	12	17	peculiarities	peculiarity	NOUN
easat-4408	12	18	of	of	ADP
easat-4408	12	19	armenian	armenian	ADJ
easat-4408	12	20	investors	investor	NOUN
easat-4408	12	21	and	and	CCONJ
easat-4408	12	22	the	the	DET
easat-4408	12	23	factors	factor	NOUN
easat-4408	12	24	determining	determine	VERB
easat-4408	12	25	their	their	PRON
easat-4408	12	26	investing	investing	NOUN
easat-4408	12	27	behavior	behavior	NOUN
easat-4408	12	28	.	.	PUNCT
easat-4408	13	1	keywords	keyword	NOUN
easat-4408	13	2	:	:	PUNCT
easat-4408	13	3	cognitive	cognitive	ADJ
easat-4408	13	4	heuristics	heuristic	NOUN
easat-4408	13	5	and	and	CCONJ
easat-4408	13	6	biases	bias	NOUN
easat-4408	13	7	,	,	PUNCT
easat-4408	13	8	financial	financial	ADJ
easat-4408	13	9	literacy	literacy	NOUN
easat-4408	13	10	,	,	PUNCT
easat-4408	13	11	investment	investment	NOUN
easat-4408	13	12	decision	decision	NOUN
easat-4408	13	13	-	-	PUNCT
easat-4408	13	14	making	making	NOUN
easat-4408	13	15	,	,	PUNCT
easat-4408	13	16	risk	risk	NOUN
easat-4408	13	17	,	,	PUNCT
easat-4408	13	18	uncertainty	uncertainty	NOUN
easat-4408	13	19	.	.	PUNCT
easat-4408	14	1	1	1	X
easat-4408	14	2	.	.	X
easat-4408	14	3	introduction	introduction	NOUN
easat-4408	14	4	stock	stock	NOUN
easat-4408	14	5	exchanges	exchange	NOUN
easat-4408	14	6	are	be	AUX
easat-4408	14	7	part	part	NOUN
easat-4408	14	8	of	of	ADP
easat-4408	14	9	civil	civil	ADJ
easat-4408	14	10	society	society	NOUN
easat-4408	14	11	from	from	ADP
easat-4408	14	12	1531	1531	NUM
easat-4408	14	13	and	and	CCONJ
easat-4408	14	14	have	have	AUX
easat-4408	14	15	started	start	VERB
easat-4408	14	16	as	as	ADP
easat-4408	14	17	a	a	DET
easat-4408	14	18	place	place	NOUN
easat-4408	14	19	for	for	SCONJ
easat-4408	14	20	brokers	broker	NOUN
easat-4408	14	21	and	and	CCONJ
easat-4408	14	22	money	money	NOUN
easat-4408	14	23	lenders	lender	NOUN
easat-4408	14	24	to	to	PART
easat-4408	14	25	buy	buy	VERB
easat-4408	14	26	,	,	PUNCT
easat-4408	14	27	sell	sell	VERB
easat-4408	14	28	,	,	PUNCT
easat-4408	14	29	trade	trade	NOUN
easat-4408	14	30	debts	debt	NOUN
easat-4408	14	31	.	.	PUNCT
easat-4408	15	1	further	further	ADJ
easat-4408	15	2	expansion	expansion	NOUN
easat-4408	15	3	of	of	ADP
easat-4408	15	4	dutch	dutch	PROPN
easat-4408	15	5	,	,	PUNCT
easat-4408	15	6	french	french	ADJ
easat-4408	15	7	and	and	CCONJ
easat-4408	15	8	british	british	ADJ
easat-4408	15	9	empires	empire	NOUN
easat-4408	15	10	led	lead	VERB
easat-4408	15	11	to	to	ADP
easat-4408	15	12	stock	stock	NOUN
easat-4408	15	13	exchanges	exchange	NOUN
easat-4408	15	14	evolving	evolve	VERB
easat-4408	15	15	to	to	ADP
easat-4408	15	16	more	more	ADV
easat-4408	15	17	complex	complex	ADJ
easat-4408	15	18	initiative	initiative	NOUN
easat-4408	15	19	with	with	ADP
easat-4408	15	20	wider	wide	ADJ
easat-4408	15	21	range	range	NOUN
easat-4408	15	22	of	of	ADP
easat-4408	15	23	stocks	stock	NOUN
easat-4408	15	24	and	and	CCONJ
easat-4408	15	25	commodities	commodity	NOUN
easat-4408	15	26	traded	trade	VERB
easat-4408	15	27	.	.	PUNCT
easat-4408	16	1	from	from	ADP
easat-4408	16	2	the	the	DET
easat-4408	16	3	18th	18th	ADJ
easat-4408	16	4	century	century	NOUN
easat-4408	16	5	london	london	PROPN
easat-4408	16	6	,	,	PUNCT
easat-4408	16	7	philadelphia	philadelphia	PROPN
easat-4408	16	8	,	,	PUNCT
easat-4408	16	9	ny	ny	PROPN
easat-4408	16	10	stock	stock	NOUN
easat-4408	16	11	exchanges	exchange	NOUN
easat-4408	16	12	allowed	allow	VERB
easat-4408	16	13	more	more	ADJ
easat-4408	16	14	companies	company	NOUN
easat-4408	16	15	to	to	PART
easat-4408	16	16	seek	seek	VERB
easat-4408	16	17	funds	fund	NOUN
easat-4408	16	18	for	for	ADP
easat-4408	16	19	operations	operation	NOUN
easat-4408	16	20	in	in	ADP
easat-4408	16	21	exchange	exchange	NOUN
easat-4408	16	22	of	of	ADP
easat-4408	16	23	ownership	ownership	NOUN
easat-4408	16	24	through	through	ADP
easat-4408	16	25	stocks	stock	NOUN
easat-4408	16	26	.	.	PUNCT
easat-4408	17	1	up	up	ADV
easat-4408	17	2	until	until	ADP
easat-4408	17	3	the	the	DET
easat-4408	17	4	21st	21st	ADJ
easat-4408	17	5	century	century	NOUN
easat-4408	17	6	it	it	PRON
easat-4408	17	7	was	be	AUX
easat-4408	17	8	the	the	DET
easat-4408	17	9	prerogative	prerogative	NOUN
easat-4408	17	10	of	of	ADP
easat-4408	17	11	brokers	broker	NOUN
easat-4408	17	12	and	and	CCONJ
easat-4408	17	13	licensed	licensed	ADJ
easat-4408	17	14	professionals	professional	NOUN
easat-4408	17	15	to	to	PART
easat-4408	17	16	be	be	AUX
easat-4408	17	17	an	an	DET
easat-4408	17	18	intermediary	intermediary	NOUN
easat-4408	17	19	in	in	ADP
easat-4408	17	20	the	the	DET
easat-4408	17	21	process	process	NOUN
easat-4408	17	22	and	and	CCONJ
easat-4408	17	23	was	be	AUX
easat-4408	17	24	widely	widely	ADV
easat-4408	17	25	spread	spread	VERB
easat-4408	17	26	among	among	ADP
easat-4408	17	27	more	more	ADV
easat-4408	17	28	financially	financially	ADV
easat-4408	17	29	stable	stable	ADJ
easat-4408	17	30	layers	layer	NOUN
easat-4408	17	31	of	of	ADP
easat-4408	17	32	society	society	NOUN
easat-4408	18	1	[	[	X
easat-4408	18	2	1	1	NUM
easat-4408	18	3	]	]	PUNCT
easat-4408	18	4	.	.	PUNCT
easat-4408	19	1	stock	stock	NOUN
easat-4408	19	2	and	and	CCONJ
easat-4408	19	3	options	option	NOUN
easat-4408	19	4	trading	trading	NOUN
easat-4408	19	5	is	be	AUX
easat-4408	19	6	a	a	DET
easat-4408	19	7	global	global	ADJ
easat-4408	19	8	phenomenon	phenomenon	NOUN
easat-4408	19	9	available	available	ADJ
easat-4408	19	10	to	to	ADP
easat-4408	19	11	everyone	everyone	PRON
easat-4408	19	12	if	if	SCONJ
easat-4408	19	13	not	not	PART
easat-4408	19	14	restricted	restrict	VERB
easat-4408	19	15	by	by	ADP
easat-4408	19	16	law	law	NOUN
easat-4408	19	17	and	and	CCONJ
easat-4408	19	18	regulations	regulation	NOUN
easat-4408	19	19	and	and	CCONJ
easat-4408	19	20	no	no	ADV
easat-4408	19	21	longer	long	ADV
easat-4408	19	22	is	be	AUX
easat-4408	19	23	a	a	DET
easat-4408	19	24	prerogative	prerogative	NOUN
easat-4408	19	25	of	of	ADP
easat-4408	19	26	wealthy	wealthy	ADJ
easat-4408	19	27	socialites	socialite	NOUN
easat-4408	19	28	through	through	ADP
easat-4408	19	29	brokers	broker	NOUN
easat-4408	19	30	.	.	PUNCT
easat-4408	20	1	online	online	ADJ
easat-4408	20	2	trading	trading	NOUN
easat-4408	20	3	,	,	PUNCT
easat-4408	20	4	also	also	ADV
easat-4408	20	5	referred	refer	VERB
easat-4408	20	6	to	to	ADP
easat-4408	20	7	as	as	ADP
easat-4408	20	8	'	'	PUNCT
easat-4408	20	9	etrading	etrade	VERB
easat-4408	20	10	,	,	PUNCT
easat-4408	20	11	'	'	PUNCT
easat-4408	20	12	has	have	AUX
easat-4408	20	13	recently	recently	ADV
easat-4408	20	14	garnered	garner	VERB
easat-4408	20	15	significant	significant	ADJ
easat-4408	20	16	attention	attention	NOUN
easat-4408	20	17	due	due	ADP
easat-4408	20	18	to	to	ADP
easat-4408	20	19	its	its	PRON
easat-4408	20	20	capacity	capacity	NOUN
easat-4408	20	21	to	to	PART
easat-4408	20	22	enable	enable	VERB
easat-4408	20	23	ordinary	ordinary	ADJ
easat-4408	20	24	individuals	individual	NOUN
easat-4408	20	25	—	—	PUNCT
easat-4408	20	26	often	often	ADV
easat-4408	20	27	labeled	label	VERB
easat-4408	20	28	as	as	ADP
easat-4408	20	29	'	'	PUNCT
easat-4408	20	30	retail	retail	ADJ
easat-4408	20	31	investors'—to	investors'—to	NOUN
easat-4408	20	32	impact	impact	NOUN
easat-4408	20	33	financial	financial	ADJ
easat-4408	20	34	markets	market	NOUN
easat-4408	20	35	in	in	ADP
easat-4408	20	36	previously	previously	ADV
easat-4408	20	37	unimaginable	unimaginable	ADJ
easat-4408	20	38	ways	way	NOUN
easat-4408	20	39	,	,	PUNCT
easat-4408	20	40	going	go	VERB
easat-4408	20	41	against	against	ADP
easat-4408	20	42	better	well	ADJ
easat-4408	20	43	judgement	judgement	NOUN
easat-4408	20	44	of	of	ADP
easat-4408	20	45	professionals	professional	NOUN
easat-4408	20	46	[	[	X
easat-4408	20	47	2	2	NUM
easat-4408	20	48	]	]	PUNCT
easat-4408	20	49	.	.	PUNCT
easat-4408	21	1	in	in	ADP
easat-4408	21	2	april	april	PROPN
easat-4408	21	3	2024	2024	NUM
easat-4408	21	4	,	,	PUNCT
easat-4408	21	5	according	accord	VERB
easat-4408	21	6	to	to	ADP
easat-4408	21	7	the	the	DET
easat-4408	21	8	2024	2024	NUM
easat-4408	21	9	market	market	NOUN
easat-4408	21	10	outlook	outlook	NOUN
easat-4408	21	11	report	report	NOUN
easat-4408	21	12	[	[	X
easat-4408	21	13	3	3	X
easat-4408	21	14	]	]	PUNCT
easat-4408	21	15	published	publish	VERB
easat-4408	21	16	by	by	ADP
easat-4408	21	17	the	the	DET
easat-4408	21	18	investment	investment	NOUN
easat-4408	21	19	vanguard	vanguard	PROPN
easat-4408	21	20	research	research	NOUN
easat-4408	21	21	team	team	NOUN
easat-4408	21	22	,	,	PUNCT
easat-4408	21	23	more	more	ADJ
easat-4408	21	24	than	than	ADP
easat-4408	21	25	1,300	1,300	NUM
easat-4408	21	26	million	million	NUM
easat-4408	21	27	shares	share	NOUN
easat-4408	21	28	were	be	AUX
easat-4408	21	29	traded	trade	VERB
easat-4408	21	30	in	in	ADP
easat-4408	21	31	us	we	PRON
easat-4408	21	32	alone	alone	ADV
easat-4408	21	33	per	per	ADP
easat-4408	21	34	day	day	NOUN
easat-4408	21	35	.	.	PUNCT
easat-4408	22	1	the	the	DET
easat-4408	22	2	number	number	NOUN
easat-4408	22	3	of	of	ADP
easat-4408	22	4	investors	investor	NOUN
easat-4408	22	5	worldwide	worldwide	ADV
easat-4408	22	6	ranges	range	VERB
easat-4408	22	7	from	from	ADP
easat-4408	22	8	13.8	13.8	NUM
easat-4408	22	9	-	-	SYM
easat-4408	22	10	50	50	NUM
easat-4408	22	11	million	million	NUM
easat-4408	22	12	,	,	PUNCT
easat-4408	22	13	with	with	ADP
easat-4408	22	14	approximately	approximately	ADV
easat-4408	22	15	5	5	NUM
easat-4408	22	16	million	million	NUM
easat-4408	22	17	new	new	ADJ
easat-4408	22	18	investors	investor	NOUN
easat-4408	22	19	emerging	emerge	VERB
easat-4408	22	20	since	since	SCONJ
easat-4408	22	21	2017	2017	NUM
easat-4408	22	22	with	with	ADP
easat-4408	22	23	internet	internet	NOUN
easat-4408	22	24	financial	financial	ADJ
easat-4408	22	25	instruments	instrument	NOUN
easat-4408	22	26	that	that	PRON
easat-4408	22	27	make	make	VERB
easat-4408	22	28	trading	trading	NOUN
easat-4408	22	29	stocks	stock	NOUN
easat-4408	22	30	and	and	CCONJ
easat-4408	22	31	cryptocurrencies	cryptocurrencie	NOUN
easat-4408	22	32	accessible	accessible	ADJ
easat-4408	22	33	to	to	ADP
easat-4408	22	34	the	the	DET
easat-4408	22	35	general	general	ADJ
easat-4408	22	36	public	public	NOUN
easat-4408	22	37	.	.	PUNCT
easat-4408	23	1	based	base	VERB
easat-4408	23	2	on	on	ADP
easat-4408	23	3	market	market	NOUN
easat-4408	23	4	sentiment	sentiment	NOUN
easat-4408	23	5	,	,	PUNCT
easat-4408	23	6	economic	economic	ADJ
easat-4408	23	7	events	event	NOUN
easat-4408	23	8	,	,	PUNCT
easat-4408	23	9	global	global	ADJ
easat-4408	23	10	https://orcid.org/0000-0003-3474-5169	https://orcid.org/0000-0003-3474-5169	NOUN
easat-4408	23	11	https://orcid.org/0009-0004-6234-4148	https://orcid.org/0009-0004-6234-4148	NOUN
easat-4408	23	12	9	9	NUM
easat-4408	23	13	edelweiss	edelweiss	PROPN
easat-4408	23	14	applied	apply	VERB
easat-4408	23	15	science	science	NOUN
easat-4408	23	16	and	and	CCONJ
easat-4408	23	17	technology	technology	NOUN
easat-4408	23	18	issn	issn	PROPN
easat-4408	23	19	:	:	PUNCT
easat-4408	23	20	2576	2576	NUM
easat-4408	23	21	-	-	SYM
easat-4408	23	22	8484	8484	NUM
easat-4408	23	23	vol	vol	NOUN
easat-4408	23	24	.	.	PROPN
easat-4408	24	1	9	9	NUM
easat-4408	24	2	,	,	PUNCT
easat-4408	24	3	no	no	INTJ
easat-4408	24	4	.	.	NOUN
easat-4408	24	5	2	2	NUM
easat-4408	24	6	:	:	SYM
easat-4408	24	7	8	8	NUM
easat-4408	24	8	-	-	SYM
easat-4408	24	9	15	15	NUM
easat-4408	24	10	,	,	PUNCT
easat-4408	24	11	2025	2025	NUM
easat-4408	24	12	doi	doi	NOUN
easat-4408	24	13	:	:	PUNCT
easat-4408	24	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	24	15	©	©	PROPN
easat-4408	24	16	2025	2025	NUM
easat-4408	24	17	by	by	ADP
easat-4408	24	18	the	the	DET
easat-4408	24	19	authors	author	NOUN
easat-4408	24	20	;	;	PUNCT
easat-4408	24	21	licensee	licensee	PROPN
easat-4408	24	22	learning	learn	VERB
easat-4408	24	23	gate	gate	NOUN
easat-4408	24	24	markets	market	NOUN
easat-4408	24	25	can	can	AUX
easat-4408	24	26	attract	attract	VERB
easat-4408	24	27	millions	million	NOUN
easat-4408	24	28	to	to	ADP
easat-4408	24	29	billions	billion	NOUN
easat-4408	24	30	of	of	ADP
easat-4408	24	31	trades	trade	NOUN
easat-4408	24	32	per	per	ADP
easat-4408	24	33	day	day	NOUN
easat-4408	24	34	.	.	PUNCT
easat-4408	25	1	as	as	ADP
easat-4408	25	2	of	of	ADP
easat-4408	25	3	the	the	DET
easat-4408	25	4	fourth	fourth	ADJ
easat-4408	25	5	quarter	quarter	NOUN
easat-4408	25	6	of	of	ADP
easat-4408	25	7	2022	2022	NUM
easat-4408	25	8	,	,	PUNCT
easat-4408	25	9	58,200	58,200	NUM
easat-4408	25	10	companies	company	NOUN
easat-4408	25	11	were	be	AUX
easat-4408	25	12	publicly	publicly	ADV
easat-4408	25	13	traded	trade	VERB
easat-4408	25	14	worldwide	worldwide	ADV
easat-4408	25	15	[	[	X
easat-4408	25	16	4	4	NUM
easat-4408	25	17	]	]	PUNCT
easat-4408	25	18	.	.	PUNCT
easat-4408	26	1	buy	buy	VERB
easat-4408	26	2	,	,	PUNCT
easat-4408	26	3	sell	sell	VERB
easat-4408	26	4	,	,	PUNCT
easat-4408	26	5	hold	hold	VERB
easat-4408	26	6	decisions	decision	NOUN
easat-4408	26	7	are	be	AUX
easat-4408	26	8	the	the	DET
easat-4408	26	9	essence	essence	NOUN
easat-4408	26	10	of	of	ADP
easat-4408	26	11	trading	trading	NOUN
easat-4408	26	12	[	[	X
easat-4408	26	13	5	5	NUM
easat-4408	26	14	]	]	PUNCT
easat-4408	26	15	.	.	PUNCT
easat-4408	27	1	these	these	DET
easat-4408	27	2	decisions	decision	NOUN
easat-4408	27	3	are	be	AUX
easat-4408	27	4	the	the	DET
easat-4408	27	5	result	result	NOUN
easat-4408	27	6	of	of	ADP
easat-4408	27	7	market	market	NOUN
easat-4408	27	8	analysis	analysis	NOUN
easat-4408	27	9	,	,	PUNCT
easat-4408	27	10	risk	risk	NOUN
easat-4408	27	11	management	management	NOUN
easat-4408	27	12	,	,	PUNCT
easat-4408	27	13	timing	timing	NOUN
easat-4408	27	14	and	and	CCONJ
easat-4408	27	15	execution	execution	NOUN
easat-4408	27	16	.	.	PUNCT
easat-4408	28	1	in	in	ADP
easat-4408	28	2	addition	addition	NOUN
easat-4408	28	3	to	to	ADP
easat-4408	28	4	the	the	DET
easat-4408	28	5	previously	previously	ADV
easat-4408	28	6	widely	widely	ADV
easat-4408	28	7	used	use	VERB
easat-4408	28	8	tools	tool	NOUN
easat-4408	28	9	as	as	ADP
easat-4408	28	10	earnings	earning	NOUN
easat-4408	28	11	reports	report	NOUN
easat-4408	28	12	and	and	CCONJ
easat-4408	28	13	financial	financial	ADJ
easat-4408	28	14	analysis	analysis	NOUN
easat-4408	28	15	channels	channel	NOUN
easat-4408	28	16	,	,	PUNCT
easat-4408	28	17	charts	chart	NOUN
easat-4408	28	18	,	,	PUNCT
easat-4408	28	19	news	news	NOUN
easat-4408	28	20	feeds	feed	NOUN
easat-4408	28	21	,	,	PUNCT
easat-4408	28	22	and	and	CCONJ
easat-4408	28	23	advanced	advanced	ADJ
easat-4408	28	24	trading	trading	NOUN
easat-4408	28	25	platforms	platform	NOUN
easat-4408	28	26	,	,	PUNCT
easat-4408	28	27	the	the	DET
easat-4408	28	28	internet	internet	NOUN
easat-4408	28	29	has	have	AUX
easat-4408	28	30	also	also	ADV
easat-4408	28	31	created	create	VERB
easat-4408	28	32	countless	countless	ADJ
easat-4408	28	33	sources	source	NOUN
easat-4408	28	34	of	of	ADP
easat-4408	28	35	information	information	NOUN
easat-4408	28	36	on	on	ADP
easat-4408	28	37	stock	stock	NOUN
easat-4408	28	38	movements	movement	NOUN
easat-4408	28	39	and	and	CCONJ
easat-4408	28	40	trading	trading	NOUN
easat-4408	28	41	strategy	strategy	NOUN
easat-4408	28	42	recommendations	recommendation	NOUN
easat-4408	28	43	on	on	ADP
easat-4408	28	44	social	social	ADJ
easat-4408	28	45	media	medium	NOUN
easat-4408	28	46	through	through	ADP
easat-4408	28	47	newsletters	newsletter	NOUN
easat-4408	28	48	,	,	PUNCT
easat-4408	28	49	youtube	youtube	NOUN
easat-4408	28	50	videos	video	NOUN
easat-4408	28	51	,	,	PUNCT
easat-4408	28	52	trading	trading	NOUN
easat-4408	28	53	activities	activity	NOUN
easat-4408	28	54	on	on	ADP
easat-4408	28	55	websites	website	NOUN
easat-4408	28	56	,	,	PUNCT
easat-4408	28	57	and	and	CCONJ
easat-4408	28	58	more	more	ADJ
easat-4408	28	59	,	,	PUNCT
easat-4408	28	60	including	include	VERB
easat-4408	28	61	short	short	ADJ
easat-4408	28	62	form	form	NOUN
easat-4408	28	63	content	content	NOUN
easat-4408	28	64	on	on	ADP
easat-4408	28	65	social	social	ADJ
easat-4408	28	66	media	medium	NOUN
easat-4408	28	67	,	,	PUNCT
easat-4408	28	68	which	which	PRON
easat-4408	28	69	can	can	AUX
easat-4408	28	70	be	be	AUX
easat-4408	28	71	an	an	DET
easat-4408	28	72	extremely	extremely	ADV
easat-4408	28	73	influental	influental	ADJ
easat-4408	28	74	tool	tool	NOUN
easat-4408	28	75	,	,	PUNCT
easat-4408	28	76	since	since	SCONJ
easat-4408	28	77	provokes	provoke	VERB
easat-4408	28	78	interest	interest	NOUN
easat-4408	28	79	with	with	ADP
easat-4408	28	80	little	little	ADJ
easat-4408	28	81	to	to	ADP
easat-4408	28	82	no	no	DET
easat-4408	28	83	background	background	NOUN
easat-4408	28	84	.	.	PUNCT
easat-4408	29	1	studies	study	NOUN
easat-4408	29	2	from	from	ADP
easat-4408	29	3	the	the	DET
easat-4408	29	4	1970s	1970	NOUN
easat-4408	29	5	have	have	AUX
easat-4408	29	6	proven	prove	VERB
easat-4408	29	7	that	that	SCONJ
easat-4408	29	8	rationality	rationality	NOUN
easat-4408	29	9	is	be	AUX
easat-4408	29	10	bounded	bound	VERB
easat-4408	29	11	because	because	SCONJ
easat-4408	29	12	decision	decision	NOUN
easat-4408	29	13	makers	maker	NOUN
easat-4408	29	14	have	have	AUX
easat-4408	29	15	limited	limit	VERB
easat-4408	29	16	information	information	NOUN
easat-4408	29	17	at	at	ADP
easat-4408	29	18	a	a	DET
easat-4408	29	19	given	give	VERB
easat-4408	29	20	moment	moment	NOUN
easat-4408	29	21	,	,	PUNCT
easat-4408	29	22	combinned	combinne	VERB
easat-4408	29	23	with	with	ADP
easat-4408	29	24	limited	limited	ADJ
easat-4408	29	25	cognitive	cognitive	ADJ
easat-4408	29	26	resources	resource	NOUN
easat-4408	29	27	to	to	PART
easat-4408	29	28	process	process	VERB
easat-4408	29	29	available	available	ADJ
easat-4408	29	30	information	information	NOUN
easat-4408	29	31	[	[	X
easat-4408	29	32	6	6	NUM
easat-4408	29	33	]	]	PUNCT
easat-4408	29	34	.	.	PUNCT
easat-4408	30	1	research	research	NOUN
easat-4408	30	2	in	in	ADP
easat-4408	30	3	behavioral	behavioral	ADJ
easat-4408	30	4	finance	finance	NOUN
easat-4408	30	5	and	and	CCONJ
easat-4408	30	6	the	the	DET
easat-4408	30	7	psychological	psychological	ADJ
easat-4408	30	8	aspects	aspect	NOUN
easat-4408	30	9	of	of	ADP
easat-4408	30	10	cognition	cognition	NOUN
easat-4408	30	11	and	and	CCONJ
easat-4408	30	12	decisionmaking	decisionmake	VERB
easat-4408	30	13	,	,	PUNCT
easat-4408	30	14	further	far	ADV
easat-4408	30	15	informs	inform	VERB
easat-4408	30	16	that	that	SCONJ
easat-4408	30	17	perspective	perspective	NOUN
easat-4408	30	18	plays	play	VERB
easat-4408	30	19	a	a	DET
easat-4408	30	20	key	key	ADJ
easat-4408	30	21	role	role	NOUN
easat-4408	30	22	in	in	ADP
easat-4408	30	23	the	the	DET
easat-4408	30	24	process	process	NOUN
easat-4408	30	25	,	,	PUNCT
easat-4408	30	26	and	and	CCONJ
easat-4408	30	27	that	that	SCONJ
easat-4408	30	28	our	our	PRON
easat-4408	30	29	brains	brain	NOUN
easat-4408	30	30	have	have	AUX
easat-4408	30	31	developed	develop	VERB
easat-4408	30	32	useful	useful	ADJ
easat-4408	30	33	mental	mental	ADJ
easat-4408	30	34	shortcuts	shortcut	NOUN
easat-4408	30	35	,	,	PUNCT
easat-4408	30	36	or	or	CCONJ
easat-4408	30	37	rules	rule	NOUN
easat-4408	30	38	of	of	ADP
easat-4408	30	39	thumb	thumb	NOUN
easat-4408	30	40	,	,	PUNCT
easat-4408	30	41	that	that	PRON
easat-4408	30	42	allow	allow	VERB
easat-4408	30	43	individuals	individual	NOUN
easat-4408	30	44	to	to	PART
easat-4408	30	45	make	make	VERB
easat-4408	30	46	decisions	decision	NOUN
easat-4408	30	47	,	,	PUNCT
easat-4408	30	48	or	or	CCONJ
easat-4408	30	49	solve	solve	VERB
easat-4408	30	50	problems	problem	NOUN
easat-4408	30	51	quickly	quickly	ADV
easat-4408	30	52	and	and	CCONJ
easat-4408	30	53	efficiently	efficiently	ADV
easat-4408	30	54	.	.	PUNCT
easat-4408	31	1	heuristics	heuristic	NOUN
easat-4408	31	2	,	,	PUNCT
easat-4408	31	3	the	the	DET
easat-4408	31	4	cognitive	cognitive	ADJ
easat-4408	31	5	strategies	strategy	NOUN
easat-4408	31	6	or	or	CCONJ
easat-4408	31	7	approaches	approach	NOUN
easat-4408	31	8	that	that	PRON
easat-4408	31	9	simplify	simplify	VERB
easat-4408	31	10	complex	complex	ADJ
easat-4408	31	11	tasks	task	NOUN
easat-4408	31	12	by	by	ADP
easat-4408	31	13	using	use	VERB
easat-4408	31	14	easily	easily	ADV
easat-4408	31	15	understood	understand	VERB
easat-4408	31	16	,	,	PUNCT
easat-4408	31	17	approximate	approximate	ADJ
easat-4408	31	18	,	,	PUNCT
easat-4408	31	19	or	or	CCONJ
easat-4408	31	20	"	"	PUNCT
easat-4408	31	21	good	good	ADJ
easat-4408	31	22	enough	enough	ADV
easat-4408	31	23	"	"	PUNCT
easat-4408	31	24	methods	method	NOUN
easat-4408	31	25	to	to	PART
easat-4408	31	26	come	come	VERB
easat-4408	31	27	to	to	ADP
easat-4408	31	28	a	a	DET
easat-4408	31	29	solution	solution	NOUN
easat-4408	31	30	,	,	PUNCT
easat-4408	31	31	even	even	ADV
easat-4408	31	32	if	if	SCONJ
easat-4408	31	33	it	it	PRON
easat-4408	31	34	may	may	AUX
easat-4408	31	35	not	not	PART
easat-4408	31	36	be	be	AUX
easat-4408	31	37	the	the	DET
easat-4408	31	38	most	most	ADV
easat-4408	31	39	accurate	accurate	ADJ
easat-4408	31	40	or	or	CCONJ
easat-4408	31	41	optimal	optimal	ADJ
easat-4408	31	42	one	one	NOUN
easat-4408	31	43	[	[	X
easat-4408	31	44	7	7	NUM
easat-4408	31	45	]	]	PUNCT
easat-4408	31	46	.	.	PUNCT
easat-4408	32	1	they	they	PRON
easat-4408	32	2	help	help	VERB
easat-4408	32	3	individuals	individual	NOUN
easat-4408	32	4	make	make	VERB
easat-4408	32	5	reasonably	reasonably	ADV
easat-4408	32	6	informed	informed	ADJ
easat-4408	32	7	decisions	decision	NOUN
easat-4408	32	8	or	or	CCONJ
easat-4408	32	9	judgments	judgment	NOUN
easat-4408	32	10	without	without	ADP
easat-4408	32	11	engaging	engage	VERB
easat-4408	32	12	in	in	ADP
easat-4408	32	13	exhaustive	exhaustive	ADJ
easat-4408	32	14	analysis	analysis	NOUN
easat-4408	32	15	or	or	CCONJ
easat-4408	32	16	calculation	calculation	NOUN
easat-4408	32	17	.	.	PUNCT
easat-4408	33	1	however	however	ADV
easat-4408	33	2	,	,	PUNCT
easat-4408	33	3	because	because	SCONJ
easat-4408	33	4	heuristics	heuristic	NOUN
easat-4408	33	5	rely	rely	VERB
easat-4408	33	6	on	on	ADP
easat-4408	33	7	simplifications	simplification	NOUN
easat-4408	33	8	and	and	CCONJ
easat-4408	33	9	generalizations	generalization	NOUN
easat-4408	33	10	,	,	PUNCT
easat-4408	33	11	they	they	PRON
easat-4408	33	12	can	can	AUX
easat-4408	33	13	sometimes	sometimes	ADV
easat-4408	33	14	lead	lead	VERB
easat-4408	33	15	to	to	ADP
easat-4408	33	16	errors	error	NOUN
easat-4408	33	17	or	or	CCONJ
easat-4408	33	18	biases	bias	NOUN
easat-4408	33	19	,	,	PUNCT
easat-4408	33	20	known	know	VERB
easat-4408	33	21	as	as	ADP
easat-4408	33	22	heuristic	heuristic	ADJ
easat-4408	33	23	biases	bias	NOUN
easat-4408	33	24	,	,	PUNCT
easat-4408	33	25	in	in	ADP
easat-4408	33	26	specific	specific	ADJ
easat-4408	33	27	circumstances	circumstance	NOUN
easat-4408	33	28	[	[	X
easat-4408	33	29	8	8	NUM
easat-4408	33	30	]	]	PUNCT
easat-4408	33	31	.	.	PUNCT
easat-4408	34	1	the	the	DET
easat-4408	34	2	study	study	NOUN
easat-4408	34	3	of	of	ADP
easat-4408	34	4	psychological	psychological	ADJ
easat-4408	34	5	factors	factor	NOUN
easat-4408	34	6	affecting	affect	VERB
easat-4408	34	7	stock	stock	NOUN
easat-4408	34	8	trading	trading	NOUN
easat-4408	34	9	is	be	AUX
easat-4408	34	10	important	important	ADJ
easat-4408	34	11	for	for	ADP
easat-4408	34	12	several	several	ADJ
easat-4408	34	13	reasons	reason	NOUN
easat-4408	34	14	.	.	PUNCT
easat-4408	35	1	behavioral	behavioral	ADJ
easat-4408	35	2	finance	finance	NOUN
easat-4408	35	3	,	,	PUNCT
easat-4408	35	4	a	a	DET
easat-4408	35	5	field	field	NOUN
easat-4408	35	6	that	that	PRON
easat-4408	35	7	combines	combine	VERB
easat-4408	35	8	psychology	psychology	NOUN
easat-4408	35	9	and	and	CCONJ
easat-4408	35	10	economics	economic	NOUN
easat-4408	35	11	,	,	PUNCT
easat-4408	35	12	provides	provide	VERB
easat-4408	35	13	insights	insight	NOUN
easat-4408	35	14	into	into	ADP
easat-4408	35	15	why	why	SCONJ
easat-4408	35	16	investors	investor	NOUN
easat-4408	35	17	make	make	VERB
easat-4408	35	18	irrational	irrational	ADJ
easat-4408	35	19	decisions	decision	NOUN
easat-4408	35	20	that	that	PRON
easat-4408	35	21	deviate	deviate	VERB
easat-4408	35	22	from	from	ADP
easat-4408	35	23	traditional	traditional	ADJ
easat-4408	35	24	financial	financial	ADJ
easat-4408	35	25	theories	theory	NOUN
easat-4408	35	26	.	.	PUNCT
easat-4408	36	1	understanding	understand	VERB
easat-4408	36	2	these	these	DET
easat-4408	36	3	factors	factor	NOUN
easat-4408	36	4	can	can	AUX
easat-4408	36	5	significantly	significantly	ADV
easat-4408	36	6	enhance	enhance	VERB
easat-4408	36	7	market	market	NOUN
easat-4408	36	8	stability	stability	NOUN
easat-4408	36	9	,	,	PUNCT
easat-4408	36	10	investment	investment	NOUN
easat-4408	36	11	strategies	strategy	NOUN
easat-4408	36	12	,	,	PUNCT
easat-4408	36	13	and	and	CCONJ
easat-4408	36	14	risk	risk	NOUN
easat-4408	36	15	management	management	NOUN
easat-4408	37	1	[	[	X
easat-4408	37	2	9	9	NUM
easat-4408	37	3	]	]	PUNCT
easat-4408	37	4	.	.	PUNCT
easat-4408	38	1	investors	investor	NOUN
easat-4408	38	2	are	be	AUX
easat-4408	38	3	affected	affect	VERB
easat-4408	38	4	by	by	ADP
easat-4408	38	5	cognitive	cognitive	ADJ
easat-4408	38	6	biases	bias	NOUN
easat-4408	38	7	that	that	PRON
easat-4408	38	8	lead	lead	VERB
easat-4408	38	9	to	to	ADP
easat-4408	38	10	suboptimal	suboptimal	ADJ
easat-4408	38	11	investment	investment	NOUN
easat-4408	38	12	decisions	decision	NOUN
easat-4408	38	13	.	.	PUNCT
easat-4408	39	1	biases	bias	NOUN
easat-4408	39	2	such	such	ADJ
easat-4408	39	3	as	as	ADP
easat-4408	39	4	overconfidence	overconfidence	NOUN
easat-4408	39	5	,	,	PUNCT
easat-4408	39	6	herd	herd	NOUN
easat-4408	39	7	behavior	behavior	NOUN
easat-4408	39	8	,	,	PUNCT
easat-4408	39	9	and	and	CCONJ
easat-4408	39	10	loss	loss	NOUN
easat-4408	39	11	aversion	aversion	NOUN
easat-4408	39	12	can	can	AUX
easat-4408	39	13	lead	lead	VERB
easat-4408	39	14	to	to	ADP
easat-4408	39	15	significant	significant	ADJ
easat-4408	39	16	financial	financial	ADJ
easat-4408	39	17	losses	loss	NOUN
easat-4408	39	18	[	[	X
easat-4408	39	19	10	10	NUM
easat-4408	39	20	]	]	PUNCT
easat-4408	39	21	.	.	PUNCT
easat-4408	40	1	for	for	ADP
easat-4408	40	2	example	example	NOUN
easat-4408	40	3	,	,	PUNCT
easat-4408	40	4	overconfident	overconfident	ADJ
easat-4408	40	5	investors	investor	NOUN
easat-4408	40	6	may	may	AUX
easat-4408	40	7	underestimate	underestimate	VERB
easat-4408	40	8	risks	risk	NOUN
easat-4408	40	9	and	and	CCONJ
easat-4408	40	10	trade	trade	NOUN
easat-4408	40	11	,	,	PUNCT
easat-4408	40	12	while	while	SCONJ
easat-4408	40	13	herd	herd	NOUN
easat-4408	40	14	behavior	behavior	NOUN
easat-4408	40	15	may	may	AUX
easat-4408	40	16	cause	cause	VERB
easat-4408	40	17	the	the	DET
easat-4408	40	18	market	market	NOUN
easat-4408	40	19	to	to	PART
easat-4408	40	20	overreact	overreact	VERB
easat-4408	40	21	to	to	ADP
easat-4408	40	22	news	news	NOUN
easat-4408	40	23	.	.	PUNCT
easat-4408	41	1	research	research	NOUN
easat-4408	41	2	has	have	AUX
easat-4408	41	3	shown	show	VERB
easat-4408	41	4	that	that	SCONJ
easat-4408	41	5	these	these	DET
easat-4408	41	6	biases	bias	NOUN
easat-4408	41	7	can	can	AUX
easat-4408	41	8	lead	lead	VERB
easat-4408	41	9	to	to	ADP
easat-4408	41	10	mispricing	misprice	VERB
easat-4408	41	11	of	of	ADP
easat-4408	41	12	assets	asset	NOUN
easat-4408	41	13	and	and	CCONJ
easat-4408	41	14	increased	increase	VERB
easat-4408	41	15	market	market	NOUN
easat-4408	41	16	volatility	volatility	NOUN
easat-4408	41	17	.	.	PUNCT
easat-4408	42	1	overconfident	overconfident	ADJ
easat-4408	42	2	investors	investor	NOUN
easat-4408	42	3	can	can	AUX
easat-4408	42	4	fuel	fuel	VERB
easat-4408	42	5	market	market	NOUN
easat-4408	42	6	volatility	volatility	NOUN
easat-4408	42	7	by	by	ADP
easat-4408	42	8	making	make	VERB
easat-4408	42	9	excessive	excessive	ADJ
easat-4408	42	10	trades	trade	NOUN
easat-4408	42	11	based	base	VERB
easat-4408	42	12	on	on	ADP
easat-4408	42	13	undue	undue	ADJ
easat-4408	42	14	confidence	confidence	NOUN
easat-4408	42	15	in	in	ADP
easat-4408	42	16	their	their	PRON
easat-4408	42	17	forecasting	forecasting	NOUN
easat-4408	42	18	abilities	ability	NOUN
easat-4408	42	19	[	[	X
easat-4408	42	20	11	11	NUM
easat-4408	42	21	]	]	PUNCT
easat-4408	42	22	.	.	PUNCT
easat-4408	43	1	by	by	ADP
easat-4408	43	2	understanding	understand	VERB
easat-4408	43	3	and	and	CCONJ
easat-4408	43	4	mitigating	mitigate	VERB
easat-4408	43	5	these	these	DET
easat-4408	43	6	biases	bias	NOUN
easat-4408	43	7	,	,	PUNCT
easat-4408	43	8	investors	investor	NOUN
easat-4408	43	9	can	can	AUX
easat-4408	43	10	make	make	VERB
easat-4408	43	11	more	more	ADJ
easat-4408	43	12	rational	rational	ADJ
easat-4408	43	13	decisions	decision	NOUN
easat-4408	43	14	,	,	PUNCT
easat-4408	43	15	leading	lead	VERB
easat-4408	43	16	to	to	ADP
easat-4408	43	17	improved	improve	VERB
easat-4408	43	18	financial	financial	ADJ
easat-4408	43	19	performance	performance	NOUN
easat-4408	43	20	.	.	PUNCT
easat-4408	44	1	another	another	DET
easat-4408	44	2	important	important	ADJ
easat-4408	44	3	aspect	aspect	NOUN
easat-4408	44	4	is	be	AUX
easat-4408	44	5	the	the	DET
easat-4408	44	6	effective	effective	ADJ
easat-4408	44	7	risk	risk	NOUN
easat-4408	44	8	management	management	NOUN
easat-4408	44	9	,	,	PUNCT
easat-4408	44	10	which	which	PRON
easat-4408	44	11	is	be	AUX
easat-4408	44	12	important	important	ADJ
easat-4408	44	13	for	for	ADP
easat-4408	44	14	both	both	PRON
easat-4408	44	15	individual	individual	ADJ
easat-4408	44	16	investors	investor	NOUN
easat-4408	44	17	and	and	CCONJ
easat-4408	44	18	financial	financial	ADJ
easat-4408	44	19	institutions	institution	NOUN
easat-4408	44	20	.	.	PUNCT
easat-4408	45	1	cross	cross	ADJ
easat-4408	45	2	-	-	ADJ
easat-4408	45	3	cultural	cultural	ADJ
easat-4408	45	4	studies	study	NOUN
easat-4408	45	5	examine	examine	VERB
easat-4408	45	6	how	how	SCONJ
easat-4408	45	7	cultural	cultural	ADJ
easat-4408	45	8	factors	factor	NOUN
easat-4408	45	9	influence	influence	VERB
easat-4408	45	10	financial	financial	ADJ
easat-4408	45	11	behavior	behavior	NOUN
easat-4408	45	12	.	.	PUNCT
easat-4408	46	1	for	for	ADP
easat-4408	46	2	example	example	NOUN
easat-4408	46	3	,	,	PUNCT
easat-4408	46	4	research	research	NOUN
easat-4408	46	5	by	by	ADP
easat-4408	46	6	chui	chui	PROPN
easat-4408	46	7	,	,	PUNCT
easat-4408	46	8	et	et	PROPN
easat-4408	46	9	al	al	PROPN
easat-4408	46	10	.	.	PUNCT
easat-4408	47	1	[	[	X
easat-4408	47	2	12	12	NUM
easat-4408	47	3	]	]	PUNCT
easat-4408	47	4	suggests	suggest	VERB
easat-4408	47	5	that	that	SCONJ
easat-4408	47	6	individualism	individualism	NOUN
easat-4408	47	7	versus	versus	ADP
easat-4408	47	8	collectivism	collectivism	NOUN
easat-4408	47	9	influences	influence	VERB
easat-4408	47	10	investment	investment	NOUN
easat-4408	47	11	decisions	decision	NOUN
easat-4408	47	12	and	and	CCONJ
easat-4408	47	13	market	market	NOUN
easat-4408	47	14	outcomes	outcome	NOUN
easat-4408	47	15	.	.	PUNCT
easat-4408	48	1	many	many	ADJ
easat-4408	48	2	monographs	monograph	NOUN
easat-4408	48	3	have	have	AUX
easat-4408	48	4	been	be	AUX
easat-4408	48	5	published	publish	VERB
easat-4408	48	6	in	in	ADP
easat-4408	48	7	the	the	DET
easat-4408	48	8	international	international	ADJ
easat-4408	48	9	academic	academic	ADJ
easat-4408	48	10	community	community	NOUN
easat-4408	48	11	on	on	ADP
easat-4408	48	12	various	various	ADJ
easat-4408	48	13	heuristics	heuristic	NOUN
easat-4408	48	14	and	and	CCONJ
easat-4408	48	15	biases	bias	NOUN
easat-4408	48	16	and	and	CCONJ
easat-4408	48	17	how	how	SCONJ
easat-4408	48	18	these	these	DET
easat-4408	48	19	phenomena	phenomenon	NOUN
easat-4408	48	20	can	can	AUX
easat-4408	48	21	directly	directly	ADV
easat-4408	48	22	influence	influence	VERB
easat-4408	48	23	investor	investor	NOUN
easat-4408	48	24	behavior	behavior	NOUN
easat-4408	48	25	.	.	PUNCT
easat-4408	49	1	however	however	ADV
easat-4408	49	2	,	,	PUNCT
easat-4408	49	3	we	we	PRON
easat-4408	49	4	could	could	AUX
easat-4408	49	5	find	find	VERB
easat-4408	49	6	no	no	DET
easat-4408	49	7	direct	direct	ADJ
easat-4408	49	8	research	research	NOUN
easat-4408	49	9	on	on	ADP
easat-4408	49	10	how	how	SCONJ
easat-4408	49	11	these	these	DET
easat-4408	49	12	phenomena	phenomenon	NOUN
easat-4408	49	13	relate	relate	VERB
easat-4408	49	14	to	to	ADP
easat-4408	49	15	investor	investor	NOUN
easat-4408	49	16	psychological	psychological	ADJ
easat-4408	49	17	characteristics	characteristic	NOUN
easat-4408	49	18	,	,	PUNCT
easat-4408	49	19	whether	whether	SCONJ
easat-4408	49	20	there	there	PRON
easat-4408	49	21	is	be	VERB
easat-4408	49	22	a	a	DET
easat-4408	49	23	psychological	psychological	ADJ
easat-4408	49	24	antecedent	antecedent	NOUN
easat-4408	49	25	to	to	ADP
easat-4408	49	26	biased	bias	VERB
easat-4408	49	27	investor	investor	NOUN
easat-4408	49	28	behavior	behavior	NOUN
easat-4408	49	29	,	,	PUNCT
easat-4408	49	30	or	or	CCONJ
easat-4408	49	31	whether	whether	SCONJ
easat-4408	49	32	certain	certain	ADJ
easat-4408	49	33	personality	personality	NOUN
easat-4408	49	34	or	or	CCONJ
easat-4408	49	35	decision	decision	NOUN
easat-4408	49	36	-	-	PUNCT
easat-4408	49	37	making	make	VERB
easat-4408	49	38	types	type	NOUN
easat-4408	49	39	types	type	NOUN
easat-4408	49	40	have	have	VERB
easat-4408	49	41	any	any	DET
easat-4408	49	42	influence	influence	NOUN
easat-4408	49	43	on	on	ADP
easat-4408	49	44	biased	biased	ADJ
easat-4408	49	45	behavior	behavior	NOUN
easat-4408	49	46	.	.	PUNCT
easat-4408	50	1	are	be	AUX
easat-4408	50	2	biases	bias	NOUN
easat-4408	50	3	and	and	CCONJ
easat-4408	50	4	heuristics	heuristic	VERB
easat-4408	50	5	universal	universal	ADJ
easat-4408	50	6	flaws	flaw	NOUN
easat-4408	50	7	that	that	PRON
easat-4408	50	8	can	can	AUX
easat-4408	50	9	not	not	PART
easat-4408	50	10	be	be	AUX
easat-4408	50	11	further	far	ADV
easat-4408	50	12	influenced	influence	VERB
easat-4408	50	13	by	by	ADP
easat-4408	50	14	other	other	ADJ
easat-4408	50	15	psychological	psychological	ADJ
easat-4408	50	16	traits	trait	NOUN
easat-4408	50	17	?	?	PUNCT
easat-4408	51	1	in	in	ADP
easat-4408	51	2	addition	addition	NOUN
easat-4408	51	3	,	,	PUNCT
easat-4408	51	4	in	in	ADP
easat-4408	51	5	best	good	ADJ
easat-4408	51	6	of	of	ADP
easat-4408	51	7	our	our	PRON
easat-4408	51	8	knowledge	knowledge	NOUN
easat-4408	51	9	,	,	PUNCT
easat-4408	51	10	no	no	DET
easat-4408	51	11	attempts	attempt	NOUN
easat-4408	51	12	were	be	AUX
easat-4408	51	13	made	make	VERB
easat-4408	51	14	to	to	PART
easat-4408	51	15	study	study	VERB
easat-4408	51	16	the	the	DET
easat-4408	51	17	above	above	ADV
easat-4408	51	18	mentioned	mention	VERB
easat-4408	51	19	personality	personality	NOUN
easat-4408	51	20	characteristics	characteristic	NOUN
easat-4408	51	21	of	of	ADP
easat-4408	51	22	investors	investor	NOUN
easat-4408	51	23	in	in	ADP
easat-4408	51	24	armenia	armenia	PROPN
easat-4408	51	25	in	in	ADP
easat-4408	51	26	order	order	NOUN
easat-4408	51	27	to	to	PART
easat-4408	51	28	compare	compare	VERB
easat-4408	51	29	them	they	PRON
easat-4408	51	30	with	with	ADP
easat-4408	51	31	investors	investor	NOUN
easat-4408	51	32	from	from	ADP
easat-4408	51	33	other	other	ADJ
easat-4408	51	34	countries	country	NOUN
easat-4408	51	35	.	.	PUNCT
easat-4408	52	1	this	this	DET
easat-4408	52	2	work	work	NOUN
easat-4408	52	3	attempts	attempt	VERB
easat-4408	52	4	to	to	PART
easat-4408	52	5	understand	understand	VERB
easat-4408	52	6	the	the	DET
easat-4408	52	7	effects	effect	NOUN
easat-4408	52	8	of	of	ADP
easat-4408	52	9	the	the	DET
easat-4408	52	10	armenian	armenian	ADJ
easat-4408	52	11	reality	reality	NOUN
easat-4408	52	12	and	and	CCONJ
easat-4408	52	13	the	the	DET
easat-4408	52	14	armenian	armenian	ADJ
easat-4408	52	15	national	national	ADJ
easat-4408	52	16	financial	financial	ADJ
easat-4408	52	17	mindset	mindset	NOUN
easat-4408	52	18	on	on	ADP
easat-4408	52	19	investment	investment	NOUN
easat-4408	52	20	behavior	behavior	NOUN
easat-4408	52	21	,	,	PUNCT
easat-4408	52	22	an	an	DET
easat-4408	52	23	attempt	attempt	NOUN
easat-4408	52	24	to	to	PART
easat-4408	52	25	understand	understand	VERB
easat-4408	52	26	whether	whether	SCONJ
easat-4408	52	27	the	the	DET
easat-4408	52	28	relatively	relatively	ADV
easat-4408	52	29	low	low	ADJ
easat-4408	52	30	level	level	NOUN
easat-4408	52	31	of	of	ADP
easat-4408	52	32	mass	mass	ADJ
easat-4408	52	33	financial	financial	ADJ
easat-4408	52	34	literacy	literacy	NOUN
easat-4408	52	35	has	have	VERB
easat-4408	52	36	any	any	DET
easat-4408	52	37	effect	effect	NOUN
easat-4408	52	38	on	on	ADP
easat-4408	52	39	investment	investment	NOUN
easat-4408	52	40	decision	decision	NOUN
easat-4408	52	41	-	-	PUNCT
easat-4408	52	42	making	making	NOUN
easat-4408	52	43	.	.	PUNCT
easat-4408	53	1	these	these	DET
easat-4408	53	2	issues	issue	NOUN
easat-4408	53	3	have	have	AUX
easat-4408	53	4	been	be	AUX
easat-4408	53	5	identified	identify	VERB
easat-4408	53	6	by	by	ADP
easat-4408	53	7	our	our	PRON
easat-4408	53	8	team	team	NOUN
easat-4408	53	9	as	as	ADP
easat-4408	53	10	subject	subject	NOUN
easat-4408	53	11	research	research	NOUN
easat-4408	53	12	gaps	gap	NOUN
easat-4408	53	13	.	.	PUNCT
easat-4408	54	1	the	the	DET
easat-4408	54	2	aim	aim	NOUN
easat-4408	54	3	of	of	ADP
easat-4408	54	4	our	our	PRON
easat-4408	54	5	research	research	NOUN
easat-4408	54	6	is	be	AUX
easat-4408	54	7	to	to	PART
easat-4408	54	8	identify	identify	VERB
easat-4408	54	9	if	if	SCONJ
easat-4408	54	10	psychological	psychological	ADJ
easat-4408	54	11	characteristics	characteristic	NOUN
easat-4408	54	12	and	and	CCONJ
easat-4408	54	13	biases	bias	NOUN
easat-4408	54	14	of	of	ADP
easat-4408	54	15	decision	decision	NOUN
easat-4408	54	16	-	-	PUNCT
easat-4408	54	17	making	making	NOUN
easat-4408	54	18	,	,	PUNCT
easat-4408	54	19	combined	combine	VERB
easat-4408	54	20	with	with	ADP
easat-4408	54	21	the	the	DET
easat-4408	54	22	investor	investor	NOUN
easat-4408	54	23	's	's	PART
easat-4408	54	24	financial	financial	ADJ
easat-4408	54	25	literacy	literacy	NOUN
easat-4408	54	26	,	,	PUNCT
easat-4408	54	27	condition	condition	NOUN
easat-4408	54	28	positive	positive	ADJ
easat-4408	54	29	outcome	outcome	NOUN
easat-4408	54	30	and	and	CCONJ
easat-4408	54	31	efficiency	efficiency	NOUN
easat-4408	54	32	expectations	expectation	NOUN
easat-4408	54	33	,	,	PUNCT
easat-4408	54	34	which	which	PRON
easat-4408	54	35	are	be	AUX
easat-4408	54	36	reflected	reflect	VERB
easat-4408	54	37	in	in	ADP
easat-4408	54	38	the	the	DET
easat-4408	54	39	investment	investment	NOUN
easat-4408	54	40	style	style	NOUN
easat-4408	54	41	of	of	ADP
easat-4408	54	42	investors	investor	NOUN
easat-4408	54	43	.	.	PUNCT
easat-4408	55	1	10	10	NUM
easat-4408	55	2	edelweiss	edelweiss	PROPN
easat-4408	55	3	applied	apply	VERB
easat-4408	55	4	science	science	NOUN
easat-4408	55	5	and	and	CCONJ
easat-4408	55	6	technology	technology	NOUN
easat-4408	55	7	issn	issn	PROPN
easat-4408	55	8	:	:	PUNCT
easat-4408	55	9	2576	2576	NUM
easat-4408	55	10	-	-	SYM
easat-4408	55	11	8484	8484	NUM
easat-4408	55	12	vol	vol	NOUN
easat-4408	55	13	.	.	PROPN
easat-4408	56	1	9	9	NUM
easat-4408	56	2	,	,	PUNCT
easat-4408	56	3	no	no	INTJ
easat-4408	56	4	.	.	NOUN
easat-4408	56	5	2	2	NUM
easat-4408	56	6	:	:	SYM
easat-4408	56	7	8	8	NUM
easat-4408	56	8	-	-	SYM
easat-4408	56	9	15	15	NUM
easat-4408	56	10	,	,	PUNCT
easat-4408	56	11	2025	2025	NUM
easat-4408	56	12	doi	doi	NOUN
easat-4408	56	13	:	:	PUNCT
easat-4408	56	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	56	15	©	©	PROPN
easat-4408	56	16	2025	2025	NUM
easat-4408	56	17	by	by	ADP
easat-4408	56	18	the	the	DET
easat-4408	56	19	authors	author	NOUN
easat-4408	56	20	;	;	PUNCT
easat-4408	56	21	licensee	licensee	PROPN
easat-4408	56	22	learning	learning	NOUN
easat-4408	56	23	gate	gate	NOUN
easat-4408	56	24	2	2	NUM
easat-4408	56	25	.	.	PUNCT
easat-4408	56	26	materials	material	NOUN
easat-4408	56	27	and	and	CCONJ
easat-4408	56	28	methods	method	NOUN
easat-4408	56	29	the	the	DET
easat-4408	56	30	thorethical	thorethical	ADJ
easat-4408	56	31	bases	basis	NOUN
easat-4408	56	32	of	of	ADP
easat-4408	56	33	our	our	PRON
easat-4408	56	34	research	research	NOUN
easat-4408	56	35	was	be	AUX
easat-4408	56	36	built	build	VERB
easat-4408	56	37	on	on	ADP
easat-4408	56	38	following	follow	VERB
easat-4408	56	39	fundamental	fundamental	ADJ
easat-4408	56	40	pillars	pillar	NOUN
easat-4408	56	41	:	:	PUNCT
easat-4408	56	42	•	•	NUM
easat-4408	56	43	bounded	bound	VERB
easat-4408	56	44	rationality	rationality	NOUN
easat-4408	56	45	model	model	NOUN
easat-4408	56	46	(	(	PUNCT
easat-4408	56	47	herbert	herbert	PROPN
easat-4408	56	48	simon	simon	PROPN
easat-4408	56	49	)	)	PUNCT
easat-4408	56	50	this	this	DET
easat-4408	56	51	model	model	NOUN
easat-4408	56	52	proposed	propose	VERB
easat-4408	56	53	by	by	ADP
easat-4408	56	54	herbert	herbert	PROPN
easat-4408	56	55	simon	simon	PROPN
easat-4408	56	56	assumes	assume	VERB
easat-4408	56	57	that	that	SCONJ
easat-4408	56	58	individuals	individual	NOUN
easat-4408	56	59	are	be	AUX
easat-4408	56	60	limited	limit	VERB
easat-4408	56	61	in	in	ADP
easat-4408	56	62	their	their	PRON
easat-4408	56	63	ability	ability	NOUN
easat-4408	56	64	to	to	PART
easat-4408	56	65	make	make	VERB
easat-4408	56	66	decisions	decision	NOUN
easat-4408	56	67	by	by	ADP
easat-4408	56	68	the	the	DET
easat-4408	56	69	information	information	NOUN
easat-4408	56	70	they	they	PRON
easat-4408	56	71	have	have	VERB
easat-4408	56	72	,	,	PUNCT
easat-4408	56	73	the	the	DET
easat-4408	56	74	cognitive	cognitive	ADJ
easat-4408	56	75	limitations	limitation	NOUN
easat-4408	56	76	of	of	ADP
easat-4408	56	77	the	the	DET
easat-4408	56	78	mind	mind	NOUN
easat-4408	56	79	,	,	PUNCT
easat-4408	56	80	and	and	CCONJ
easat-4408	56	81	the	the	DET
easat-4408	56	82	limited	limited	ADJ
easat-4408	56	83	time	time	NOUN
easat-4408	56	84	they	they	PRON
easat-4408	56	85	have	have	VERB
easat-4408	56	86	to	to	PART
easat-4408	56	87	make	make	VERB
easat-4408	56	88	decisions	decision	NOUN
easat-4408	56	89	.	.	PUNCT
easat-4408	57	1	instead	instead	ADV
easat-4408	57	2	of	of	ADP
easat-4408	57	3	seeking	seek	VERB
easat-4408	57	4	an	an	DET
easat-4408	57	5	optimal	optimal	ADJ
easat-4408	57	6	solution	solution	NOUN
easat-4408	57	7	,	,	PUNCT
easat-4408	57	8	people	people	NOUN
easat-4408	57	9	often	often	ADV
easat-4408	57	10	settle	settle	VERB
easat-4408	57	11	for	for	ADP
easat-4408	57	12	a	a	DET
easat-4408	57	13	satisfactory	satisfactory	ADJ
easat-4408	57	14	solution	solution	NOUN
easat-4408	57	15	.	.	PUNCT
easat-4408	58	1	•	•	NUM
easat-4408	58	2	prospect	prospect	NOUN
easat-4408	58	3	theory	theory	NOUN
easat-4408	58	4	(	(	PUNCT
easat-4408	58	5	daniel	daniel	PROPN
easat-4408	58	6	kahneman	kahneman	PROPN
easat-4408	58	7	and	and	CCONJ
easat-4408	58	8	amos	amos	PROPN
easat-4408	58	9	tversky	tversky	PROPN
easat-4408	58	10	)	)	PUNCT
easat-4408	58	11	the	the	DET
easat-4408	58	12	theory	theory	NOUN
easat-4408	58	13	describes	describe	VERB
easat-4408	58	14	how	how	SCONJ
easat-4408	58	15	people	people	NOUN
easat-4408	58	16	choose	choose	VERB
easat-4408	58	17	between	between	ADP
easat-4408	58	18	possible	possible	ADJ
easat-4408	58	19	alternatives	alternative	NOUN
easat-4408	58	20	that	that	PRON
easat-4408	58	21	involve	involve	VERB
easat-4408	58	22	risk	risk	NOUN
easat-4408	58	23	.	.	PUNCT
easat-4408	59	1	it	it	PRON
easat-4408	59	2	shows	show	VERB
easat-4408	59	3	that	that	SCONJ
easat-4408	59	4	people	people	NOUN
easat-4408	59	5	value	value	VERB
easat-4408	59	6	gains	gain	NOUN
easat-4408	59	7	and	and	CCONJ
easat-4408	59	8	losses	loss	NOUN
easat-4408	59	9	differently	differently	ADV
easat-4408	59	10	,	,	PUNCT
easat-4408	59	11	which	which	PRON
easat-4408	59	12	leads	lead	VERB
easat-4408	59	13	to	to	ADP
easat-4408	59	14	irrational	irrational	ADJ
easat-4408	59	15	decision	decision	NOUN
easat-4408	59	16	making	making	NOUN
easat-4408	59	17	.	.	PUNCT
easat-4408	60	1	•	•	NUM
easat-4408	60	2	the	the	DET
easat-4408	60	3	myers	myers	PROPN
easat-4408	60	4	-	-	PUNCT
easat-4408	60	5	briggs	briggs	PROPN
easat-4408	60	6	type	type	PROPN
easat-4408	60	7	indicator	indicator	NOUN
easat-4408	60	8	(	(	PUNCT
easat-4408	60	9	mbti	mbti	PROPN
easat-4408	60	10	)	)	PUNCT
easat-4408	60	11	typology	typology	NOUN
easat-4408	60	12	of	of	ADP
easat-4408	60	13	personality	personality	NOUN
easat-4408	60	14	traits	trait	NOUN
easat-4408	60	15	,	,	PUNCT
easat-4408	60	16	designed	design	VERB
easat-4408	60	17	to	to	PART
easat-4408	60	18	measure	measure	VERB
easat-4408	60	19	individual	individual	ADJ
easat-4408	60	20	personality	personality	NOUN
easat-4408	60	21	types	type	NOUN
easat-4408	60	22	based	base	VERB
easat-4408	60	23	on	on	ADP
easat-4408	60	24	carl	carl	PROPN
easat-4408	60	25	jung	jung	PROPN
easat-4408	60	26	's	's	PART
easat-4408	60	27	theory	theory	NOUN
easat-4408	60	28	of	of	ADP
easat-4408	60	29	psychological	psychological	ADJ
easat-4408	60	30	types	type	NOUN
easat-4408	60	31	.	.	PUNCT
easat-4408	61	1	•	•	NUM
easat-4408	61	2	markowitz	markowitz	PROPN
easat-4408	61	3	's	's	PART
easat-4408	61	4	risk	risk	NOUN
easat-4408	61	5	-	-	PUNCT
easat-4408	61	6	return	return	NOUN
easat-4408	61	7	framework	framework	NOUN
easat-4408	61	8	,	,	PUNCT
easat-4408	61	9	which	which	PRON
easat-4408	61	10	is	be	AUX
easat-4408	61	11	fundamental	fundamental	ADJ
easat-4408	61	12	to	to	ADP
easat-4408	61	13	finance	finance	NOUN
easat-4408	61	14	and	and	CCONJ
easat-4408	61	15	investment	investment	NOUN
easat-4408	61	16	theory	theory	NOUN
easat-4408	61	17	.	.	PUNCT
easat-4408	62	1	it	it	PRON
easat-4408	62	2	assumes	assume	VERB
easat-4408	62	3	that	that	SCONJ
easat-4408	62	4	the	the	DET
easat-4408	62	5	potential	potential	ADJ
easat-4408	62	6	return	return	NOUN
easat-4408	62	7	of	of	ADP
easat-4408	62	8	any	any	DET
easat-4408	62	9	investment	investment	NOUN
easat-4408	62	10	is	be	AUX
easat-4408	62	11	correlated	correlate	VERB
easat-4408	62	12	with	with	ADP
easat-4408	62	13	the	the	DET
easat-4408	62	14	amount	amount	NOUN
easat-4408	62	15	of	of	ADP
easat-4408	62	16	risk	risk	NOUN
easat-4408	62	17	the	the	DET
easat-4408	62	18	investor	investor	NOUN
easat-4408	62	19	is	be	AUX
easat-4408	62	20	willing	willing	ADJ
easat-4408	62	21	to	to	PART
easat-4408	62	22	take	take	VERB
easat-4408	62	23	.	.	PUNCT
easat-4408	63	1	a	a	DET
easat-4408	63	2	complex	complex	ADJ
easat-4408	63	3	combination	combination	NOUN
easat-4408	63	4	of	of	ADP
easat-4408	63	5	psychological	psychological	ADJ
easat-4408	63	6	tests	test	NOUN
easat-4408	63	7	,	,	PUNCT
easat-4408	63	8	financial	financial	ADJ
easat-4408	63	9	tasks	task	NOUN
easat-4408	63	10	and	and	CCONJ
easat-4408	63	11	surveys	survey	NOUN
easat-4408	63	12	was	be	AUX
easat-4408	63	13	conducted	conduct	VERB
easat-4408	63	14	among	among	ADP
easat-4408	63	15	100	100	NUM
easat-4408	63	16	investors	investor	NOUN
easat-4408	63	17	in	in	ADP
easat-4408	63	18	the	the	DET
easat-4408	63	19	usa	usa	PROPN
easat-4408	63	20	and	and	CCONJ
easat-4408	63	21	17	17	NUM
easat-4408	63	22	investors	investor	NOUN
easat-4408	63	23	in	in	ADP
easat-4408	63	24	republic	republic	NOUN
easat-4408	63	25	of	of	ADP
easat-4408	63	26	armenia	armenia	PROPN
easat-4408	63	27	(	(	PUNCT
easat-4408	63	28	ra	ra	NOUN
easat-4408	63	29	)	)	PUNCT
easat-4408	63	30	in	in	ADP
easat-4408	63	31	order	order	NOUN
easat-4408	63	32	to	to	PART
easat-4408	63	33	identify	identify	VERB
easat-4408	63	34	possible	possible	ADJ
easat-4408	63	35	links	link	NOUN
easat-4408	63	36	between	between	ADP
easat-4408	63	37	personality	personality	NOUN
easat-4408	63	38	types	type	NOUN
easat-4408	63	39	and	and	CCONJ
easat-4408	63	40	psychological	psychological	ADJ
easat-4408	63	41	characteristics	characteristic	NOUN
easat-4408	63	42	of	of	ADP
easat-4408	63	43	trading	trading	NOUN
easat-4408	63	44	decision	decision	NOUN
easat-4408	63	45	-	-	PUNCT
easat-4408	63	46	making	making	NOUN
easat-4408	63	47	in	in	ADP
easat-4408	63	48	multicultural	multicultural	ADJ
easat-4408	63	49	study	study	NOUN
easat-4408	63	50	.	.	PUNCT
easat-4408	64	1	the	the	DET
easat-4408	64	2	sample	sample	NOUN
easat-4408	64	3	was	be	AUX
easat-4408	64	4	built	build	VERB
easat-4408	64	5	on	on	ADP
easat-4408	64	6	voluntary	voluntary	ADJ
easat-4408	64	7	participation	participation	NOUN
easat-4408	64	8	bases	basis	NOUN
easat-4408	64	9	and	and	CCONJ
easat-4408	64	10	self	self	NOUN
easat-4408	64	11	-	-	PUNCT
easat-4408	64	12	identification	identification	NOUN
easat-4408	64	13	of	of	ADP
easat-4408	64	14	participants	participant	NOUN
easat-4408	64	15	as	as	ADP
easat-4408	64	16	investors	investor	NOUN
easat-4408	64	17	.	.	PUNCT
easat-4408	65	1	the	the	DET
easat-4408	65	2	subsequent	subsequent	ADJ
easat-4408	65	3	methods	method	NOUN
easat-4408	65	4	were	be	AUX
easat-4408	65	5	employed	employ	VERB
easat-4408	65	6	:	:	PUNCT
easat-4408	65	7	1	1	X
easat-4408	65	8	.	.	X
easat-4408	65	9	myers	myers	PROPN
easat-4408	65	10	-	-	PUNCT
easat-4408	65	11	briggs	briggs	PROPN
easat-4408	65	12	type	type	PROPN
easat-4408	65	13	indicator(mbti	indicator(mbti	PROPN
easat-4408	65	14	)	)	PUNCT
easat-4408	65	15	to	to	PART
easat-4408	65	16	understand	understand	VERB
easat-4408	65	17	individual	individual	ADJ
easat-4408	65	18	characteristics	characteristic	NOUN
easat-4408	65	19	of	of	ADP
easat-4408	65	20	information	information	NOUN
easat-4408	65	21	acquisition	acquisition	NOUN
easat-4408	65	22	,	,	PUNCT
easat-4408	65	23	processing	processing	NOUN
easat-4408	65	24	and	and	CCONJ
easat-4408	65	25	decision	decision	NOUN
easat-4408	65	26	making	make	VERB
easat-4408	65	27	2	2	NUM
easat-4408	65	28	.	.	PUNCT
easat-4408	66	1	the	the	DET
easat-4408	66	2	uncertainty	uncertainty	NOUN
easat-4408	66	3	tolerance	tolerance	NOUN
easat-4408	66	4	scale	scale	NOUN
easat-4408	66	5	by	by	ADP
easat-4408	66	6	budner	budner	NOUN
easat-4408	66	7	[	[	X
easat-4408	66	8	13	13	NUM
easat-4408	66	9	]	]	SYM
easat-4408	66	10	3	3	NUM
easat-4408	66	11	.	.	PUNCT
easat-4408	66	12	safe	safe	ADJ
easat-4408	66	13	active	active	ADJ
easat-4408	66	14	versus	versus	ADP
easat-4408	66	15	risky	risky	ADJ
easat-4408	66	16	(	(	PUNCT
easat-4408	66	17	savr	savr	NOUN
easat-4408	66	18	)	)	PUNCT
easat-4408	66	19	task	task	NOUN
easat-4408	66	20	to	to	PART
easat-4408	66	21	study	study	VERB
easat-4408	66	22	risk	risk	NOUN
easat-4408	66	23	aversion	aversion	NOUN
easat-4408	66	24	4	4	NUM
easat-4408	66	25	.	.	PUNCT
easat-4408	67	1	the	the	DET
easat-4408	67	2	author	author	NOUN
easat-4408	67	3	-	-	PUNCT
easat-4408	67	4	created	create	VERB
easat-4408	67	5	a	a	DET
easat-4408	67	6	questionnaire	questionnaire	NOUN
easat-4408	67	7	to	to	PART
easat-4408	67	8	assess	assess	VERB
easat-4408	67	9	financial	financial	ADJ
easat-4408	67	10	literacy	literacy	NOUN
easat-4408	67	11	,	,	PUNCT
easat-4408	67	12	levels	level	NOUN
easat-4408	67	13	of	of	ADP
easat-4408	67	14	confidence	confidence	NOUN
easat-4408	67	15	in	in	ADP
easat-4408	67	16	trading	trading	NOUN
easat-4408	67	17	,	,	PUNCT
easat-4408	67	18	selfevaluation	selfevaluation	NOUN
easat-4408	67	19	of	of	ADP
easat-4408	67	20	knowledge	knowledge	NOUN
easat-4408	67	21	,	,	PUNCT
easat-4408	67	22	and	and	CCONJ
easat-4408	67	23	the	the	DET
easat-4408	67	24	effectiveness	effectiveness	NOUN
easat-4408	67	25	of	of	ADP
easat-4408	67	26	investments	investment	NOUN
easat-4408	67	27	.	.	PUNCT
easat-4408	68	1	5	5	X
easat-4408	68	2	.	.	X
easat-4408	68	3	thrivent	thrivent	NOUN
easat-4408	68	4	mutual	mutual	ADJ
easat-4408	68	5	funds	fund	NOUN
easat-4408	68	6	investment	investment	NOUN
easat-4408	68	7	style	style	NOUN
easat-4408	68	8	questionnaire	questionnaire	NOUN
easat-4408	68	9	6	6	NUM
easat-4408	68	10	.	.	PUNCT
easat-4408	69	1	heuristics	heuristic	NOUN
easat-4408	69	2	and	and	CCONJ
easat-4408	69	3	bias	bias	NOUN
easat-4408	69	4	identification	identification	NOUN
easat-4408	69	5	questionnaire	questionnaire	NOUN
easat-4408	69	6	developed	develop	VERB
easat-4408	69	7	on	on	ADP
easat-4408	69	8	the	the	DET
easat-4408	69	9	basis	basis	NOUN
easat-4408	69	10	of	of	ADP
easat-4408	69	11	kahneman	kahneman	NOUN
easat-4408	69	12	and	and	CCONJ
easat-4408	69	13	tversky	tversky	NOUN
easat-4408	69	14	's	's	PART
easat-4408	69	15	research	research	NOUN
easat-4408	69	16	questions	question	NOUN
easat-4408	69	17	.	.	PUNCT
easat-4408	70	1	3	3	X
easat-4408	70	2	.	.	NOUN
easat-4408	70	3	results	result	VERB
easat-4408	70	4	the	the	DET
easat-4408	70	5	mbti	mbti	PROPN
easat-4408	70	6	offers	offer	VERB
easat-4408	70	7	a	a	DET
easat-4408	70	8	typology	typology	NOUN
easat-4408	70	9	consisting	consist	VERB
easat-4408	70	10	of	of	ADP
easat-4408	70	11	sixteen	sixteen	NUM
easat-4408	70	12	different	different	ADJ
easat-4408	70	13	personality	personality	NOUN
easat-4408	70	14	styles	style	NOUN
easat-4408	70	15	for	for	ADP
easat-4408	70	16	individuals	individual	NOUN
easat-4408	70	17	.	.	PUNCT
easat-4408	71	1	due	due	ADP
easat-4408	71	2	to	to	ADP
easat-4408	71	3	complexity	complexity	NOUN
easat-4408	71	4	and	and	CCONJ
easat-4408	71	5	volume	volume	NOUN
easat-4408	71	6	of	of	ADP
easat-4408	71	7	the	the	DET
easat-4408	71	8	research	research	NOUN
easat-4408	71	9	,	,	PUNCT
easat-4408	71	10	we	we	PRON
easat-4408	71	11	decided	decide	VERB
easat-4408	71	12	to	to	PART
easat-4408	71	13	use	use	VERB
easat-4408	71	14	d.	d.	PROPN
easat-4408	71	15	keirsey	keirsey	PROPN
easat-4408	71	16	's	's	PART
easat-4408	71	17	approach	approach	NOUN
easat-4408	71	18	of	of	ADP
easat-4408	71	19	mbti	mbti	PROPN
easat-4408	71	20	typology	typology	NOUN
easat-4408	71	21	,	,	PUNCT
easat-4408	71	22	which	which	PRON
easat-4408	71	23	combines	combine	VERB
easat-4408	71	24	basic	basic	ADJ
easat-4408	71	25	psychological	psychological	ADJ
easat-4408	71	26	traits	trait	NOUN
easat-4408	71	27	of	of	ADP
easat-4408	71	28	16	16	NUM
easat-4408	71	29	types	type	NOUN
easat-4408	71	30	of	of	ADP
easat-4408	71	31	personality	personality	NOUN
easat-4408	71	32	and	and	CCONJ
easat-4408	71	33	generalizes	generalize	VERB
easat-4408	71	34	them	they	PRON
easat-4408	71	35	into	into	ADP
easat-4408	71	36	4	4	NUM
easat-4408	71	37	types	type	NOUN
easat-4408	71	38	[	[	X
easat-4408	71	39	14	14	NUM
easat-4408	71	40	]	]	NUM
easat-4408	71	41	:	:	PUNCT
easat-4408	71	42	table	table	NOUN
easat-4408	71	43	1	1	NUM
easat-4408	71	44	.	.	PUNCT
easat-4408	72	1	administrator	administrator	NOUN
easat-4408	72	2	(	(	PUNCT
easat-4408	72	3	sj	sj	INTJ
easat-4408	72	4	)	)	PUNCT
easat-4408	72	5	they	they	PRON
easat-4408	72	6	are	be	AUX
easat-4408	72	7	attentive	attentive	ADJ
easat-4408	72	8	to	to	ADP
easat-4408	72	9	germs	germ	NOUN
easat-4408	72	10	,	,	PUNCT
easat-4408	72	11	can	can	AUX
easat-4408	72	12	predict	predict	VERB
easat-4408	72	13	the	the	DET
easat-4408	72	14	consequences	consequence	NOUN
easat-4408	72	15	of	of	ADP
easat-4408	72	16	actions	action	NOUN
easat-4408	72	17	and	and	CCONJ
easat-4408	72	18	decisions	decision	NOUN
easat-4408	72	19	,	,	PUNCT
easat-4408	72	20	and	and	CCONJ
easat-4408	72	21	prefer	prefer	VERB
easat-4408	72	22	the	the	DET
easat-4408	72	23	evolutionary	evolutionary	ADJ
easat-4408	72	24	path	path	NOUN
easat-4408	72	25	to	to	ADP
easat-4408	72	26	revolution	revolution	NOUN
easat-4408	72	27	.	.	PUNCT
easat-4408	73	1	they	they	PRON
easat-4408	73	2	value	value	VERB
easat-4408	73	3	organization	organization	NOUN
easat-4408	73	4	and	and	CCONJ
easat-4408	73	5	structure	structure	NOUN
easat-4408	73	6	.	.	PUNCT
easat-4408	74	1	producer	producer	NOUN
easat-4408	74	2	(	(	PUNCT
easat-4408	74	3	sp	sp	NOUN
easat-4408	74	4	)	)	PUNCT
easat-4408	74	5	action	action	NOUN
easat-4408	74	6	oriented	orient	VERB
easat-4408	74	7	,	,	PUNCT
easat-4408	74	8	focused	focus	VERB
easat-4408	74	9	on	on	ADP
easat-4408	74	10	the	the	DET
easat-4408	74	11	present	present	NOUN
easat-4408	74	12	.	.	PUNCT
easat-4408	75	1	problems	problem	NOUN
easat-4408	75	2	can	can	AUX
easat-4408	75	3	be	be	AUX
easat-4408	75	4	reformulated	reformulate	VERB
easat-4408	75	5	while	while	SCONJ
easat-4408	75	6	searching	search	VERB
easat-4408	75	7	for	for	ADP
easat-4408	75	8	solutions	solution	NOUN
easat-4408	75	9	.	.	PUNCT
easat-4408	76	1	enterpreneur	enterpreneur	NOUN
easat-4408	76	2	(	(	PUNCT
easat-4408	76	3	nt	not	PART
easat-4408	76	4	)	)	PUNCT
easat-4408	76	5	they	they	PRON
easat-4408	76	6	prefer	prefer	VERB
easat-4408	76	7	the	the	DET
easat-4408	76	8	scientific	scientific	ADJ
easat-4408	76	9	,	,	PUNCT
easat-4408	76	10	systematic	systematic	ADJ
easat-4408	76	11	approach	approach	NOUN
easat-4408	76	12	to	to	ADP
easat-4408	76	13	problem	problem	NOUN
easat-4408	76	14	solving	solving	NOUN
easat-4408	76	15	,	,	PUNCT
easat-4408	76	16	they	they	PRON
easat-4408	76	17	are	be	AUX
easat-4408	76	18	oriented	orient	VERB
easat-4408	76	19	towards	towards	ADP
easat-4408	76	20	the	the	DET
easat-4408	76	21	future	future	NOUN
easat-4408	76	22	.	.	PUNCT
easat-4408	77	1	integrator	integrator	NOUN
easat-4408	77	2	(	(	PUNCT
easat-4408	77	3	nf	nf	INTJ
easat-4408	77	4	)	)	PUNCT
easat-4408	77	5	they	they	PRON
easat-4408	77	6	are	be	AUX
easat-4408	77	7	focused	focus	VERB
easat-4408	77	8	on	on	ADP
easat-4408	77	9	the	the	DET
easat-4408	77	10	justice	justice	NOUN
easat-4408	77	11	of	of	ADP
easat-4408	77	12	solving	solve	VERB
easat-4408	77	13	the	the	DET
easat-4408	77	14	problem	problem	NOUN
easat-4408	77	15	,	,	PUNCT
easat-4408	77	16	they	they	PRON
easat-4408	77	17	pay	pay	VERB
easat-4408	77	18	attention	attention	NOUN
easat-4408	77	19	to	to	ADP
easat-4408	77	20	people	people	NOUN
easat-4408	77	21	's	's	PART
easat-4408	77	22	requirements	requirement	NOUN
easat-4408	77	23	.	.	PUNCT
easat-4408	78	1	before	before	ADP
easat-4408	78	2	discussing	discuss	VERB
easat-4408	78	3	the	the	DET
easat-4408	78	4	correlations	correlation	NOUN
easat-4408	78	5	between	between	ADP
easat-4408	78	6	variables	variable	NOUN
easat-4408	78	7	,	,	PUNCT
easat-4408	78	8	the	the	DET
easat-4408	78	9	following	follow	VERB
easat-4408	78	10	are	be	AUX
easat-4408	78	11	some	some	DET
easat-4408	78	12	quantitative	quantitative	ADJ
easat-4408	78	13	parameters	parameter	NOUN
easat-4408	78	14	from	from	ADP
easat-4408	78	15	the	the	DET
easat-4408	78	16	study	study	NOUN
easat-4408	78	17	.	.	PUNCT
easat-4408	79	1	generalizing	generalize	VERB
easat-4408	79	2	the	the	DET
easat-4408	79	3	types	type	NOUN
easat-4408	79	4	of	of	ADP
easat-4408	79	5	participants	participant	NOUN
easat-4408	79	6	in	in	ADP
easat-4408	79	7	our	our	PRON
easat-4408	79	8	sample	sample	NOUN
easat-4408	79	9	between	between	ADP
easat-4408	79	10	ra	ra	PROPN
easat-4408	79	11	and	and	CCONJ
easat-4408	79	12	us	we	PRON
easat-4408	79	13	participants	participant	NOUN
easat-4408	79	14	,	,	PUNCT
easat-4408	79	15	had	have	VERB
easat-4408	79	16	an	an	DET
easat-4408	79	17	equal	equal	ADJ
easat-4408	79	18	distribution	distribution	NOUN
easat-4408	79	19	between	between	ADP
easat-4408	79	20	the	the	DET
easat-4408	79	21	intuitive	intuitive	ADJ
easat-4408	79	22	-	-	PUNCT
easat-4408	79	23	sensor	sensor	NOUN
easat-4408	79	24	n	n	CCONJ
easat-4408	79	25	-	-	PUNCT
easat-4408	79	26	s	s	NOUN
easat-4408	79	27	pair	pair	NOUN
easat-4408	79	28	(	(	PUNCT
easat-4408	79	29	9/8	9/8	NUM
easat-4408	79	30	ra	ra	NOUN
easat-4408	79	31	;	;	PUNCT
easat-4408	79	32	50/50	50/50	NUM
easat-4408	79	33	usa	usa	NOUN
easat-4408	79	34	respectively	respectively	ADV
easat-4408	79	35	)	)	PUNCT
easat-4408	79	36	.	.	PUNCT
easat-4408	80	1	11	11	NUM
easat-4408	80	2	edelweiss	edelweiss	PROPN
easat-4408	80	3	applied	apply	VERB
easat-4408	80	4	science	science	NOUN
easat-4408	80	5	and	and	CCONJ
easat-4408	80	6	technology	technology	NOUN
easat-4408	80	7	issn	issn	PROPN
easat-4408	80	8	:	:	PUNCT
easat-4408	80	9	2576	2576	NUM
easat-4408	80	10	-	-	SYM
easat-4408	80	11	8484	8484	NUM
easat-4408	80	12	vol	vol	NOUN
easat-4408	80	13	.	.	PROPN
easat-4408	81	1	9	9	NUM
easat-4408	81	2	,	,	PUNCT
easat-4408	81	3	no	no	INTJ
easat-4408	81	4	.	.	NOUN
easat-4408	81	5	2	2	NUM
easat-4408	81	6	:	:	SYM
easat-4408	81	7	8	8	NUM
easat-4408	81	8	-	-	SYM
easat-4408	81	9	15	15	NUM
easat-4408	81	10	,	,	PUNCT
easat-4408	81	11	2025	2025	NUM
easat-4408	81	12	doi	doi	NOUN
easat-4408	81	13	:	:	PUNCT
easat-4408	81	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	81	15	©	©	PROPN
easat-4408	81	16	2025	2025	NUM
easat-4408	81	17	by	by	ADP
easat-4408	81	18	the	the	DET
easat-4408	81	19	authors	author	NOUN
easat-4408	81	20	;	;	PUNCT
easat-4408	81	21	licensee	licensee	PROPN
easat-4408	81	22	learning	learning	NOUN
easat-4408	81	23	gate	gate	NOUN
easat-4408	81	24	according	accord	VERB
easat-4408	81	25	to	to	ADP
easat-4408	81	26	years	year	NOUN
easat-4408	81	27	of	of	ADP
easat-4408	81	28	research	research	NOUN
easat-4408	81	29	,	,	PUNCT
easat-4408	81	30	an	an	DET
easat-4408	81	31	average	average	NOUN
easat-4408	81	32	of	of	ADP
easat-4408	81	33	tolerance	tolerance	NOUN
easat-4408	81	34	for	for	ADP
easat-4408	81	35	uncertainty	uncertainty	NOUN
easat-4408	81	36	among	among	ADP
easat-4408	81	37	general	general	ADJ
easat-4408	81	38	population	population	NOUN
easat-4408	81	39	is	be	AUX
easat-4408	81	40	48	48	NUM
easat-4408	81	41	%	%	NOUN
easat-4408	81	42	,	,	PUNCT
easat-4408	81	43	with	with	ADP
easat-4408	81	44	data	datum	NOUN
easat-4408	81	45	ranging	range	VERB
easat-4408	81	46	from	from	ADP
easat-4408	81	47	40	40	NUM
easat-4408	81	48	to	to	PART
easat-4408	81	49	70	70	NUM
easat-4408	81	50	[	[	X
easat-4408	81	51	13	13	NUM
easat-4408	81	52	]	]	PUNCT
easat-4408	81	53	.	.	PUNCT
easat-4408	82	1	our	our	PRON
easat-4408	82	2	sample	sample	NOUN
easat-4408	82	3	showed	show	VERB
easat-4408	82	4	an	an	DET
easat-4408	82	5	average	average	NOUN
easat-4408	82	6	of	of	ADP
easat-4408	82	7	51	51	NUM
easat-4408	82	8	%	%	NOUN
easat-4408	82	9	among	among	ADP
easat-4408	82	10	us	us	PROPN
easat-4408	82	11	investors	investor	NOUN
easat-4408	82	12	and	and	CCONJ
easat-4408	82	13	51.7	51.7	NUM
easat-4408	82	14	%	%	NOUN
easat-4408	82	15	among	among	ADP
easat-4408	82	16	armenian	armenian	ADJ
easat-4408	82	17	investors	investor	NOUN
easat-4408	82	18	,	,	PUNCT
easat-4408	82	19	indicating	indicate	VERB
easat-4408	82	20	that	that	SCONJ
easat-4408	82	21	investors	investor	NOUN
easat-4408	82	22	show	show	VERB
easat-4408	82	23	slightly	slightly	ADV
easat-4408	82	24	higher	high	ADJ
easat-4408	82	25	tollerance	tollerance	NOUN
easat-4408	82	26	towards	towards	ADP
easat-4408	82	27	uncertainity	uncertainity	NOUN
easat-4408	82	28	compared	compare	VERB
easat-4408	82	29	to	to	ADP
easat-4408	82	30	general	general	ADJ
easat-4408	82	31	population	population	NOUN
easat-4408	82	32	.	.	PUNCT
easat-4408	83	1	academic	academic	ADJ
easat-4408	83	2	research	research	NOUN
easat-4408	83	3	of	of	ADP
easat-4408	83	4	risk	risk	NOUN
easat-4408	83	5	aversion	aversion	NOUN
easat-4408	83	6	shows	show	VERB
easat-4408	83	7	an	an	DET
easat-4408	83	8	average	average	NOUN
easat-4408	83	9	of	of	ADP
easat-4408	83	10	48	48	NUM
easat-4408	83	11	%	%	NOUN
easat-4408	83	12	[	[	X
easat-4408	83	13	15	15	NUM
easat-4408	83	14	]	]	X
easat-4408	83	15	the	the	DET
easat-4408	83	16	data	data	NOUN
easat-4408	83	17	varies	vary	VERB
easat-4408	83	18	between	between	ADP
easat-4408	83	19	40	40	NUM
easat-4408	83	20	and	and	CCONJ
easat-4408	83	21	70	70	NUM
easat-4408	83	22	among	among	ADP
easat-4408	83	23	general	general	ADJ
easat-4408	83	24	population	population	NOUN
easat-4408	83	25	.	.	PUNCT
easat-4408	84	1	the	the	DET
easat-4408	84	2	research	research	NOUN
easat-4408	84	3	suggests	suggest	VERB
easat-4408	84	4	that	that	SCONJ
easat-4408	84	5	investors	investor	NOUN
easat-4408	84	6	in	in	ADP
easat-4408	84	7	armenia	armenia	PROPN
easat-4408	84	8	appear	appear	VERB
easat-4408	84	9	to	to	PART
easat-4408	84	10	be	be	AUX
easat-4408	84	11	less	less	ADJ
easat-4408	84	12	risk	risk	NOUN
easat-4408	84	13	averse	averse	ADJ
easat-4408	84	14	(	(	PUNCT
easat-4408	84	15	m=41.76	m=41.76	PROPN
easat-4408	84	16	)	)	PUNCT
easat-4408	84	17	than	than	ADP
easat-4408	84	18	their	their	PRON
easat-4408	84	19	us	us	PROPN
easat-4408	84	20	counterparts	counterpart	NOUN
easat-4408	84	21	(	(	PUNCT
easat-4408	84	22	m=49.5	m=49.5	NOUN
easat-4408	84	23	)	)	PUNCT
easat-4408	84	24	.	.	PUNCT
easat-4408	85	1	the	the	DET
easat-4408	85	2	shapiro	shapiro	PROPN
easat-4408	85	3	-	-	PUNCT
easat-4408	85	4	wilk	wilk	NOUN
easat-4408	85	5	test	test	NOUN
easat-4408	85	6	for	for	ADP
easat-4408	85	7	normality	normality	NOUN
easat-4408	85	8	on	on	ADP
easat-4408	85	9	the	the	DET
easat-4408	85	10	risk	risk	NOUN
easat-4408	85	11	aversion	aversion	NOUN
easat-4408	85	12	data	datum	NOUN
easat-4408	85	13	yields	yield	VERB
easat-4408	85	14	the	the	DET
easat-4408	85	15	following	follow	VERB
easat-4408	85	16	results	result	NOUN
easat-4408	85	17	:	:	PUNCT
easat-4408	85	18	statistics	statistic	NOUN
easat-4408	85	19	:	:	PUNCT
easat-4408	85	20	0.947	0.947	NUM
easat-4408	85	21	;	;	PUNCT
easat-4408	85	22	p	p	X
easat-4408	85	23	-	-	PUNCT
easat-4408	85	24	value	value	NOUN
easat-4408	85	25	:	:	PUNCT
easat-4408	85	26	0.00054	0.00054	NUM
easat-4408	85	27	.	.	PUNCT
easat-4408	86	1	investment	investment	NOUN
easat-4408	86	2	style	style	NOUN
easat-4408	86	3	allocations	allocation	NOUN
easat-4408	86	4	distribution	distribution	NOUN
easat-4408	86	5	indicated	indicate	VERB
easat-4408	86	6	that	that	SCONJ
easat-4408	86	7	about	about	ADV
easat-4408	86	8	50	50	NUM
easat-4408	86	9	%	%	NOUN
easat-4408	86	10	of	of	ADP
easat-4408	86	11	our	our	PRON
easat-4408	86	12	us	us	PROPN
easat-4408	86	13	investors	investor	NOUN
easat-4408	86	14	invest	invest	VERB
easat-4408	86	15	in	in	ADP
easat-4408	86	16	a	a	DET
easat-4408	86	17	moderate	moderate	ADJ
easat-4408	86	18	style	style	NOUN
easat-4408	86	19	without	without	ADP
easat-4408	86	20	being	be	AUX
easat-4408	86	21	overly	overly	ADV
easat-4408	86	22	aggressive	aggressive	ADJ
easat-4408	86	23	or	or	CCONJ
easat-4408	86	24	conservative	conservative	ADJ
easat-4408	86	25	,	,	PUNCT
easat-4408	86	26	about	about	ADV
easat-4408	86	27	30	30	NUM
easat-4408	86	28	%	%	NOUN
easat-4408	86	29	invest	invest	VERB
easat-4408	86	30	aggressively	aggressively	ADV
easat-4408	86	31	,	,	PUNCT
easat-4408	86	32	and	and	CCONJ
easat-4408	86	33	about	about	ADV
easat-4408	86	34	20	20	NUM
easat-4408	86	35	%	%	NOUN
easat-4408	86	36	invest	invest	VERB
easat-4408	86	37	conservatively	conservatively	ADV
easat-4408	86	38	.	.	PUNCT
easat-4408	87	1	these	these	DET
easat-4408	87	2	data	datum	NOUN
easat-4408	87	3	also	also	ADV
easat-4408	87	4	follow	follow	VERB
easat-4408	87	5	the	the	DET
easat-4408	87	6	normality	normality	NOUN
easat-4408	87	7	curve	curve	NOUN
easat-4408	87	8	for	for	ADP
easat-4408	87	9	us	us	PROPN
easat-4408	87	10	participants	participant	NOUN
easat-4408	87	11	.	.	PUNCT
easat-4408	88	1	in	in	ADP
easat-4408	88	2	a	a	DET
easat-4408	88	3	very	very	ADV
easat-4408	88	4	interesting	interesting	ADJ
easat-4408	88	5	example	example	NOUN
easat-4408	88	6	,	,	PUNCT
easat-4408	88	7	we	we	PRON
easat-4408	88	8	observed	observe	VERB
easat-4408	88	9	that	that	SCONJ
easat-4408	88	10	participants	participant	NOUN
easat-4408	88	11	in	in	ADP
easat-4408	88	12	armenia	armenia	PROPN
easat-4408	88	13	differ	differ	VERB
easat-4408	88	14	more	more	ADJ
easat-4408	88	15	,	,	PUNCT
easat-4408	88	16	show	show	VERB
easat-4408	88	17	signs	sign	NOUN
easat-4408	88	18	of	of	ADP
easat-4408	88	19	moderately	moderately	ADV
easat-4408	88	20	aggressive(m=11.8	aggressive(m=11.8	VERB
easat-4408	88	21	%	%	NOUN
easat-4408	88	22	)	)	PUNCT
easat-4408	88	23	and	and	CCONJ
easat-4408	88	24	moderately	moderately	ADV
easat-4408	88	25	conservative(m=35.3	conservative(m=35.3	NUM
easat-4408	88	26	%	%	NOUN
easat-4408	88	27	)	)	PUNCT
easat-4408	88	28	behavior	behavior	NOUN
easat-4408	88	29	,	,	PUNCT
easat-4408	88	30	appear	appear	VERB
easat-4408	88	31	more	more	ADV
easat-4408	88	32	cautious	cautious	ADJ
easat-4408	88	33	and	and	CCONJ
easat-4408	88	34	nuanced	nuanced	ADJ
easat-4408	88	35	compared	compare	VERB
easat-4408	88	36	to	to	ADP
easat-4408	88	37	us	us	PROPN
easat-4408	88	38	investors	investor	NOUN
easat-4408	88	39	(	(	PUNCT
easat-4408	88	40	χ2=(4	χ2=(4	PROPN
easat-4408	88	41	,	,	PUNCT
easat-4408	88	42	n=117)=52	n=117)=52	NUM
easat-4408	88	43	,	,	PUNCT
easat-4408	88	44	p<0.05	p<0.05	NOUN
easat-4408	88	45	)	)	PUNCT
easat-4408	88	46	.	.	PUNCT
easat-4408	89	1	this	this	PRON
easat-4408	89	2	is	be	AUX
easat-4408	89	3	extremely	extremely	ADV
easat-4408	89	4	interesting	interesting	ADJ
easat-4408	89	5	data	datum	NOUN
easat-4408	89	6	for	for	ADP
easat-4408	89	7	us	we	PRON
easat-4408	89	8	and	and	CCONJ
easat-4408	89	9	requires	require	VERB
easat-4408	89	10	further	further	ADJ
easat-4408	89	11	research	research	NOUN
easat-4408	89	12	.	.	PUNCT
easat-4408	90	1	us	we	PRON
easat-4408	90	2	participants	participant	NOUN
easat-4408	90	3	rated	rate	VERB
easat-4408	90	4	their	their	PRON
easat-4408	90	5	financial	financial	ADJ
easat-4408	90	6	literacy	literacy	NOUN
easat-4408	90	7	much	much	ADV
easat-4408	90	8	higher	high	ADJ
easat-4408	90	9	(	(	PUNCT
easat-4408	90	10	m=79.45	m=79.45	X
easat-4408	90	11	)	)	PUNCT
easat-4408	90	12	than	than	ADP
easat-4408	90	13	ra	ra	PROPN
easat-4408	90	14	participants(m=56.94	participants(m=56.94	PROPN
easat-4408	90	15	)	)	PUNCT
easat-4408	90	16	;	;	PUNCT
easat-4408	90	17	however	however	ADV
easat-4408	90	18	,	,	PUNCT
easat-4408	90	19	ra	ra	PROPN
easat-4408	90	20	participants	participant	NOUN
easat-4408	90	21	rated	rate	VERB
easat-4408	90	22	their	their	PRON
easat-4408	90	23	knowledge	knowledge	NOUN
easat-4408	90	24	higher(m=54.82	higher(m=54.82	PROPN
easat-4408	90	25	vs	vs	ADP
easat-4408	90	26	m=51.4	m=51.4	PROPN
easat-4408	90	27	)	)	PUNCT
easat-4408	90	28	;	;	PUNCT
easat-4408	90	29	us	us	PROPN
easat-4408	90	30	participants	participant	NOUN
easat-4408	90	31	are	be	AUX
easat-4408	90	32	more	more	ADJ
easat-4408	90	33	risk	risk	NOUN
easat-4408	90	34	averse(m=49.5	averse(m=49.5	NOUN
easat-4408	90	35	vs	vs	ADP
easat-4408	90	36	41.76	41.76	NUM
easat-4408	90	37	,	,	PUNCT
easat-4408	90	38	r=0.4	r=0.4	PROPN
easat-4408	90	39	,	,	PUNCT
easat-4408	90	40	χ²=0.6	χ²=0.6	PROPN
easat-4408	90	41	)	)	PUNCT
easat-4408	90	42	,	,	PUNCT
easat-4408	90	43	therefore	therefore	ADV
easat-4408	90	44	ra	ra	PROPN
easat-4408	90	45	participants	participant	NOUN
easat-4408	90	46	are	be	AUX
easat-4408	90	47	more	more	ADV
easat-4408	90	48	prone	prone	ADJ
easat-4408	90	49	to	to	ADP
easat-4408	90	50	risky	risky	ADJ
easat-4408	90	51	decisions	decision	NOUN
easat-4408	90	52	;	;	PUNCT
easat-4408	90	53	us	us	PROPN
easat-4408	90	54	participants	participant	NOUN
easat-4408	90	55	rate	rate	VERB
easat-4408	90	56	their	their	PRON
easat-4408	90	57	investment	investment	NOUN
easat-4408	90	58	activities	activity	NOUN
easat-4408	90	59	more	more	ADV
easat-4408	90	60	effective	effective	ADJ
easat-4408	90	61	than	than	ADP
easat-4408	90	62	armenian	armenian	ADJ
easat-4408	90	63	counterparts	counterpart	NOUN
easat-4408	90	64	.	.	PUNCT
easat-4408	91	1	when	when	SCONJ
easat-4408	91	2	asked	ask	VERB
easat-4408	91	3	about	about	ADP
easat-4408	91	4	the	the	DET
easat-4408	91	5	average	average	ADJ
easat-4408	91	6	level	level	NOUN
easat-4408	91	7	of	of	ADP
easat-4408	91	8	certainty	certainty	NOUN
easat-4408	91	9	required	require	VERB
easat-4408	91	10	to	to	PART
easat-4408	91	11	decide	decide	VERB
easat-4408	91	12	to	to	PART
easat-4408	91	13	buy	buy	VERB
easat-4408	91	14	a	a	DET
easat-4408	91	15	stock	stock	NOUN
easat-4408	91	16	,	,	PUNCT
easat-4408	91	17	participants	participant	NOUN
easat-4408	91	18	from	from	ADP
easat-4408	91	19	armenia	armenia	PROPN
easat-4408	91	20	and	and	CCONJ
easat-4408	91	21	the	the	DET
easat-4408	91	22	us	us	PROPN
easat-4408	91	23	provided	provide	VERB
easat-4408	91	24	similar	similar	ADJ
easat-4408	91	25	responses	response	NOUN
easat-4408	91	26	,	,	PUNCT
easat-4408	91	27	with	with	ADP
easat-4408	91	28	63	63	NUM
easat-4408	91	29	%	%	NOUN
easat-4408	91	30	and	and	CCONJ
easat-4408	91	31	65	65	NUM
easat-4408	91	32	%	%	NOUN
easat-4408	91	33	,	,	PUNCT
easat-4408	91	34	respectively	respectively	ADV
easat-4408	91	35	.	.	PUNCT
easat-4408	92	1	however	however	ADV
easat-4408	92	2	,	,	PUNCT
easat-4408	92	3	women	woman	NOUN
easat-4408	92	4	in	in	ADP
easat-4408	92	5	the	the	DET
easat-4408	92	6	armenian	armenian	ADJ
easat-4408	92	7	sample	sample	NOUN
easat-4408	92	8	demonstrated	demonstrate	VERB
easat-4408	92	9	a	a	DET
easat-4408	92	10	higher	high	ADJ
easat-4408	92	11	threshold(m=79	threshold(m=79	PROPN
easat-4408	92	12	)	)	PUNCT
easat-4408	92	13	,	,	PUNCT
easat-4408	92	14	indicating	indicate	VERB
easat-4408	92	15	that	that	SCONJ
easat-4408	92	16	they	they	PRON
easat-4408	92	17	require	require	VERB
easat-4408	92	18	a	a	DET
easat-4408	92	19	greater	great	ADJ
easat-4408	92	20	sense	sense	NOUN
easat-4408	92	21	of	of	ADP
easat-4408	92	22	confidence	confidence	NOUN
easat-4408	92	23	for	for	ADP
easat-4408	92	24	making	make	VERB
easat-4408	92	25	trading	trading	NOUN
easat-4408	92	26	decisions	decision	NOUN
easat-4408	92	27	.	.	PUNCT
easat-4408	93	1	when	when	SCONJ
easat-4408	93	2	comparing	compare	VERB
easat-4408	93	3	investment	investment	NOUN
easat-4408	93	4	style	style	NOUN
easat-4408	93	5	with	with	ADP
easat-4408	93	6	self	self	NOUN
easat-4408	93	7	-	-	PUNCT
easat-4408	93	8	rated	rate	VERB
easat-4408	93	9	financial	financial	ADJ
easat-4408	93	10	literacy	literacy	NOUN
easat-4408	93	11	,	,	PUNCT
easat-4408	93	12	we	we	PRON
easat-4408	93	13	found	find	VERB
easat-4408	93	14	that	that	SCONJ
easat-4408	93	15	both	both	PRON
easat-4408	93	16	men	man	NOUN
easat-4408	93	17	and	and	CCONJ
easat-4408	93	18	women	woman	NOUN
easat-4408	93	19	had	have	VERB
easat-4408	93	20	fairly	fairly	ADV
easat-4408	93	21	close	close	ADJ
easat-4408	93	22	averages(m=75.6	averages(m=75.6	NOUN
easat-4408	93	23	vs	vs	ADP
easat-4408	93	24	m=77.4	m=77.4	PROPN
easat-4408	93	25	,	,	PUNCT
easat-4408	93	26	p=0.02	p=0.02	NOUN
easat-4408	93	27	)	)	PUNCT
easat-4408	93	28	,	,	PUNCT
easat-4408	93	29	and	and	CCONJ
easat-4408	93	30	both	both	PRON
easat-4408	93	31	men	man	NOUN
easat-4408	93	32	and	and	CCONJ
easat-4408	93	33	women	woman	NOUN
easat-4408	93	34	who	who	PRON
easat-4408	93	35	rated	rate	VERB
easat-4408	93	36	themselves	themselves	PRON
easat-4408	93	37	highly	highly	ADV
easat-4408	93	38	in	in	ADP
easat-4408	93	39	financial	financial	ADJ
easat-4408	93	40	literacy	literacy	NOUN
easat-4408	93	41	exhibited	exhibit	VERB
easat-4408	93	42	aggressive	aggressive	ADJ
easat-4408	93	43	investment	investment	NOUN
easat-4408	93	44	behavior	behavior	NOUN
easat-4408	93	45	(	(	PUNCT
easat-4408	93	46	(	(	PUNCT
easat-4408	93	47	χ2=(4	χ2=(4	INTJ
easat-4408	93	48	,	,	PUNCT
easat-4408	93	49	n=117)=5.112	n=117)=5.112	PROPN
easat-4408	93	50	,	,	PUNCT
easat-4408	93	51	p<0.02	p<0.02	PROPN
easat-4408	93	52	.	.	PUNCT
easat-4408	94	1	while	while	SCONJ
easat-4408	94	2	analysing	analyse	VERB
easat-4408	94	3	age	age	NOUN
easat-4408	94	4	as	as	ADP
easat-4408	94	5	a	a	DET
easat-4408	94	6	factor	factor	NOUN
easat-4408	94	7	,	,	PUNCT
easat-4408	94	8	the	the	DET
easat-4408	94	9	results	result	NOUN
easat-4408	94	10	signal	signal	VERB
easat-4408	94	11	a	a	DET
easat-4408	94	12	positive	positive	ADJ
easat-4408	94	13	correlation	correlation	NOUN
easat-4408	94	14	with	with	ADP
easat-4408	94	15	factors	factor	NOUN
easat-4408	94	16	such	such	ADJ
easat-4408	94	17	as	as	ADP
easat-4408	94	18	irrational	irrational	ADJ
easat-4408	94	19	investment	investment	NOUN
easat-4408	94	20	diversification	diversification	NOUN
easat-4408	94	21	(	(	PUNCT
easat-4408	94	22	r=0.5	r=0.5	NOUN
easat-4408	94	23	,	,	PUNCT
easat-4408	94	24	p=.042	p=.042	NOUN
easat-4408	94	25	)	)	PUNCT
easat-4408	94	26	.	.	PUNCT
easat-4408	95	1	this	this	PRON
easat-4408	95	2	suggests	suggest	VERB
easat-4408	95	3	that	that	SCONJ
easat-4408	95	4	as	as	SCONJ
easat-4408	95	5	individuals	individual	NOUN
easat-4408	95	6	age	age	VERB
easat-4408	95	7	and	and	CCONJ
easat-4408	95	8	attain	attain	VERB
easat-4408	95	9	higher	high	ADJ
easat-4408	95	10	levels	level	NOUN
easat-4408	95	11	of	of	ADP
easat-4408	95	12	education	education	NOUN
easat-4408	95	13	,	,	PUNCT
easat-4408	95	14	they	they	PRON
easat-4408	95	15	exhibit	exhibit	VERB
easat-4408	95	16	more	more	ADV
easat-4408	95	17	diverse	diverse	ADJ
easat-4408	95	18	investment	investment	NOUN
easat-4408	95	19	behaviors	behavior	NOUN
easat-4408	95	20	.	.	PUNCT
easat-4408	96	1	the	the	DET
easat-4408	96	2	research	research	NOUN
easat-4408	96	3	has	have	AUX
easat-4408	96	4	also	also	ADV
easat-4408	96	5	revealed	reveal	VERB
easat-4408	96	6	negative	negative	ADJ
easat-4408	96	7	correlations	correlation	NOUN
easat-4408	96	8	between	between	ADP
easat-4408	96	9	age	age	NOUN
easat-4408	96	10	and	and	CCONJ
easat-4408	96	11	uncertainty	uncertainty	NOUN
easat-4408	96	12	tolerance(r=-0.2	tolerance(r=-0.2	NOUN
easat-4408	96	13	,	,	PUNCT
easat-4408	96	14	p=.04	p=.04	ADJ
easat-4408	96	15	)	)	PUNCT
easat-4408	96	16	,	,	PUNCT
easat-4408	96	17	trading	trading	NOUN
easat-4408	96	18	certainty	certainty	NOUN
easat-4408	96	19	(	(	PUNCT
easat-4408	96	20	r=-0.16	r=-0.16	ADJ
easat-4408	96	21	,	,	PUNCT
easat-4408	96	22	p=.05	p=.05	NOUN
easat-4408	96	23	)	)	PUNCT
easat-4408	96	24	,	,	PUNCT
easat-4408	96	25	and	and	CCONJ
easat-4408	96	26	mental	mental	ADJ
easat-4408	96	27	accounting	accounting	NOUN
easat-4408	96	28	bias(r=-0.5	bias(r=-0.5	NOUN
easat-4408	96	29	,	,	PUNCT
easat-4408	96	30	p=.05	p=.05	NOUN
easat-4408	96	31	)	)	PUNCT
easat-4408	96	32	.	.	PUNCT
easat-4408	97	1	this	this	PRON
easat-4408	97	2	suggests	suggest	VERB
easat-4408	97	3	that	that	SCONJ
easat-4408	97	4	older	old	ADJ
easat-4408	97	5	individuals	individual	NOUN
easat-4408	97	6	may	may	AUX
easat-4408	97	7	have	have	VERB
easat-4408	97	8	a	a	DET
easat-4408	97	9	lower	low	ADJ
easat-4408	97	10	tolerance	tolerance	NOUN
easat-4408	97	11	for	for	ADP
easat-4408	97	12	uncertainty	uncertainty	NOUN
easat-4408	97	13	,	,	PUNCT
easat-4408	97	14	prefer	prefer	VERB
easat-4408	97	15	less	less	ADJ
easat-4408	97	16	trading	trading	NOUN
easat-4408	97	17	certainty	certainty	NOUN
easat-4408	97	18	,	,	PUNCT
easat-4408	97	19	and	and	CCONJ
easat-4408	97	20	be	be	AUX
easat-4408	97	21	less	less	ADV
easat-4408	97	22	affected	affect	VERB
easat-4408	97	23	by	by	ADP
easat-4408	97	24	mental	mental	ADJ
easat-4408	97	25	accounting	accounting	NOUN
easat-4408	97	26	bias	bias	NOUN
easat-4408	97	27	.	.	PUNCT
easat-4408	98	1	the	the	DET
easat-4408	98	2	education	education	NOUN
easat-4408	98	3	as	as	ADP
easat-4408	98	4	a	a	DET
easat-4408	98	5	personal	personal	ADJ
easat-4408	98	6	factor	factor	NOUN
easat-4408	98	7	also	also	ADV
easat-4408	98	8	demonstrated	demonstrate	VERB
easat-4408	98	9	an	an	DET
easat-4408	98	10	impact	impact	NOUN
easat-4408	98	11	on	on	ADP
easat-4408	98	12	other	other	ADJ
easat-4408	98	13	parameters	parameter	NOUN
easat-4408	98	14	.	.	PUNCT
easat-4408	99	1	higher	high	ADJ
easat-4408	99	2	education	education	NOUN
easat-4408	99	3	levels	level	NOUN
easat-4408	99	4	are	be	AUX
easat-4408	99	5	associated	associate	VERB
easat-4408	99	6	with	with	ADP
easat-4408	99	7	certain	certain	ADJ
easat-4408	99	8	cognitive	cognitive	ADJ
easat-4408	99	9	characteristics	characteristic	NOUN
easat-4408	99	10	,	,	PUNCT
easat-4408	99	11	such	such	ADJ
easat-4408	99	12	as	as	ADP
easat-4408	99	13	better	well	ADJ
easat-4408	99	14	financial	financial	ADJ
easat-4408	99	15	literacy	literacy	NOUN
easat-4408	99	16	and	and	CCONJ
easat-4408	99	17	more	more	ADV
easat-4408	99	18	effective	effective	ADJ
easat-4408	99	19	investment	investment	NOUN
easat-4408	99	20	self	self	NOUN
easat-4408	99	21	-	-	PUNCT
easat-4408	99	22	assessment	assessment	NOUN
easat-4408	99	23	.	.	PUNCT
easat-4408	100	1	there	there	PRON
easat-4408	100	2	are	be	VERB
easat-4408	100	3	notable	notable	ADJ
easat-4408	100	4	differences	difference	NOUN
easat-4408	100	5	between	between	ADP
easat-4408	100	6	heuristic	heuristic	ADJ
easat-4408	100	7	bias	bias	NOUN
easat-4408	100	8	scores	score	NOUN
easat-4408	100	9	across	across	ADP
easat-4408	100	10	educational	educational	ADJ
easat-4408	100	11	levels	level	NOUN
easat-4408	100	12	,	,	PUNCT
easat-4408	100	13	indicating	indicate	VERB
easat-4408	100	14	that	that	SCONJ
easat-4408	100	15	educational	educational	ADJ
easat-4408	100	16	level	level	NOUN
easat-4408	100	17	can	can	AUX
easat-4408	100	18	influence	influence	VERB
easat-4408	100	19	cognitive	cognitive	ADJ
easat-4408	100	20	biases	bias	NOUN
easat-4408	100	21	.	.	PUNCT
easat-4408	101	1	for	for	ADP
easat-4408	101	2	individuals	individual	NOUN
easat-4408	101	3	with	with	ADP
easat-4408	101	4	a	a	DET
easat-4408	101	5	master	master	NOUN
easat-4408	101	6	's	's	PART
easat-4408	101	7	degree	degree	NOUN
easat-4408	101	8	,	,	PUNCT
easat-4408	101	9	the	the	DET
easat-4408	101	10	mean	mean	ADJ
easat-4408	101	11	availability	availability	NOUN
easat-4408	101	12	heuristic	heuristic	ADJ
easat-4408	101	13	scores	score	NOUN
easat-4408	101	14	are	be	AUX
easat-4408	101	15	1.5	1.5	NUM
easat-4408	101	16	for	for	ADP
easat-4408	101	17	women	woman	NOUN
easat-4408	101	18	and	and	CCONJ
easat-4408	101	19	approximately	approximately	ADV
easat-4408	101	20	1.43	1.43	NUM
easat-4408	101	21	for	for	ADP
easat-4408	101	22	men	man	NOUN
easat-4408	101	23	,	,	PUNCT
easat-4408	101	24	compared	compare	VERB
easat-4408	101	25	to	to	PART
easat-4408	101	26	mean	mean	VERB
easat-4408	101	27	value	value	NOUN
easat-4408	101	28	1.4	1.4	NUM
easat-4408	101	29	among	among	ADP
easat-4408	101	30	all	all	DET
easat-4408	101	31	participants	participant	NOUN
easat-4408	101	32	.	.	PUNCT
easat-4408	102	1	for	for	ADP
easat-4408	102	2	phd	phd	NOUN
easat-4408	102	3	holders	holder	NOUN
easat-4408	102	4	,	,	PUNCT
easat-4408	102	5	the	the	DET
easat-4408	102	6	mean	mean	ADJ
easat-4408	102	7	gambling	gambling	NOUN
easat-4408	102	8	delusion	delusion	NOUN
easat-4408	102	9	bias	bias	NOUN
easat-4408	102	10	scores	score	NOUN
easat-4408	102	11	were	be	AUX
easat-4408	102	12	2.5	2.5	NUM
easat-4408	102	13	for	for	ADP
easat-4408	102	14	women	woman	NOUN
easat-4408	102	15	and	and	CCONJ
easat-4408	102	16	1.75	1.75	NUM
easat-4408	102	17	for	for	ADP
easat-4408	102	18	men	man	NOUN
easat-4408	102	19	,	,	PUNCT
easat-4408	102	20	indicating	indicate	VERB
easat-4408	102	21	a	a	DET
easat-4408	102	22	greater	great	ADJ
easat-4408	102	23	tendency	tendency	NOUN
easat-4408	102	24	for	for	ADP
easat-4408	102	25	this	this	DET
easat-4408	102	26	bias	bias	NOUN
easat-4408	102	27	among	among	ADP
easat-4408	102	28	female	female	ADJ
easat-4408	102	29	phd	phd	NOUN
easat-4408	102	30	students	student	NOUN
easat-4408	102	31	than	than	ADP
easat-4408	102	32	men	man	NOUN
easat-4408	102	33	,	,	PUNCT
easat-4408	102	34	whereas	whereas	SCONJ
easat-4408	102	35	sample	sample	NOUN
easat-4408	102	36	mean	mean	NOUN
easat-4408	102	37	was	be	AUX
easat-4408	102	38	1.4	1.4	NUM
easat-4408	102	39	.	.	PUNCT
easat-4408	103	1	at	at	ADP
easat-4408	103	2	the	the	DET
easat-4408	103	3	same	same	ADJ
easat-4408	103	4	level	level	NOUN
easat-4408	103	5	of	of	ADP
easat-4408	103	6	education	education	NOUN
easat-4408	103	7	,	,	PUNCT
easat-4408	103	8	there	there	PRON
easat-4408	103	9	are	be	VERB
easat-4408	103	10	significant	significant	ADJ
easat-4408	103	11	differences	difference	NOUN
easat-4408	103	12	in	in	ADP
easat-4408	103	13	heuristic	heuristic	ADJ
easat-4408	103	14	bias	bias	NOUN
easat-4408	103	15	scores	score	NOUN
easat-4408	103	16	between	between	ADP
easat-4408	103	17	males	male	NOUN
easat-4408	103	18	and	and	CCONJ
easat-4408	103	19	females	female	NOUN
easat-4408	103	20	,	,	PUNCT
easat-4408	103	21	suggesting	suggest	VERB
easat-4408	103	22	that	that	SCONJ
easat-4408	103	23	gender	gender	NOUN
easat-4408	103	24	may	may	AUX
easat-4408	103	25	also	also	ADV
easat-4408	103	26	play	play	VERB
easat-4408	103	27	a	a	DET
easat-4408	103	28	role	role	NOUN
easat-4408	103	29	in	in	ADP
easat-4408	103	30	the	the	DET
easat-4408	103	31	perception	perception	NOUN
easat-4408	103	32	or	or	CCONJ
easat-4408	103	33	communication	communication	NOUN
easat-4408	103	34	of	of	ADP
easat-4408	103	35	bias	bias	NOUN
easat-4408	103	36	.	.	PUNCT
easat-4408	104	1	women	woman	NOUN
easat-4408	104	2	with	with	ADP
easat-4408	104	3	a	a	DET
easat-4408	104	4	master	master	NOUN
easat-4408	104	5	's	's	PART
easat-4408	104	6	degree	degree	NOUN
easat-4408	104	7	showed	show	VERB
easat-4408	104	8	more	more	ADJ
easat-4408	104	9	consistency	consistency	NOUN
easat-4408	104	10	in	in	ADP
easat-4408	104	11	their	their	PRON
easat-4408	104	12	responses	response	NOUN
easat-4408	104	13	to	to	ADP
easat-4408	104	14	the	the	DET
easat-4408	104	15	availability	availability	NOUN
easat-4408	104	16	heuristic	heuristic	NOUN
easat-4408	104	17	,	,	PUNCT
easat-4408	104	18	showing	show	VERB
easat-4408	104	19	a	a	DET
easat-4408	104	20	lower	low	ADJ
easat-4408	104	21	standard	standard	ADJ
easat-4408	104	22	deviation	deviation	NOUN
easat-4408	104	23	than	than	ADP
easat-4408	104	24	men(χ2=(3	men(χ2=(3	NOUN
easat-4408	104	25	,	,	PUNCT
easat-4408	104	26	n=117)=8.4	n=117)=8.4	X
easat-4408	104	27	,	,	PUNCT
easat-4408	104	28	p=0.03	p=0.03	ADJ
easat-4408	104	29	)	)	PUNCT
easat-4408	104	30	.	.	PUNCT
easat-4408	105	1	male	male	ADJ
easat-4408	105	2	graduate	graduate	NOUN
easat-4408	105	3	students	student	NOUN
easat-4408	105	4	showed	show	VERB
easat-4408	105	5	greater	great	ADJ
easat-4408	105	6	variability	variability	NOUN
easat-4408	105	7	in	in	ADP
easat-4408	105	8	their	their	PRON
easat-4408	105	9	responses	response	NOUN
easat-4408	105	10	to	to	ADP
easat-4408	105	11	gambling	gambling	NOUN
easat-4408	105	12	delusion	delusion	NOUN
easat-4408	105	13	bias	bias	NOUN
easat-4408	105	14	compared	compare	VERB
easat-4408	105	15	to	to	ADP
easat-4408	105	16	female	female	ADJ
easat-4408	105	17	students	student	NOUN
easat-4408	105	18	,	,	PUNCT
easat-4408	105	19	by	by	ADP
easat-4408	105	20	highlighted	highlight	VERB
easat-4408	105	21	higher	high	ADJ
easat-4408	105	22	standard	standard	ADJ
easat-4408	105	23	deviation(χ2=(3	deviation(χ2=(3	NOUN
easat-4408	105	24	,	,	PUNCT
easat-4408	105	25	n=117)=5.616	n=117)=5.616	NOUN
easat-4408	105	26	,	,	PUNCT
easat-4408	105	27	p=0.03	p=0.03	ADJ
easat-4408	105	28	)	)	PUNCT
easat-4408	105	29	.	.	PUNCT
easat-4408	106	1	specific	specific	ADJ
easat-4408	106	2	biases	bias	NOUN
easat-4408	106	3	,	,	PUNCT
easat-4408	106	4	such	such	ADJ
easat-4408	106	5	12	12	NUM
easat-4408	106	6	edelweiss	edelweiss	PROPN
easat-4408	106	7	applied	apply	VERB
easat-4408	106	8	science	science	NOUN
easat-4408	106	9	and	and	CCONJ
easat-4408	106	10	technology	technology	NOUN
easat-4408	106	11	issn	issn	PROPN
easat-4408	106	12	:	:	PUNCT
easat-4408	106	13	2576	2576	NUM
easat-4408	106	14	-	-	SYM
easat-4408	106	15	8484	8484	NUM
easat-4408	106	16	vol	vol	NOUN
easat-4408	106	17	.	.	PROPN
easat-4408	107	1	9	9	NUM
easat-4408	107	2	,	,	PUNCT
easat-4408	107	3	no	no	INTJ
easat-4408	107	4	.	.	NOUN
easat-4408	107	5	2	2	NUM
easat-4408	107	6	:	:	SYM
easat-4408	107	7	8	8	NUM
easat-4408	107	8	-	-	SYM
easat-4408	107	9	15	15	NUM
easat-4408	107	10	,	,	PUNCT
easat-4408	107	11	2025	2025	NUM
easat-4408	107	12	doi	doi	NOUN
easat-4408	107	13	:	:	PUNCT
easat-4408	107	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	107	15	©	©	PROPN
easat-4408	107	16	2025	2025	NUM
easat-4408	107	17	by	by	ADP
easat-4408	107	18	the	the	DET
easat-4408	107	19	authors	author	NOUN
easat-4408	107	20	;	;	PUNCT
easat-4408	107	21	licensee	licensee	PROPN
easat-4408	107	22	learning	learning	NOUN
easat-4408	107	23	gate	gate	NOUN
easat-4408	107	24	as	as	ADP
easat-4408	107	25	gambling	gambling	NOUN
easat-4408	107	26	delusion	delusion	NOUN
easat-4408	107	27	bias	bias	NOUN
easat-4408	107	28	and	and	CCONJ
easat-4408	107	29	confirmation	confirmation	NOUN
easat-4408	107	30	bias	bias	NOUN
easat-4408	107	31	,	,	PUNCT
easat-4408	107	32	have	have	AUX
easat-4408	107	33	shown	show	VERB
easat-4408	107	34	significant	significant	ADJ
easat-4408	107	35	differences	difference	NOUN
easat-4408	107	36	between	between	ADP
easat-4408	107	37	genders	gender	NOUN
easat-4408	107	38	at	at	ADP
easat-4408	107	39	the	the	DET
easat-4408	107	40	same	same	ADJ
easat-4408	107	41	educational	educational	ADJ
easat-4408	107	42	level	level	NOUN
easat-4408	107	43	,	,	PUNCT
easat-4408	107	44	especially	especially	ADV
easat-4408	107	45	among	among	ADP
easat-4408	107	46	those	those	PRON
easat-4408	107	47	with	with	ADP
easat-4408	107	48	a	a	DET
easat-4408	107	49	master	master	NOUN
easat-4408	107	50	's	's	PART
easat-4408	107	51	degree	degree	NOUN
easat-4408	107	52	and	and	CCONJ
easat-4408	107	53	those	those	PRON
easat-4408	107	54	with	with	ADP
easat-4408	107	55	a	a	DET
easat-4408	107	56	phd	phd	NOUN
easat-4408	107	57	.	.	PUNCT
easat-4408	108	1	in	in	ADP
easat-4408	108	2	several	several	ADJ
easat-4408	108	3	cases	case	NOUN
easat-4408	108	4	,	,	PUNCT
easat-4408	108	5	women	woman	NOUN
easat-4408	108	6	scored	score	VERB
easat-4408	108	7	higher	higher	ADV
easat-4408	108	8	on	on	ADP
easat-4408	108	9	average	average	ADJ
easat-4408	108	10	than	than	ADP
easat-4408	108	11	men	man	NOUN
easat-4408	108	12	at	at	ADP
easat-4408	108	13	the	the	DET
easat-4408	108	14	same	same	ADJ
easat-4408	108	15	educational	educational	ADJ
easat-4408	108	16	level	level	NOUN
easat-4408	108	17	,	,	PUNCT
easat-4408	108	18	particularly	particularly	ADV
easat-4408	108	19	on	on	ADP
easat-4408	108	20	confirmation	confirmation	NOUN
easat-4408	108	21	bias	bias	NOUN
easat-4408	108	22	and	and	CCONJ
easat-4408	108	23	temporary	temporary	ADJ
easat-4408	108	24	discounting	discount	VERB
easat-4408	108	25	bias	bias	NOUN
easat-4408	108	26	among	among	ADP
easat-4408	108	27	graduate	graduate	NOUN
easat-4408	108	28	students	student	NOUN
easat-4408	108	29	.	.	PUNCT
easat-4408	109	1	there	there	PRON
easat-4408	109	2	were	be	VERB
easat-4408	109	3	cases	case	NOUN
easat-4408	109	4	where	where	SCONJ
easat-4408	109	5	males	male	NOUN
easat-4408	109	6	scored	score	VERB
easat-4408	109	7	higher	higher	ADV
easat-4408	109	8	on	on	ADP
easat-4408	109	9	average	average	ADJ
easat-4408	109	10	than	than	ADP
easat-4408	109	11	females	female	NOUN
easat-4408	109	12	,	,	PUNCT
easat-4408	109	13	such	such	ADJ
easat-4408	109	14	as	as	ADP
easat-4408	109	15	on	on	ADP
easat-4408	109	16	the	the	DET
easat-4408	109	17	master	master	NOUN
easat-4408	109	18	's	's	PART
easat-4408	109	19	'	'	PUNCT
easat-4408	109	20	crowd	crowd	NOUN
easat-4408	109	21	-	-	PUNCT
easat-4408	109	22	following	follow	VERB
easat-4408	109	23	bias	bias	NOUN
easat-4408	109	24	'	'	PUNCT
easat-4408	109	25	where	where	SCONJ
easat-4408	109	26	the	the	DET
easat-4408	109	27	difference	difference	NOUN
easat-4408	109	28	was	be	AUX
easat-4408	109	29	markedly	markedly	ADV
easat-4408	109	30	negative	negative	ADJ
easat-4408	109	31	.	.	PUNCT
easat-4408	110	1	the	the	DET
easat-4408	110	2	data	data	NOUN
easat-4408	110	3	analysis	analysis	NOUN
easat-4408	110	4	of	of	ADP
easat-4408	110	5	cultural	cultural	ADJ
easat-4408	110	6	impact	impact	NOUN
easat-4408	110	7	on	on	ADP
easat-4408	110	8	biases	bias	NOUN
easat-4408	110	9	,	,	PUNCT
easat-4408	110	10	indicated	indicate	VERB
easat-4408	110	11	that	that	SCONJ
easat-4408	110	12	armenian	armenian	ADJ
easat-4408	110	13	investors	investor	NOUN
easat-4408	110	14	are	be	AUX
easat-4408	110	15	more	more	ADV
easat-4408	110	16	inclined	inclined	ADJ
easat-4408	110	17	to	to	PART
easat-4408	110	18	maintain	maintain	VERB
easat-4408	110	19	the	the	DET
easat-4408	110	20	status	status	NOUN
easat-4408	110	21	quo	quo	NOUN
easat-4408	110	22	and	and	CCONJ
easat-4408	110	23	follow	follow	VERB
easat-4408	110	24	the	the	DET
easat-4408	110	25	crowd	crowd	NOUN
easat-4408	110	26	than	than	ADP
easat-4408	110	27	the	the	DET
easat-4408	110	28	us	us	PROPN
easat-4408	110	29	participants	participant	NOUN
easat-4408	110	30	,	,	PUNCT
easat-4408	110	31	who	who	PRON
easat-4408	110	32	also	also	ADV
easat-4408	110	33	demonstrated	demonstrate	VERB
easat-4408	110	34	higher	high	ADJ
easat-4408	110	35	financial	financial	ADJ
easat-4408	110	36	literacy	literacy	NOUN
easat-4408	110	37	.	.	PUNCT
easat-4408	111	1	indicators	indicator	NOUN
easat-4408	111	2	and	and	CCONJ
easat-4408	111	3	results	result	NOUN
easat-4408	111	4	of	of	ADP
easat-4408	111	5	characteristic	characteristic	ADJ
easat-4408	111	6	statistics	statistic	NOUN
easat-4408	111	7	of	of	ADP
easat-4408	111	8	heuristic	heuristic	ADJ
easat-4408	111	9	expression	expression	NOUN
easat-4408	111	10	showed	show	VERB
easat-4408	111	11	general	general	ADJ
easat-4408	111	12	equal	equal	ADJ
easat-4408	111	13	trends	trend	NOUN
easat-4408	111	14	among	among	ADP
easat-4408	111	15	almost	almost	ADV
easat-4408	111	16	all	all	PRON
easat-4408	111	17	heuristics	heuristic	NOUN
easat-4408	111	18	,	,	PUNCT
easat-4408	111	19	but	but	CCONJ
easat-4408	111	20	status	status	NOUN
easat-4408	111	21	quo	quo	NOUN
easat-4408	111	22	and	and	CCONJ
easat-4408	111	23	crowd	crowd	NOUN
easat-4408	111	24	-	-	PUNCT
easat-4408	111	25	following	follow	VERB
easat-4408	111	26	heuristics	heuristic	NOUN
easat-4408	111	27	were	be	AUX
easat-4408	111	28	high	high	ADJ
easat-4408	111	29	among	among	ADP
easat-4408	111	30	armenian	armenian	ADJ
easat-4408	111	31	participants	participant	NOUN
easat-4408	111	32	and	and	CCONJ
easat-4408	111	33	caused	cause	VERB
easat-4408	111	34	overall	overall	ADJ
easat-4408	111	35	higher	high	ADJ
easat-4408	111	36	heuristic	heuristic	ADJ
easat-4408	111	37	expression	expression	NOUN
easat-4408	111	38	rates	rate	NOUN
easat-4408	111	39	among	among	ADP
easat-4408	111	40	ra	ra	PROPN
easat-4408	111	41	participants	participant	NOUN
easat-4408	111	42	.	.	PUNCT
easat-4408	112	1	figure	figure	VERB
easat-4408	112	2	1	1	NUM
easat-4408	112	3	.	.	PUNCT
easat-4408	113	1	overall	overall	ADJ
easat-4408	113	2	average	average	NOUN
easat-4408	113	3	of	of	ADP
easat-4408	113	4	biases	bias	NOUN
easat-4408	113	5	in	in	ADP
easat-4408	113	6	usa	usa	PROPN
easat-4408	113	7	and	and	CCONJ
easat-4408	113	8	ra	ra	PROPN
easat-4408	113	9	samples	sample	NOUN
easat-4408	113	10	.	.	PUNCT
easat-4408	114	1	the	the	DET
easat-4408	114	2	average	average	ADJ
easat-4408	114	3	values	value	NOUN
easat-4408	114	4	of	of	ADP
easat-4408	114	5	crowd	crowd	NOUN
easat-4408	114	6	-	-	PUNCT
easat-4408	114	7	following	follow	VERB
easat-4408	114	8	bias	bias	NOUN
easat-4408	114	9	are	be	AUX
easat-4408	114	10	79	79	NUM
easat-4408	114	11	in	in	ADP
easat-4408	114	12	armenia	armenia	PROPN
easat-4408	114	13	and	and	CCONJ
easat-4408	114	14	55	55	NUM
easat-4408	114	15	in	in	ADP
easat-4408	114	16	the	the	DET
easat-4408	114	17	usa	usa	PROPN
easat-4408	114	18	.	.	PUNCT
easat-4408	115	1	the	the	DET
easat-4408	115	2	mannwhitney	mannwhitney	NOUN
easat-4408	115	3	u	u	PROPN
easat-4408	115	4	shows	show	VERB
easat-4408	115	5	a	a	DET
easat-4408	115	6	significance	significance	NOUN
easat-4408	115	7	of	of	ADP
easat-4408	115	8	0.004	0.004	NUM
easat-4408	115	9	,	,	PUNCT
easat-4408	115	10	indicating	indicate	VERB
easat-4408	115	11	the	the	DET
easat-4408	115	12	significance	significance	NOUN
easat-4408	115	13	and	and	CCONJ
easat-4408	115	14	provability	provability	NOUN
easat-4408	115	15	of	of	ADP
easat-4408	115	16	this	this	DET
easat-4408	115	17	difference	difference	NOUN
easat-4408	115	18	.	.	PUNCT
easat-4408	116	1	13	13	NUM
easat-4408	116	2	edelweiss	edelweiss	PROPN
easat-4408	116	3	applied	apply	VERB
easat-4408	116	4	science	science	NOUN
easat-4408	116	5	and	and	CCONJ
easat-4408	116	6	technology	technology	NOUN
easat-4408	116	7	issn	issn	PROPN
easat-4408	116	8	:	:	PUNCT
easat-4408	116	9	2576	2576	NUM
easat-4408	116	10	-	-	SYM
easat-4408	116	11	8484	8484	NUM
easat-4408	116	12	vol	vol	NOUN
easat-4408	116	13	.	.	PROPN
easat-4408	117	1	9	9	NUM
easat-4408	117	2	,	,	PUNCT
easat-4408	117	3	no	no	INTJ
easat-4408	117	4	.	.	NOUN
easat-4408	117	5	2	2	NUM
easat-4408	117	6	:	:	SYM
easat-4408	117	7	8	8	NUM
easat-4408	117	8	-	-	SYM
easat-4408	117	9	15	15	NUM
easat-4408	117	10	,	,	PUNCT
easat-4408	117	11	2025	2025	NUM
easat-4408	117	12	doi	doi	NOUN
easat-4408	117	13	:	:	PUNCT
easat-4408	117	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	117	15	©	©	PROPN
easat-4408	117	16	2025	2025	NUM
easat-4408	117	17	by	by	ADP
easat-4408	117	18	the	the	DET
easat-4408	117	19	authors	author	NOUN
easat-4408	117	20	;	;	PUNCT
easat-4408	117	21	licensee	licensee	PROPN
easat-4408	117	22	learning	learn	VERB
easat-4408	117	23	gate	gate	NOUN
easat-4408	117	24	figure	figure	NOUN
easat-4408	117	25	2	2	NUM
easat-4408	117	26	.	.	PUNCT
easat-4408	118	1	the	the	DET
easat-4408	118	2	distribution	distribution	NOUN
easat-4408	118	3	of	of	ADP
easat-4408	118	4	biases	bias	NOUN
easat-4408	118	5	in	in	ADP
easat-4408	118	6	usa	usa	PROPN
easat-4408	118	7	and	and	CCONJ
easat-4408	118	8	ra	ra	PROPN
easat-4408	118	9	samples	sample	NOUN
easat-4408	118	10	.	.	PUNCT
easat-4408	119	1	4	4	X
easat-4408	119	2	.	.	X
easat-4408	119	3	discussion	discussion	NOUN
easat-4408	119	4	of	of	ADP
easat-4408	119	5	findings	finding	NOUN
easat-4408	119	6	our	our	PRON
easat-4408	119	7	aim	aim	NOUN
easat-4408	119	8	was	be	AUX
easat-4408	119	9	to	to	PART
easat-4408	119	10	understand	understand	VERB
easat-4408	119	11	the	the	DET
easat-4408	119	12	impact	impact	NOUN
easat-4408	119	13	of	of	ADP
easat-4408	119	14	personal	personal	ADJ
easat-4408	119	15	and	and	CCONJ
easat-4408	119	16	cognitive	cognitive	ADJ
easat-4408	119	17	factors	factor	NOUN
easat-4408	119	18	,	,	PUNCT
easat-4408	119	19	decision	decision	NOUN
easat-4408	119	20	making	make	VERB
easat-4408	119	21	stylistic	stylistic	ADJ
easat-4408	119	22	differences	difference	NOUN
easat-4408	119	23	on	on	ADP
easat-4408	119	24	investment	investment	NOUN
easat-4408	119	25	decision	decision	NOUN
easat-4408	119	26	making	make	VERB
easat-4408	119	27	in	in	ADP
easat-4408	119	28	various	various	ADJ
easat-4408	119	29	cultures	culture	NOUN
easat-4408	119	30	,	,	PUNCT
easat-4408	119	31	and	and	CCONJ
easat-4408	119	32	their	their	PRON
easat-4408	119	33	connections	connection	NOUN
easat-4408	119	34	with	with	ADP
easat-4408	119	35	universal	universal	ADJ
easat-4408	119	36	cognitive	cognitive	ADJ
easat-4408	119	37	biases	bias	NOUN
easat-4408	119	38	and	and	CCONJ
easat-4408	119	39	heuristics	heuristic	NOUN
easat-4408	119	40	.	.	PUNCT
easat-4408	120	1	due	due	ADP
easat-4408	120	2	to	to	ADP
easat-4408	120	3	the	the	DET
easat-4408	120	4	number	number	NOUN
easat-4408	120	5	and	and	CCONJ
easat-4408	120	6	variability	variability	NOUN
easat-4408	120	7	of	of	ADP
easat-4408	120	8	compared	compare	VERB
easat-4408	120	9	parameters	parameter	NOUN
easat-4408	120	10	,	,	PUNCT
easat-4408	120	11	the	the	DET
easat-4408	120	12	main	main	ADJ
easat-4408	120	13	findings	finding	NOUN
easat-4408	120	14	are	be	AUX
easat-4408	120	15	grouped	group	VERB
easat-4408	120	16	below	below	ADP
easat-4408	120	17	:	:	PUNCT
easat-4408	121	1	4.1	4.1	NUM
easat-4408	121	2	.	.	PUNCT
easat-4408	122	1	cultural	cultural	ADJ
easat-4408	122	2	determinants	determinant	NOUN
easat-4408	122	3	of	of	ADP
easat-4408	122	4	decision	decision	NOUN
easat-4408	122	5	-	-	PUNCT
easat-4408	122	6	making	make	VERB
easat-4408	122	7	biases	bias	NOUN
easat-4408	122	8	•	•	ADP
easat-4408	122	9	heuristics	heuristic	NOUN
easat-4408	122	10	and	and	CCONJ
easat-4408	122	11	biases	bias	NOUN
easat-4408	122	12	are	be	AUX
easat-4408	122	13	more	more	ADV
easat-4408	122	14	pronounced	pronounced	ADJ
easat-4408	122	15	among	among	ADP
easat-4408	122	16	armenian	armenian	ADJ
easat-4408	122	17	investors	investor	NOUN
easat-4408	122	18	compared	compare	VERB
easat-4408	122	19	to	to	ADP
easat-4408	122	20	us	us	PROPN
easat-4408	122	21	investors	investor	NOUN
easat-4408	122	22	,	,	PUNCT
easat-4408	122	23	and	and	CCONJ
easat-4408	122	24	this	this	DET
easat-4408	122	25	difference	difference	NOUN
easat-4408	122	26	is	be	AUX
easat-4408	122	27	mainly	mainly	ADV
easat-4408	122	28	due	due	ADJ
easat-4408	122	29	to	to	ADP
easat-4408	122	30	status	status	NOUN
easat-4408	122	31	quo	quo	NOUN
easat-4408	122	32	and	and	CCONJ
easat-4408	122	33	crowd	crowd	NOUN
easat-4408	122	34	-	-	PUNCT
easat-4408	122	35	following	follow	VERB
easat-4408	122	36	biases	bias	NOUN
easat-4408	122	37	.	.	PUNCT
easat-4408	123	1	•	•	NUM
easat-4408	123	2	armenian	armenian	ADJ
easat-4408	123	3	investors	investor	NOUN
easat-4408	123	4	are	be	AUX
easat-4408	123	5	less	less	ADV
easat-4408	123	6	averse	averse	ADJ
easat-4408	123	7	to	to	ADP
easat-4408	123	8	risky	risky	ADJ
easat-4408	123	9	decisions	decision	NOUN
easat-4408	123	10	,	,	PUNCT
easat-4408	123	11	and	and	CCONJ
easat-4408	123	12	with	with	ADP
easat-4408	123	13	a	a	DET
easat-4408	123	14	lower	low	ADJ
easat-4408	123	15	assessment	assessment	NOUN
easat-4408	123	16	of	of	ADP
easat-4408	123	17	financial	financial	ADJ
easat-4408	123	18	literacy	literacy	NOUN
easat-4408	123	19	,	,	PUNCT
easat-4408	123	20	still	still	ADV
easat-4408	123	21	rate	rate	VERB
easat-4408	123	22	their	their	PRON
easat-4408	123	23	knowledge	knowledge	NOUN
easat-4408	123	24	higher	high	ADJ
easat-4408	123	25	than	than	ADP
easat-4408	123	26	us	us	PROPN
easat-4408	123	27	investors	investor	NOUN
easat-4408	123	28	.	.	PUNCT
easat-4408	124	1	american	american	ADJ
easat-4408	124	2	investors	investor	NOUN
easat-4408	124	3	show	show	VERB
easat-4408	124	4	more	more	ADV
easat-4408	124	5	aggressive	aggressive	ADJ
easat-4408	124	6	behavior	behavior	NOUN
easat-4408	124	7	and	and	CCONJ
easat-4408	124	8	evaluate	evaluate	VERB
easat-4408	124	9	their	their	PRON
easat-4408	124	10	behavior	behavior	NOUN
easat-4408	124	11	more	more	ADV
easat-4408	124	12	efficiently	efficiently	ADV
easat-4408	124	13	,	,	PUNCT
easat-4408	124	14	while	while	SCONJ
easat-4408	124	15	armenian	armenian	ADJ
easat-4408	124	16	investors	investor	NOUN
easat-4408	124	17	show	show	VERB
easat-4408	124	18	more	more	ADV
easat-4408	124	19	moderately	moderately	ADV
easat-4408	124	20	nuanced	nuanced	ADJ
easat-4408	124	21	aggressive	aggressive	ADJ
easat-4408	124	22	and	and	CCONJ
easat-4408	124	23	conservative	conservative	ADJ
easat-4408	124	24	behavior	behavior	NOUN
easat-4408	124	25	.	.	PUNCT
easat-4408	125	1	this	this	PRON
easat-4408	125	2	can	can	AUX
easat-4408	125	3	be	be	AUX
easat-4408	125	4	explained	explain	VERB
easat-4408	125	5	in	in	ADP
easat-4408	125	6	part	part	NOUN
easat-4408	125	7	by	by	ADP
easat-4408	125	8	the	the	DET
easat-4408	125	9	older	old	ADJ
easat-4408	125	10	and	and	CCONJ
easat-4408	125	11	more	more	ADV
easat-4408	125	12	widespread	widespread	ADJ
easat-4408	125	13	social	social	ADJ
easat-4408	125	14	investment	investment	NOUN
easat-4408	125	15	behavior	behavior	NOUN
easat-4408	125	16	among	among	ADP
easat-4408	125	17	us	us	PROPN
easat-4408	125	18	residents	resident	NOUN
easat-4408	125	19	.	.	PUNCT
easat-4408	126	1	all	all	DET
easat-4408	126	2	residents	resident	NOUN
easat-4408	126	3	from	from	ADP
easat-4408	126	4	the	the	DET
easat-4408	126	5	age	age	NOUN
easat-4408	126	6	of	of	ADP
easat-4408	126	7	18	18	NUM
easat-4408	126	8	are	be	AUX
easat-4408	126	9	actively	actively	ADV
easat-4408	126	10	involved	involve	VERB
easat-4408	126	11	in	in	ADP
easat-4408	126	12	the	the	DET
easat-4408	126	13	creation	creation	NOUN
easat-4408	126	14	of	of	ADP
easat-4408	126	15	their	their	PRON
easat-4408	126	16	credit	credit	NOUN
easat-4408	126	17	history	history	NOUN
easat-4408	126	18	,	,	PUNCT
easat-4408	126	19	because	because	SCONJ
easat-4408	126	20	this	this	DET
easat-4408	126	21	credit	credit	NOUN
easat-4408	126	22	history	history	NOUN
easat-4408	126	23	ensures	ensure	VERB
easat-4408	126	24	making	make	VERB
easat-4408	126	25	large	large	ADJ
easat-4408	126	26	purchases	purchase	NOUN
easat-4408	126	27	under	under	ADP
easat-4408	126	28	the	the	DET
easat-4408	126	29	most	most	ADV
easat-4408	126	30	advantageous	advantageous	ADJ
easat-4408	126	31	conditions	condition	NOUN
easat-4408	126	32	;	;	PUNCT
easat-4408	126	33	in	in	ADP
easat-4408	126	34	addition	addition	NOUN
easat-4408	126	35	,	,	PUNCT
easat-4408	126	36	in	in	ADP
easat-4408	126	37	most	most	ADJ
easat-4408	126	38	workplaces	workplace	NOUN
easat-4408	126	39	,	,	PUNCT
easat-4408	126	40	pension	pension	NOUN
easat-4408	126	41	contributions	contribution	NOUN
easat-4408	126	42	are	be	AUX
easat-4408	126	43	made	make	VERB
easat-4408	126	44	by	by	ADP
easat-4408	126	45	both	both	CCONJ
easat-4408	126	46	the	the	DET
easat-4408	126	47	employer	employer	NOUN
easat-4408	126	48	and	and	CCONJ
easat-4408	126	49	the	the	DET
easat-4408	126	50	employee	employee	NOUN
easat-4408	126	51	,	,	PUNCT
easat-4408	126	52	and	and	CCONJ
easat-4408	126	53	in	in	ADP
easat-4408	126	54	many	many	ADJ
easat-4408	126	55	cases	case	NOUN
easat-4408	126	56	the	the	DET
easat-4408	126	57	employer	employer	NOUN
easat-4408	126	58	matches	match	VERB
easat-4408	126	59	the	the	DET
easat-4408	126	60	contribution	contribution	NOUN
easat-4408	126	61	of	of	ADP
easat-4408	126	62	the	the	DET
easat-4408	126	63	employee	employee	NOUN
easat-4408	126	64	,	,	PUNCT
easat-4408	126	65	which	which	PRON
easat-4408	126	66	forces	force	VERB
easat-4408	126	67	working	work	VERB
easat-4408	126	68	individuals	individual	NOUN
easat-4408	126	69	,	,	PUNCT
easat-4408	126	70	even	even	ADV
easat-4408	126	71	if	if	SCONJ
easat-4408	126	72	they	they	PRON
easat-4408	126	73	are	be	AUX
easat-4408	126	74	not	not	PART
easat-4408	126	75	involved	involve	VERB
easat-4408	126	76	in	in	ADP
easat-4408	126	77	the	the	DET
easat-4408	126	78	investment	investment	NOUN
easat-4408	126	79	activity	activity	NOUN
easat-4408	126	80	,	,	PUNCT
easat-4408	126	81	to	to	PART
easat-4408	126	82	constantly	constantly	ADV
easat-4408	126	83	monitor	monitor	VERB
easat-4408	126	84	and	and	CCONJ
easat-4408	126	85	reassess	reassess	VERB
easat-4408	126	86	their	their	PRON
easat-4408	126	87	own	own	ADJ
easat-4408	126	88	salary	salary	NOUN
easat-4408	126	89	,	,	PUNCT
easat-4408	126	90	investments	investment	NOUN
easat-4408	126	91	and	and	CCONJ
easat-4408	126	92	portfolios	portfolio	NOUN
easat-4408	126	93	.	.	PUNCT
easat-4408	127	1	4.2	4.2	NUM
easat-4408	127	2	.	.	PUNCT
easat-4408	127	3	gender	gender	NOUN
easat-4408	127	4	-	-	PUNCT
easat-4408	127	5	related	relate	VERB
easat-4408	127	6	determinants	determinant	NOUN
easat-4408	127	7	of	of	ADP
easat-4408	127	8	decision	decision	NOUN
easat-4408	127	9	-	-	PUNCT
easat-4408	127	10	making	make	VERB
easat-4408	127	11	biases	bias	NOUN
easat-4408	127	12	•	•	ADV
easat-4408	127	13	although	although	SCONJ
easat-4408	127	14	biases	bias	NOUN
easat-4408	127	15	exist	exist	VERB
easat-4408	127	16	among	among	ADP
easat-4408	127	17	both	both	CCONJ
easat-4408	127	18	female	female	ADJ
easat-4408	127	19	and	and	CCONJ
easat-4408	127	20	male	male	ADJ
easat-4408	127	21	investors	investor	NOUN
easat-4408	127	22	,	,	PUNCT
easat-4408	127	23	women	woman	NOUN
easat-4408	127	24	are	be	AUX
easat-4408	127	25	more	more	ADV
easat-4408	127	26	prone	prone	ADJ
easat-4408	127	27	to	to	ADP
easat-4408	127	28	confirmation	confirmation	NOUN
easat-4408	127	29	and	and	CCONJ
easat-4408	127	30	gambling	gambling	NOUN
easat-4408	127	31	biases	bias	NOUN
easat-4408	127	32	,	,	PUNCT
easat-4408	127	33	while	while	SCONJ
easat-4408	127	34	men	man	NOUN
easat-4408	127	35	are	be	AUX
easat-4408	127	36	more	more	ADV
easat-4408	127	37	prone	prone	ADJ
easat-4408	127	38	to	to	ADP
easat-4408	127	39	temporary	temporary	ADJ
easat-4408	127	40	discounting	discounting	NOUN
easat-4408	127	41	and	and	CCONJ
easat-4408	127	42	crowd	crowd	NOUN
easat-4408	127	43	-	-	PUNCT
easat-4408	127	44	following	follow	VERB
easat-4408	127	45	biases	bias	NOUN
easat-4408	127	46	.	.	PUNCT
easat-4408	128	1	•	•	NUM
easat-4408	128	2	stylistic	stylistic	ADJ
easat-4408	128	3	determinants	determinant	NOUN
easat-4408	128	4	of	of	ADP
easat-4408	128	5	decision	decision	NOUN
easat-4408	128	6	-	-	PUNCT
easat-4408	128	7	making	make	VERB
easat-4408	128	8	biases	bias	NOUN
easat-4408	128	9	individuals	individual	NOUN
easat-4408	128	10	exhibiting	exhibit	VERB
easat-4408	128	11	the	the	DET
easat-4408	128	12	most	most	ADV
easat-4408	128	13	aggressive	aggressive	ADJ
easat-4408	128	14	investment	investment	NOUN
easat-4408	128	15	behavior	behavior	NOUN
easat-4408	128	16	tend	tend	VERB
easat-4408	128	17	to	to	PART
easat-4408	128	18	use	use	VERB
easat-4408	128	19	confirmation	confirmation	NOUN
easat-4408	128	20	bias	bias	NOUN
easat-4408	128	21	,	,	PUNCT
easat-4408	128	22	and	and	CCONJ
easat-4408	128	23	those	those	PRON
easat-4408	128	24	with	with	ADP
easat-4408	128	25	moderately	moderately	ADV
easat-4408	128	26	aggressive	aggressive	ADJ
easat-4408	128	27	behavior	behavior	NOUN
easat-4408	128	28	tend	tend	VERB
easat-4408	128	29	to	to	PART
easat-4408	128	30	use	use	VERB
easat-4408	128	31	delusional	delusional	ADJ
easat-4408	128	32	gambling	gambling	NOUN
easat-4408	128	33	bias	bias	NOUN
easat-4408	128	34	.	.	PUNCT
easat-4408	129	1	individuals	individual	NOUN
easat-4408	129	2	with	with	ADP
easat-4408	129	3	a	a	DET
easat-4408	129	4	moderately	moderately	ADV
easat-4408	129	5	aggressive	aggressive	ADJ
easat-4408	129	6	investment	investment	NOUN
easat-4408	129	7	style	style	NOUN
easat-4408	129	8	exhibit	exhibit	VERB
easat-4408	129	9	low	low	ADJ
easat-4408	129	10	rates	rate	NOUN
easat-4408	129	11	of	of	ADP
easat-4408	129	12	irrational	irrational	ADJ
easat-4408	129	13	diversification	diversification	NOUN
easat-4408	129	14	and	and	CCONJ
easat-4408	129	15	time	time	NOUN
easat-4408	129	16	discounting	discount	VERB
easat-4408	129	17	.	.	PUNCT
easat-4408	130	1	14	14	NUM
easat-4408	130	2	edelweiss	edelweiss	PROPN
easat-4408	130	3	applied	apply	VERB
easat-4408	130	4	science	science	NOUN
easat-4408	130	5	and	and	CCONJ
easat-4408	130	6	technology	technology	NOUN
easat-4408	130	7	issn	issn	PROPN
easat-4408	130	8	:	:	PUNCT
easat-4408	130	9	2576	2576	NUM
easat-4408	130	10	-	-	SYM
easat-4408	130	11	8484	8484	NUM
easat-4408	130	12	vol	vol	NOUN
easat-4408	130	13	.	.	PROPN
easat-4408	131	1	9	9	NUM
easat-4408	131	2	,	,	PUNCT
easat-4408	131	3	no	no	INTJ
easat-4408	131	4	.	.	NOUN
easat-4408	131	5	2	2	NUM
easat-4408	131	6	:	:	SYM
easat-4408	131	7	8	8	NUM
easat-4408	131	8	-	-	SYM
easat-4408	131	9	15	15	NUM
easat-4408	131	10	,	,	PUNCT
easat-4408	131	11	2025	2025	NUM
easat-4408	131	12	doi	doi	NOUN
easat-4408	131	13	:	:	PUNCT
easat-4408	131	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	131	15	©	©	PROPN
easat-4408	131	16	2025	2025	NUM
easat-4408	131	17	by	by	ADP
easat-4408	131	18	the	the	DET
easat-4408	131	19	authors	author	NOUN
easat-4408	131	20	;	;	PUNCT
easat-4408	131	21	licensee	licensee	PROPN
easat-4408	131	22	learning	learning	NOUN
easat-4408	131	23	gate	gate	NOUN
easat-4408	131	24	4.3	4.3	NUM
easat-4408	131	25	.	.	PUNCT
easat-4408	132	1	personality	personality	NOUN
easat-4408	132	2	-	-	PUNCT
easat-4408	132	3	based	base	VERB
easat-4408	132	4	determinants	determinant	NOUN
easat-4408	132	5	of	of	ADP
easat-4408	132	6	decision	decision	NOUN
easat-4408	132	7	-	-	PUNCT
easat-4408	132	8	making	make	VERB
easat-4408	132	9	biases	bias	NOUN
easat-4408	132	10	•	•	VERB
easat-4408	132	11	representatives	representative	NOUN
easat-4408	132	12	of	of	ADP
easat-4408	132	13	the	the	DET
easat-4408	132	14	mbti	mbti	PROPN
easat-4408	132	15	typology	typology	NOUN
easat-4408	132	16	producer	producer	NOUN
easat-4408	132	17	(	(	PUNCT
easat-4408	132	18	sp	sp	NOUN
easat-4408	132	19	)	)	PUNCT
easat-4408	132	20	type	type	NOUN
easat-4408	132	21	are	be	AUX
easat-4408	132	22	most	most	ADV
easat-4408	132	23	inclined	inclined	ADJ
easat-4408	132	24	to	to	PART
easat-4408	132	25	use	use	VERB
easat-4408	132	26	heuristics	heuristic	NOUN
easat-4408	132	27	in	in	ADP
easat-4408	132	28	the	the	DET
easat-4408	132	29	decision	decision	NOUN
easat-4408	132	30	-	-	PUNCT
easat-4408	132	31	making	make	VERB
easat-4408	132	32	process	process	NOUN
easat-4408	132	33	,	,	PUNCT
easat-4408	132	34	in	in	ADP
easat-4408	132	35	particular	particular	ADJ
easat-4408	132	36	,	,	PUNCT
easat-4408	132	37	the	the	DET
easat-4408	132	38	tendency	tendency	NOUN
easat-4408	132	39	to	to	PART
easat-4408	132	40	follow	follow	VERB
easat-4408	132	41	the	the	DET
easat-4408	132	42	crowd	crowd	NOUN
easat-4408	132	43	.	.	PUNCT
easat-4408	133	1	administrator	administrator	NOUN
easat-4408	133	2	(	(	PUNCT
easat-4408	133	3	sj	sj	NOUN
easat-4408	133	4	)	)	PUNCT
easat-4408	133	5	type	type	NOUN
easat-4408	133	6	representatives	representative	NOUN
easat-4408	133	7	showed	show	VERB
easat-4408	133	8	simultaneously	simultaneously	ADV
easat-4408	133	9	the	the	DET
easat-4408	133	10	most	most	ADV
easat-4408	133	11	aggressive	aggressive	ADJ
easat-4408	133	12	and	and	CCONJ
easat-4408	133	13	the	the	DET
easat-4408	133	14	most	most	ADV
easat-4408	133	15	conservative	conservative	ADJ
easat-4408	133	16	behavior	behavior	NOUN
easat-4408	133	17	,	,	PUNCT
easat-4408	133	18	making	make	VERB
easat-4408	133	19	the	the	DET
easat-4408	133	20	behavior	behavior	NOUN
easat-4408	133	21	of	of	ADP
easat-4408	133	22	representatives	representative	NOUN
easat-4408	133	23	of	of	ADP
easat-4408	133	24	this	this	DET
easat-4408	133	25	group	group	NOUN
easat-4408	133	26	less	less	ADV
easat-4408	133	27	predictable	predictable	ADJ
easat-4408	133	28	.	.	PUNCT
easat-4408	134	1	this	this	PRON
easat-4408	134	2	is	be	AUX
easat-4408	134	3	quite	quite	DET
easat-4408	134	4	an	an	DET
easat-4408	134	5	interesting	interesting	ADJ
easat-4408	134	6	trend	trend	NOUN
easat-4408	134	7	among	among	ADP
easat-4408	134	8	sensory	sensory	ADJ
easat-4408	134	9	perceivers	perceiver	NOUN
easat-4408	134	10	as	as	SCONJ
easat-4408	134	11	opposed	oppose	VERB
easat-4408	134	12	to	to	ADP
easat-4408	134	13	intuitive	intuitive	ADJ
easat-4408	134	14	perceivers	perceiver	NOUN
easat-4408	134	15	(	(	PUNCT
easat-4408	134	16	n	n	CCONJ
easat-4408	134	17	)	)	PUNCT
easat-4408	134	18	.	.	PUNCT
easat-4408	135	1	•	•	NUM
easat-4408	135	2	no	no	DET
easat-4408	135	3	direct	direct	ADJ
easat-4408	135	4	and	and	CCONJ
easat-4408	135	5	correlational	correlational	ADJ
easat-4408	135	6	relationship	relationship	NOUN
easat-4408	135	7	was	be	AUX
easat-4408	135	8	observed	observe	VERB
easat-4408	135	9	between	between	ADP
easat-4408	135	10	investment	investment	NOUN
easat-4408	135	11	styles	style	NOUN
easat-4408	135	12	and	and	CCONJ
easat-4408	135	13	different	different	ADJ
easat-4408	135	14	groups	group	NOUN
easat-4408	135	15	of	of	ADP
easat-4408	135	16	mbti	mbti	PROPN
easat-4408	135	17	typology	typology	NOUN
easat-4408	135	18	.	.	PUNCT
easat-4408	136	1	although	although	SCONJ
easat-4408	136	2	there	there	PRON
easat-4408	136	3	are	be	VERB
easat-4408	136	4	certain	certain	ADJ
easat-4408	136	5	trends	trend	NOUN
easat-4408	136	6	,	,	PUNCT
easat-4408	136	7	it	it	PRON
easat-4408	136	8	is	be	AUX
easat-4408	136	9	not	not	PART
easat-4408	136	10	possible	possible	ADJ
easat-4408	136	11	to	to	PART
easat-4408	136	12	talk	talk	VERB
easat-4408	136	13	about	about	ADP
easat-4408	136	14	a	a	DET
easat-4408	136	15	direct	direct	ADJ
easat-4408	136	16	connection	connection	NOUN
easat-4408	136	17	based	base	VERB
easat-4408	136	18	on	on	ADP
easat-4408	136	19	the	the	DET
easat-4408	136	20	results	result	NOUN
easat-4408	136	21	of	of	ADP
easat-4408	136	22	our	our	PRON
easat-4408	136	23	research	research	NOUN
easat-4408	136	24	.	.	PUNCT
easat-4408	137	1	in	in	ADP
easat-4408	137	2	the	the	DET
easat-4408	137	3	case	case	NOUN
easat-4408	137	4	of	of	ADP
easat-4408	137	5	the	the	DET
easat-4408	137	6	expression	expression	NOUN
easat-4408	137	7	of	of	ADP
easat-4408	137	8	heuristics	heuristic	NOUN
easat-4408	137	9	,	,	PUNCT
easat-4408	137	10	trends	trend	NOUN
easat-4408	137	11	were	be	AUX
easat-4408	137	12	also	also	ADV
easat-4408	137	13	observed	observe	VERB
easat-4408	137	14	,	,	PUNCT
easat-4408	137	15	but	but	CCONJ
easat-4408	137	16	no	no	DET
easat-4408	137	17	clear	clear	ADJ
easat-4408	137	18	correlational	correlational	ADJ
easat-4408	137	19	relationship	relationship	NOUN
easat-4408	137	20	was	be	AUX
easat-4408	137	21	brought	bring	VERB
easat-4408	137	22	out	out	ADP
easat-4408	137	23	.	.	PUNCT
easat-4408	138	1	the	the	DET
easat-4408	138	2	average	average	ADJ
easat-4408	138	3	value	value	NOUN
easat-4408	138	4	of	of	ADP
easat-4408	138	5	heuristics	heuristic	NOUN
easat-4408	138	6	in	in	ADP
easat-4408	138	7	all	all	DET
easat-4408	138	8	groups	group	NOUN
easat-4408	138	9	is	be	AUX
easat-4408	138	10	almost	almost	ADV
easat-4408	138	11	equal	equal	ADJ
easat-4408	138	12	,	,	PUNCT
easat-4408	138	13	with	with	ADP
easat-4408	138	14	less	less	ADJ
easat-4408	138	15	variation	variation	NOUN
easat-4408	138	16	in	in	ADP
easat-4408	138	17	the	the	DET
easat-4408	138	18	expression	expression	NOUN
easat-4408	138	19	of	of	ADP
easat-4408	138	20	one	one	NUM
easat-4408	138	21	or	or	CCONJ
easat-4408	138	22	another	another	DET
easat-4408	138	23	heuristic	heuristic	NOUN
easat-4408	138	24	,	,	PUNCT
easat-4408	138	25	proving	prove	VERB
easat-4408	138	26	the	the	DET
easat-4408	138	27	universal	universal	ADJ
easat-4408	138	28	nature	nature	NOUN
easat-4408	138	29	of	of	ADP
easat-4408	138	30	heuristics	heuristic	NOUN
easat-4408	138	31	and	and	CCONJ
easat-4408	138	32	biases	bias	NOUN
easat-4408	138	33	.	.	PUNCT
easat-4408	139	1	•	•	NUM
easat-4408	139	2	the	the	DET
easat-4408	139	3	availability	availability	NOUN
easat-4408	139	4	heuristic	heuristic	NOUN
easat-4408	139	5	is	be	AUX
easat-4408	139	6	equally	equally	ADV
easat-4408	139	7	expressed	express	VERB
easat-4408	139	8	in	in	ADP
easat-4408	139	9	all	all	DET
easat-4408	139	10	mbti	mbti	PROPN
easat-4408	139	11	groups	group	NOUN
easat-4408	139	12	.	.	PUNCT
easat-4408	140	1	the	the	DET
easat-4408	140	2	largest	large	ADJ
easat-4408	140	3	difference	difference	NOUN
easat-4408	140	4	in	in	ADP
easat-4408	140	5	heuristics	heuristic	NOUN
easat-4408	140	6	between	between	ADP
easat-4408	140	7	groups	group	NOUN
easat-4408	140	8	was	be	AUX
easat-4408	140	9	observed	observe	VERB
easat-4408	140	10	in	in	ADP
easat-4408	140	11	measures	measure	NOUN
easat-4408	140	12	of	of	ADP
easat-4408	140	13	crowd	crowd	NOUN
easat-4408	140	14	-	-	PUNCT
easat-4408	140	15	following	follow	VERB
easat-4408	140	16	heuristics	heuristic	NOUN
easat-4408	140	17	,	,	PUNCT
easat-4408	140	18	showing	show	VERB
easat-4408	140	19	the	the	DET
easat-4408	140	20	highest	high	ADJ
easat-4408	140	21	value	value	NOUN
easat-4408	140	22	in	in	ADP
easat-4408	140	23	the	the	DET
easat-4408	140	24	producer(sp	producer(sp	ADJ
easat-4408	140	25	)	)	PUNCT
easat-4408	140	26	group	group	NOUN
easat-4408	140	27	and	and	CCONJ
easat-4408	140	28	the	the	DET
easat-4408	140	29	lowest	low	ADJ
easat-4408	140	30	among	among	ADP
easat-4408	140	31	the	the	DET
easat-4408	140	32	hands	hand	NOUN
easat-4408	140	33	-	-	PUNCT
easat-4408	140	34	on(nt	on(nt	NOUN
easat-4408	140	35	)	)	PUNCT
easat-4408	140	36	.	.	PUNCT
easat-4408	141	1	4.4	4.4	NUM
easat-4408	141	2	.	.	PUNCT
easat-4408	142	1	cognizance	cognizance	NOUN
easat-4408	142	2	and	and	CCONJ
easat-4408	142	3	financial	financial	ADJ
easat-4408	142	4	literacy	literacy	NOUN
easat-4408	142	5	determinants	determinant	NOUN
easat-4408	142	6	of	of	ADP
easat-4408	142	7	decision	decision	NOUN
easat-4408	142	8	-	-	PUNCT
easat-4408	142	9	making	make	VERB
easat-4408	142	10	biases	bias	NOUN
easat-4408	142	11	•	•	ADP
easat-4408	142	12	a	a	DET
easat-4408	142	13	moderate	moderate	ADJ
easat-4408	142	14	positive	positive	ADJ
easat-4408	142	15	correlation	correlation	NOUN
easat-4408	142	16	was	be	AUX
easat-4408	142	17	observed	observe	VERB
easat-4408	142	18	between	between	ADP
easat-4408	142	19	self	self	NOUN
easat-4408	142	20	-	-	PUNCT
easat-4408	142	21	assessment	assessment	NOUN
easat-4408	142	22	of	of	ADP
easat-4408	142	23	knowledge	knowledge	NOUN
easat-4408	142	24	and	and	CCONJ
easat-4408	142	25	tolerance	tolerance	NOUN
easat-4408	142	26	for	for	ADP
easat-4408	142	27	uncertainty	uncertainty	NOUN
easat-4408	142	28	.	.	PUNCT
easat-4408	143	1	individuals	individual	NOUN
easat-4408	143	2	who	who	PRON
easat-4408	143	3	tend	tend	VERB
easat-4408	143	4	to	to	PART
easat-4408	143	5	value	value	VERB
easat-4408	143	6	their	their	PRON
easat-4408	143	7	knowledge	knowledge	NOUN
easat-4408	143	8	of	of	ADP
easat-4408	143	9	the	the	DET
easat-4408	143	10	financial	financial	ADJ
easat-4408	143	11	sector	sector	NOUN
easat-4408	143	12	more	more	ADV
easat-4408	143	13	highly	highly	ADV
easat-4408	143	14	,	,	PUNCT
easat-4408	143	15	to	to	PART
easat-4408	143	16	understand	understand	VERB
easat-4408	143	17	the	the	DET
easat-4408	143	18	mechanisms	mechanism	NOUN
easat-4408	143	19	of	of	ADP
easat-4408	143	20	changes	change	NOUN
easat-4408	143	21	and	and	CCONJ
easat-4408	143	22	effects	effect	NOUN
easat-4408	143	23	of	of	ADP
easat-4408	143	24	financial	financial	ADJ
easat-4408	143	25	markets	market	NOUN
easat-4408	143	26	,	,	PUNCT
easat-4408	143	27	are	be	AUX
easat-4408	143	28	more	more	ADV
easat-4408	143	29	tolerant	tolerant	ADJ
easat-4408	143	30	of	of	ADP
easat-4408	143	31	uncertainty	uncertainty	NOUN
easat-4408	143	32	.	.	PUNCT
easat-4408	144	1	the	the	DET
easat-4408	144	2	knowledge	knowledge	NOUN
easat-4408	144	3	and	and	CCONJ
easat-4408	144	4	epistemic	epistemic	ADJ
easat-4408	144	5	component	component	NOUN
easat-4408	144	6	acts	act	VERB
easat-4408	144	7	as	as	ADP
easat-4408	144	8	a	a	DET
easat-4408	144	9	behavioral	behavioral	ADJ
easat-4408	144	10	regulator	regulator	NOUN
easat-4408	144	11	.	.	PUNCT
easat-4408	145	1	•	•	NUM
easat-4408	145	2	financial	financial	ADJ
easat-4408	145	3	literacy	literacy	NOUN
easat-4408	145	4	,	,	PUNCT
easat-4408	145	5	which	which	PRON
easat-4408	145	6	was	be	AUX
easat-4408	145	7	strongly	strongly	ADV
easat-4408	145	8	emphasized	emphasize	VERB
easat-4408	145	9	by	by	ADP
easat-4408	145	10	experts	expert	NOUN
easat-4408	145	11	both	both	CCONJ
easat-4408	145	12	at	at	ADP
easat-4408	145	13	the	the	DET
easat-4408	145	14	public	public	ADJ
easat-4408	145	15	and	and	CCONJ
easat-4408	145	16	individual	individual	ADJ
easat-4408	145	17	level	level	NOUN
easat-4408	145	18	,	,	PUNCT
easat-4408	145	19	as	as	SCONJ
easat-4408	145	20	if	if	SCONJ
easat-4408	145	21	it	it	PRON
easat-4408	145	22	were	be	AUX
easat-4408	145	23	a	a	DET
easat-4408	145	24	link	link	NOUN
easat-4408	145	25	between	between	ADP
easat-4408	145	26	cognitive	cognitive	ADJ
easat-4408	145	27	and	and	CCONJ
easat-4408	145	28	behavioral	behavioral	ADJ
easat-4408	145	29	manifestations	manifestation	NOUN
easat-4408	145	30	,	,	PUNCT
easat-4408	145	31	conditioning	condition	VERB
easat-4408	145	32	investment	investment	NOUN
easat-4408	145	33	behavior	behavior	NOUN
easat-4408	145	34	.	.	PUNCT
easat-4408	146	1	individuals	individual	NOUN
easat-4408	146	2	with	with	ADP
easat-4408	146	3	high	high	ADJ
easat-4408	146	4	financial	financial	ADJ
easat-4408	146	5	literacy	literacy	NOUN
easat-4408	146	6	show	show	VERB
easat-4408	146	7	a	a	DET
easat-4408	146	8	high	high	ADJ
easat-4408	146	9	tolerance	tolerance	NOUN
easat-4408	146	10	for	for	ADP
easat-4408	146	11	uncertainty	uncertainty	NOUN
easat-4408	146	12	,	,	PUNCT
easat-4408	146	13	show	show	VERB
easat-4408	146	14	more	more	ADJ
easat-4408	146	15	risk	risk	NOUN
easat-4408	146	16	-	-	PUNCT
easat-4408	146	17	averse	averse	ADJ
easat-4408	146	18	behavior	behavior	NOUN
easat-4408	146	19	,	,	PUNCT
easat-4408	146	20	are	be	AUX
easat-4408	146	21	more	more	ADV
easat-4408	146	22	critical	critical	ADJ
easat-4408	146	23	of	of	ADP
easat-4408	146	24	their	their	PRON
easat-4408	146	25	own	own	ADJ
easat-4408	146	26	behavior	behavior	NOUN
easat-4408	146	27	(	(	PUNCT
easat-4408	146	28	they	they	PRON
easat-4408	146	29	evaluate	evaluate	VERB
easat-4408	146	30	less	less	ADV
easat-4408	146	31	effectively	effectively	ADV
easat-4408	146	32	)	)	PUNCT
easat-4408	146	33	,	,	PUNCT
easat-4408	146	34	show	show	VERB
easat-4408	146	35	low	low	ADJ
easat-4408	146	36	indicators	indicator	NOUN
easat-4408	146	37	of	of	ADP
easat-4408	146	38	the	the	DET
easat-4408	146	39	availability	availability	NOUN
easat-4408	146	40	heuristic	heuristic	ADJ
easat-4408	146	41	and	and	CCONJ
easat-4408	146	42	rate	rate	NOUN
easat-4408	146	43	neglect	neglect	NOUN
easat-4408	146	44	,	,	PUNCT
easat-4408	146	45	and	and	CCONJ
easat-4408	146	46	also	also	ADV
easat-4408	146	47	tend	tend	VERB
easat-4408	146	48	to	to	PART
easat-4408	146	49	have	have	VERB
easat-4408	146	50	an	an	DET
easat-4408	146	51	aggressive	aggressive	ADJ
easat-4408	146	52	investment	investment	NOUN
easat-4408	146	53	style	style	NOUN
easat-4408	146	54	at	at	ADP
easat-4408	146	55	the	the	DET
easat-4408	146	56	same	same	ADJ
easat-4408	146	57	time	time	NOUN
easat-4408	146	58	.	.	PUNCT
easat-4408	147	1	people	people	NOUN
easat-4408	147	2	with	with	ADP
easat-4408	147	3	low	low	ADJ
easat-4408	147	4	uncertainty	uncertainty	NOUN
easat-4408	147	5	tolerance	tolerance	NOUN
easat-4408	147	6	may	may	AUX
easat-4408	147	7	be	be	AUX
easat-4408	147	8	more	more	ADV
easat-4408	147	9	prone	prone	ADJ
easat-4408	147	10	to	to	ADP
easat-4408	147	11	irrational	irrational	ADJ
easat-4408	147	12	investment	investment	NOUN
easat-4408	147	13	diversification	diversification	NOUN
easat-4408	147	14	,	,	PUNCT
easat-4408	147	15	be	be	AUX
easat-4408	147	16	larger	large	ADJ
easat-4408	147	17	,	,	PUNCT
easat-4408	147	18	or	or	CCONJ
easat-4408	147	19	rely	rely	VERB
easat-4408	147	20	more	more	ADV
easat-4408	147	21	heavily	heavily	ADV
easat-4408	147	22	on	on	ADP
easat-4408	147	23	information	information	NOUN
easat-4408	147	24	that	that	PRON
easat-4408	147	25	is	be	AUX
easat-4408	147	26	easily	easily	ADV
easat-4408	147	27	obtainable	obtainable	ADJ
easat-4408	147	28	.	.	PUNCT
easat-4408	148	1	individuals	individual	NOUN
easat-4408	148	2	with	with	ADP
easat-4408	148	3	a	a	DET
easat-4408	148	4	low	low	ADJ
easat-4408	148	5	assessment	assessment	NOUN
easat-4408	148	6	of	of	ADP
easat-4408	148	7	investment	investment	NOUN
easat-4408	148	8	efficiency	efficiency	NOUN
easat-4408	148	9	tend	tend	VERB
easat-4408	148	10	to	to	PART
easat-4408	148	11	believe	believe	VERB
easat-4408	148	12	that	that	SCONJ
easat-4408	148	13	past	past	ADJ
easat-4408	148	14	events	event	NOUN
easat-4408	148	15	influence	influence	VERB
easat-4408	148	16	future	future	ADJ
easat-4408	148	17	events	event	NOUN
easat-4408	148	18	and	and	CCONJ
easat-4408	148	19	to	to	PART
easat-4408	148	20	rely	rely	VERB
easat-4408	148	21	more	more	ADV
easat-4408	148	22	on	on	ADP
easat-4408	148	23	available	available	ADJ
easat-4408	148	24	and	and	CCONJ
easat-4408	148	25	accessible	accessible	ADJ
easat-4408	148	26	information	information	NOUN
easat-4408	148	27	.	.	PUNCT
easat-4408	149	1	5	5	X
easat-4408	149	2	.	.	X
easat-4408	149	3	conclusion	conclusion	NOUN
easat-4408	149	4	the	the	DET
easat-4408	149	5	complex	complex	ADJ
easat-4408	149	6	cognitive	cognitive	ADJ
easat-4408	149	7	process	process	NOUN
easat-4408	149	8	of	of	ADP
easat-4408	149	9	decision	decision	NOUN
easat-4408	149	10	-	-	PUNCT
easat-4408	149	11	making	making	NOUN
easat-4408	149	12	is	be	AUX
easat-4408	149	13	determind	determind	ADJ
easat-4408	149	14	by	by	ADP
easat-4408	149	15	multiple	multiple	ADJ
easat-4408	149	16	internal	internal	ADJ
easat-4408	149	17	and	and	CCONJ
easat-4408	149	18	external	external	ADJ
easat-4408	149	19	,	,	PUNCT
easat-4408	149	20	personal	personal	ADJ
easat-4408	149	21	and	and	CCONJ
easat-4408	149	22	situational	situational	ADJ
easat-4408	149	23	factors	factor	NOUN
easat-4408	149	24	and	and	CCONJ
easat-4408	149	25	investment	investment	NOUN
easat-4408	149	26	decisions	decision	NOUN
easat-4408	149	27	add	add	VERB
easat-4408	149	28	another	another	DET
easat-4408	149	29	layer	layer	NOUN
easat-4408	149	30	of	of	ADP
easat-4408	149	31	time	time	NOUN
easat-4408	149	32	-	-	PUNCT
easat-4408	149	33	contrain	contrain	ADJ
easat-4408	149	34	and	and	CCONJ
easat-4408	149	35	informational	informational	ADJ
easat-4408	149	36	limitations	limitation	NOUN
easat-4408	149	37	to	to	ADP
easat-4408	149	38	the	the	DET
easat-4408	149	39	equation	equation	NOUN
easat-4408	149	40	,	,	PUNCT
easat-4408	149	41	resulting	result	VERB
easat-4408	149	42	biased	biased	ADJ
easat-4408	149	43	decisions	decision	NOUN
easat-4408	149	44	.	.	PUNCT
easat-4408	150	1	our	our	PRON
easat-4408	150	2	study	study	NOUN
easat-4408	150	3	suggests	suggest	VERB
easat-4408	150	4	that	that	SCONJ
easat-4408	150	5	key	key	ADJ
easat-4408	150	6	behavioral	behavioral	ADJ
easat-4408	150	7	determininig	determininig	ADJ
easat-4408	150	8	factors	factor	NOUN
easat-4408	150	9	in	in	ADP
easat-4408	150	10	this	this	DET
easat-4408	150	11	elaborate	elaborate	ADJ
easat-4408	150	12	mental	mental	ADJ
easat-4408	150	13	process	process	NOUN
easat-4408	150	14	can	can	AUX
easat-4408	150	15	be	be	AUX
easat-4408	150	16	cognizance	cognizance	NOUN
easat-4408	150	17	and	and	CCONJ
easat-4408	150	18	financial	financial	ADJ
easat-4408	150	19	literacy	literacy	NOUN
easat-4408	150	20	and	and	CCONJ
easat-4408	150	21	as	as	ADP
easat-4408	150	22	a	a	DET
easat-4408	150	23	cause	cause	NOUN
easat-4408	150	24	higher	high	ADJ
easat-4408	150	25	tollerance	tollerance	NOUN
easat-4408	150	26	towards	towards	ADP
easat-4408	150	27	uncertainity	uncertainity	NOUN
easat-4408	150	28	,	,	PUNCT
easat-4408	150	29	leading	lead	VERB
easat-4408	150	30	to	to	ADP
easat-4408	150	31	debiased	debiased	ADJ
easat-4408	150	32	behavior	behavior	NOUN
easat-4408	150	33	.	.	PUNCT
easat-4408	151	1	cultural	cultural	ADJ
easat-4408	151	2	factors	factor	NOUN
easat-4408	151	3	,	,	PUNCT
easat-4408	151	4	involvment	involvment	NOUN
easat-4408	151	5	in	in	ADP
easat-4408	151	6	investing	invest	VERB
easat-4408	151	7	behavior	behavior	NOUN
easat-4408	151	8	also	also	ADV
easat-4408	151	9	determins	determin	VERB
easat-4408	151	10	the	the	DET
easat-4408	151	11	usage	usage	NOUN
easat-4408	151	12	of	of	ADP
easat-4408	151	13	specific	specific	ADJ
easat-4408	151	14	biases	bias	NOUN
easat-4408	151	15	.	.	PUNCT
easat-4408	152	1	though	though	SCONJ
easat-4408	152	2	biases	bias	NOUN
easat-4408	152	3	have	have	AUX
easat-4408	152	4	been	be	AUX
easat-4408	152	5	proven	prove	VERB
easat-4408	152	6	to	to	PART
easat-4408	152	7	be	be	AUX
easat-4408	152	8	universal	universal	ADJ
easat-4408	152	9	and	and	CCONJ
easat-4408	152	10	our	our	PRON
easat-4408	152	11	research	research	NOUN
easat-4408	152	12	as	as	ADV
easat-4408	152	13	well	well	ADV
easat-4408	152	14	show	show	VERB
easat-4408	152	15	the	the	DET
easat-4408	152	16	presence	presence	NOUN
easat-4408	152	17	of	of	ADP
easat-4408	152	18	biases	bias	NOUN
easat-4408	152	19	in	in	ADP
easat-4408	152	20	among	among	ADP
easat-4408	152	21	all	all	DET
easat-4408	152	22	participants	participant	NOUN
easat-4408	152	23	despite	despite	SCONJ
easat-4408	152	24	of	of	ADP
easat-4408	152	25	gender	gender	NOUN
easat-4408	152	26	,	,	PUNCT
easat-4408	152	27	educational	educational	ADJ
easat-4408	152	28	level	level	NOUN
easat-4408	152	29	and	and	CCONJ
easat-4408	152	30	other	other	ADJ
easat-4408	152	31	factors	factor	NOUN
easat-4408	152	32	,	,	PUNCT
easat-4408	152	33	but	but	CCONJ
easat-4408	152	34	the	the	DET
easat-4408	152	35	choice	choice	NOUN
easat-4408	152	36	of	of	ADP
easat-4408	152	37	biases	bias	NOUN
easat-4408	152	38	is	be	AUX
easat-4408	152	39	different	different	ADJ
easat-4408	152	40	depanding	depande	VERB
easat-4408	152	41	on	on	ADP
easat-4408	152	42	physcial	physcial	ADJ
easat-4408	152	43	location	location	NOUN
easat-4408	152	44	.	.	PUNCT
easat-4408	153	1	we	we	PRON
easat-4408	153	2	did	do	AUX
easat-4408	153	3	n't	not	PART
easat-4408	153	4	find	find	VERB
easat-4408	153	5	any	any	DET
easat-4408	153	6	notable	notable	ADJ
easat-4408	153	7	differences	difference	NOUN
easat-4408	153	8	in	in	ADP
easat-4408	153	9	mbti	mbti	PROPN
easat-4408	153	10	typology	typology	PROPN
easat-4408	153	11	.	.	PUNCT
easat-4408	154	1	gender	gender	NOUN
easat-4408	154	2	and	and	CCONJ
easat-4408	154	3	education	education	NOUN
easat-4408	154	4	can	can	AUX
easat-4408	154	5	also	also	ADV
easat-4408	154	6	have	have	VERB
easat-4408	154	7	impact	impact	NOUN
easat-4408	154	8	on	on	ADP
easat-4408	154	9	the	the	DET
easat-4408	154	10	biases	bias	NOUN
easat-4408	154	11	the	the	DET
easat-4408	154	12	investor	investor	NOUN
easat-4408	154	13	is	be	AUX
easat-4408	154	14	tent	tent	ADJ
easat-4408	154	15	to	to	PART
easat-4408	154	16	use	use	VERB
easat-4408	154	17	,	,	PUNCT
easat-4408	154	18	however	however	ADV
easat-4408	154	19	these	these	DET
easat-4408	154	20	connections	connection	NOUN
easat-4408	154	21	need	need	VERB
easat-4408	154	22	further	far	ADV
easat-4408	154	23	and	and	CCONJ
easat-4408	154	24	deeper	deep	ADJ
easat-4408	154	25	research	research	NOUN
easat-4408	154	26	.	.	PUNCT
easat-4408	155	1	6	6	X
easat-4408	155	2	.	.	X
easat-4408	155	3	limitations	limitation	NOUN
easat-4408	155	4	one	one	NUM
easat-4408	155	5	of	of	ADP
easat-4408	155	6	the	the	DET
easat-4408	155	7	main	main	ADJ
easat-4408	155	8	limitations	limitation	NOUN
easat-4408	155	9	is	be	AUX
easat-4408	155	10	the	the	DET
easat-4408	155	11	lack	lack	NOUN
easat-4408	155	12	of	of	ADP
easat-4408	155	13	objective	objective	ADJ
easat-4408	155	14	measures	measure	NOUN
easat-4408	155	15	of	of	ADP
easat-4408	155	16	investment	investment	NOUN
easat-4408	155	17	performance	performance	NOUN
easat-4408	155	18	and	and	CCONJ
easat-4408	155	19	the	the	DET
easat-4408	155	20	reliance	reliance	NOUN
easat-4408	155	21	on	on	ADP
easat-4408	155	22	participant	participant	NOUN
easat-4408	155	23	-	-	PUNCT
easat-4408	155	24	reported	report	VERB
easat-4408	155	25	aka	aka	ADV
easat-4408	155	26	self	self	NOUN
easat-4408	155	27	-	-	PUNCT
easat-4408	155	28	reported	report	VERB
easat-4408	155	29	information	information	NOUN
easat-4408	155	30	.	.	PUNCT
easat-4408	156	1	the	the	DET
easat-4408	156	2	only	only	ADJ
easat-4408	156	3	way	way	NOUN
easat-4408	156	4	to	to	PART
easat-4408	156	5	solve	solve	VERB
easat-4408	156	6	this	this	DET
easat-4408	156	7	problem	problem	NOUN
easat-4408	156	8	would	would	AUX
easat-4408	156	9	be	be	AUX
easat-4408	156	10	a	a	DET
easat-4408	156	11	laboratory	laboratory	NOUN
easat-4408	156	12	simulation	simulation	NOUN
easat-4408	156	13	of	of	ADP
easat-4408	156	14	the	the	DET
easat-4408	156	15	trading	trading	NOUN
easat-4408	156	16	decision	decision	NOUN
easat-4408	156	17	under	under	ADP
easat-4408	156	18	controlled	control	VERB
easat-4408	156	19	variables	variable	NOUN
easat-4408	156	20	and	and	CCONJ
easat-4408	156	21	conditions	condition	NOUN
easat-4408	156	22	,	,	PUNCT
easat-4408	156	23	but	but	CCONJ
easat-4408	156	24	15	15	NUM
easat-4408	156	25	edelweiss	edelweiss	PROPN
easat-4408	156	26	applied	apply	VERB
easat-4408	156	27	science	science	NOUN
easat-4408	156	28	and	and	CCONJ
easat-4408	156	29	technology	technology	NOUN
easat-4408	156	30	issn	issn	PROPN
easat-4408	156	31	:	:	PUNCT
easat-4408	156	32	2576	2576	NUM
easat-4408	156	33	-	-	SYM
easat-4408	156	34	8484	8484	NUM
easat-4408	156	35	vol	vol	NOUN
easat-4408	156	36	.	.	PROPN
easat-4408	157	1	9	9	NUM
easat-4408	157	2	,	,	PUNCT
easat-4408	157	3	no	no	INTJ
easat-4408	157	4	.	.	NOUN
easat-4408	157	5	2	2	NUM
easat-4408	157	6	:	:	SYM
easat-4408	157	7	8	8	NUM
easat-4408	157	8	-	-	SYM
easat-4408	157	9	15	15	NUM
easat-4408	157	10	,	,	PUNCT
easat-4408	157	11	2025	2025	NUM
easat-4408	157	12	doi	doi	NOUN
easat-4408	157	13	:	:	PUNCT
easat-4408	157	14	10.55214/25768484.v9i2.4408	10.55214/25768484.v9i2.4408	NUM
easat-4408	157	15	©	©	PROPN
easat-4408	157	16	2025	2025	NUM
easat-4408	157	17	by	by	ADP
easat-4408	157	18	the	the	DET
easat-4408	157	19	authors	author	NOUN
easat-4408	157	20	;	;	PUNCT
easat-4408	157	21	licensee	licensee	PROPN
easat-4408	157	22	learning	learning	NOUN
easat-4408	157	23	gate	gate	NOUN
easat-4408	157	24	this	this	PRON
easat-4408	157	25	was	be	AUX
easat-4408	157	26	impossible	impossible	ADJ
easat-4408	157	27	due	due	ADP
easat-4408	157	28	to	to	ADP
easat-4408	157	29	the	the	DET
easat-4408	157	30	geographical	geographical	ADJ
easat-4408	157	31	location	location	NOUN
easat-4408	157	32	of	of	ADP
easat-4408	157	33	the	the	DET
easat-4408	157	34	participants	participant	NOUN
easat-4408	157	35	.	.	PUNCT
easat-4408	158	1	another	another	DET
easat-4408	158	2	impactful	impactful	ADJ
easat-4408	158	3	limitation	limitation	NOUN
easat-4408	158	4	was	be	AUX
easat-4408	158	5	the	the	DET
easat-4408	158	6	small	small	ADJ
easat-4408	158	7	number	number	NOUN
easat-4408	158	8	of	of	ADP
easat-4408	158	9	participants	participant	NOUN
easat-4408	158	10	from	from	ADP
easat-4408	158	11	armenia	armenia	PROPN
easat-4408	158	12	compared	compare	VERB
easat-4408	158	13	to	to	ADP
easat-4408	158	14	our	our	PRON
easat-4408	158	15	initial	initial	ADJ
easat-4408	158	16	expectations	expectation	NOUN
easat-4408	158	17	.	.	PUNCT
easat-4408	159	1	this	this	PRON
easat-4408	159	2	is	be	AUX
easat-4408	159	3	partly	partly	ADV
easat-4408	159	4	due	due	ADJ
easat-4408	159	5	to	to	ADP
easat-4408	159	6	presence	presence	NOUN
easat-4408	159	7	of	of	ADP
easat-4408	159	8	an	an	DET
easat-4408	159	9	intermediary	intermediary	NOUN
easat-4408	159	10	(	(	PUNCT
easat-4408	159	11	trading	trading	NOUN
easat-4408	159	12	group	group	NOUN
easat-4408	159	13	administrators	administrator	NOUN
easat-4408	159	14	and	and	CCONJ
easat-4408	159	15	initiative	initiative	NOUN
easat-4408	159	16	managers	manager	NOUN
easat-4408	159	17	)	)	PUNCT
easat-4408	159	18	in	in	ADP
easat-4408	159	19	the	the	DET
easat-4408	159	20	search	search	NOUN
easat-4408	159	21	for	for	ADP
easat-4408	159	22	participants	participant	NOUN
easat-4408	159	23	.	.	PUNCT
easat-4408	160	1	another	another	DET
easat-4408	160	2	objective	objective	ADJ
easat-4408	160	3	limitation	limitation	NOUN
easat-4408	160	4	that	that	PRON
easat-4408	160	5	still	still	ADV
easat-4408	160	6	needs	need	VERB
easat-4408	160	7	to	to	PART
easat-4408	160	8	be	be	AUX
easat-4408	160	9	explored	explore	VERB
easat-4408	160	10	is	be	AUX
easat-4408	160	11	the	the	DET
easat-4408	160	12	problem	problem	NOUN
easat-4408	160	13	raised	raise	VERB
easat-4408	160	14	by	by	ADP
easat-4408	160	15	all	all	DET
easat-4408	160	16	interviewed	interview	VERB
easat-4408	160	17	experts	expert	NOUN
easat-4408	160	18	in	in	ADP
easat-4408	160	19	armenia	armenia	PROPN
easat-4408	160	20	,	,	PUNCT
easat-4408	160	21	and	and	CCONJ
easat-4408	160	22	that	that	PRON
easat-4408	160	23	is	be	AUX
easat-4408	160	24	the	the	DET
easat-4408	160	25	public	public	NOUN
easat-4408	160	26	's	's	PART
easat-4408	160	27	low	low	ADJ
easat-4408	160	28	financial	financial	ADJ
easat-4408	160	29	literacy	literacy	NOUN
easat-4408	160	30	and	and	CCONJ
easat-4408	160	31	stigma	stigma	NOUN
easat-4408	160	32	around	around	ADP
easat-4408	160	33	investment	investment	NOUN
easat-4408	160	34	and	and	CCONJ
easat-4408	160	35	trust	trust	NOUN
easat-4408	160	36	in	in	ADP
easat-4408	160	37	banks	bank	NOUN
easat-4408	160	38	/	/	SYM
easat-4408	160	39	investment	investment	NOUN
easat-4408	160	40	systems	system	NOUN
easat-4408	160	41	,	,	PUNCT
easat-4408	160	42	carried	carry	VERB
easat-4408	160	43	over	over	ADP
easat-4408	160	44	from	from	ADP
easat-4408	160	45	past	past	ADJ
easat-4408	160	46	economic	economic	ADJ
easat-4408	160	47	collapses	collapse	NOUN
easat-4408	160	48	.	.	PUNCT
easat-4408	161	1	transparency	transparency	NOUN
easat-4408	161	2	:	:	PUNCT
easat-4408	161	3	the	the	DET
easat-4408	161	4	authors	author	NOUN
easat-4408	161	5	confirm	confirm	VERB
easat-4408	161	6	that	that	SCONJ
easat-4408	161	7	the	the	DET
easat-4408	161	8	manuscript	manuscript	NOUN
easat-4408	161	9	is	be	AUX
easat-4408	161	10	an	an	DET
easat-4408	161	11	honest	honest	ADJ
easat-4408	161	12	,	,	PUNCT
easat-4408	161	13	accurate	accurate	ADJ
easat-4408	161	14	,	,	PUNCT
easat-4408	161	15	and	and	CCONJ
easat-4408	161	16	transparent	transparent	ADJ
easat-4408	161	17	account	account	NOUN
easat-4408	161	18	of	of	ADP
easat-4408	161	19	the	the	DET
easat-4408	161	20	study	study	NOUN
easat-4408	161	21	;	;	PUNCT
easat-4408	161	22	that	that	SCONJ
easat-4408	161	23	no	no	DET
easat-4408	161	24	vital	vital	ADJ
easat-4408	161	25	features	feature	NOUN
easat-4408	161	26	of	of	ADP
easat-4408	161	27	the	the	DET
easat-4408	161	28	study	study	NOUN
easat-4408	161	29	have	have	AUX
easat-4408	161	30	been	be	AUX
easat-4408	161	31	omitted	omit	VERB
easat-4408	161	32	;	;	PUNCT
easat-4408	161	33	and	and	CCONJ
easat-4408	161	34	that	that	SCONJ
easat-4408	161	35	any	any	DET
easat-4408	161	36	discrepancies	discrepancy	NOUN
easat-4408	161	37	from	from	ADP
easat-4408	161	38	the	the	DET
easat-4408	161	39	study	study	NOUN
easat-4408	161	40	as	as	SCONJ
easat-4408	161	41	planned	plan	VERB
easat-4408	161	42	have	have	AUX
easat-4408	161	43	been	be	AUX
easat-4408	161	44	explained	explain	VERB
easat-4408	161	45	.	.	PUNCT
easat-4408	162	1	this	this	DET
easat-4408	162	2	study	study	NOUN
easat-4408	162	3	followed	follow	VERB
easat-4408	162	4	all	all	DET
easat-4408	162	5	ethical	ethical	ADJ
easat-4408	162	6	practices	practice	NOUN
easat-4408	162	7	during	during	ADP
easat-4408	162	8	writing	writing	NOUN
easat-4408	162	9	.	.	PUNCT
easat-4408	163	1	copyright	copyright	NOUN
easat-4408	163	2	:	:	PUNCT
easat-4408	163	3	©	©	PROPN
easat-4408	163	4	2025	2025	NUM
easat-4408	163	5	by	by	ADP
easat-4408	163	6	the	the	DET
easat-4408	163	7	authors	author	NOUN
easat-4408	163	8	.	.	PUNCT
easat-4408	164	1	this	this	DET
easat-4408	164	2	open	open	ADJ
easat-4408	164	3	-	-	PUNCT
easat-4408	164	4	access	access	NOUN
easat-4408	164	5	article	article	NOUN
easat-4408	164	6	is	be	AUX
easat-4408	164	7	distributed	distribute	VERB
easat-4408	164	8	under	under	ADP
easat-4408	164	9	the	the	DET
easat-4408	164	10	terms	term	NOUN
easat-4408	164	11	and	and	CCONJ
easat-4408	164	12	conditions	condition	NOUN
easat-4408	164	13	of	of	ADP
easat-4408	164	14	the	the	DET
easat-4408	164	15	creative	creative	ADJ
easat-4408	164	16	commons	common	NOUN
easat-4408	164	17	attribution	attribution	NOUN
easat-4408	164	18	(	(	PUNCT
easat-4408	164	19	cc	cc	NOUN
easat-4408	164	20	by	by	ADP
easat-4408	164	21	)	)	PUNCT
easat-4408	164	22	license	license	NOUN
easat-4408	164	23	(	(	PUNCT
easat-4408	164	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-4408	164	25	)	)	PUNCT
easat-4408	164	26	.	.	PUNCT
easat-4408	165	1	references	reference	NOUN
easat-4408	165	2	[	[	X
easat-4408	165	3	1	1	NUM
easat-4408	165	4	]	]	PUNCT
easat-4408	165	5	m.	m.	NOUN
easat-4408	165	6	m.	m.	PROPN
easat-4408	165	7	pompian	pompian	PROPN
easat-4408	165	8	,	,	PUNCT
easat-4408	165	9	behavioral	behavioral	ADJ
easat-4408	165	10	finance	finance	NOUN
easat-4408	165	11	and	and	CCONJ
easat-4408	165	12	investor	investor	NOUN
easat-4408	165	13	types	type	NOUN
easat-4408	165	14	:	:	PUNCT
easat-4408	165	15	managing	manage	VERB
easat-4408	165	16	behavior	behavior	NOUN
easat-4408	165	17	to	to	PART
easat-4408	165	18	make	make	VERB
easat-4408	165	19	better	well	ADJ
easat-4408	165	20	investment	investment	NOUN
easat-4408	165	21	decisions	decision	NOUN
easat-4408	165	22	.	.	PUNCT
easat-4408	166	1	hoboken	hoboken	PROPN
easat-4408	166	2	,	,	PUNCT
easat-4408	166	3	nj	nj	PROPN
easat-4408	166	4	:	:	PUNCT
easat-4408	166	5	wiley	wiley	PROPN
easat-4408	166	6	,	,	PUNCT
easat-4408	166	7	2012	2012	NUM
easat-4408	166	8	.	.	PUNCT
easat-4408	167	1	[	[	X
easat-4408	167	2	2	2	X
easat-4408	167	3	]	]	PUNCT
easat-4408	167	4	s.	s.	PROPN
easat-4408	167	5	patterson	patterson	PROPN
easat-4408	167	6	,	,	PUNCT
easat-4408	167	7	dark	dark	ADJ
easat-4408	167	8	pools	pool	NOUN
easat-4408	167	9	:	:	PUNCT
easat-4408	167	10	the	the	DET
easat-4408	167	11	rise	rise	NOUN
easat-4408	167	12	of	of	ADP
easat-4408	167	13	the	the	DET
easat-4408	167	14	machine	machine	NOUN
easat-4408	167	15	traders	trader	NOUN
easat-4408	167	16	and	and	CCONJ
easat-4408	167	17	the	the	DET
easat-4408	167	18	rigging	rigging	NOUN
easat-4408	167	19	of	of	ADP
easat-4408	167	20	the	the	DET
easat-4408	167	21	u.s	u.s	PROPN
easat-4408	167	22	.	.	PROPN
easat-4408	167	23	stock	stock	NOUN
easat-4408	167	24	market	market	NOUN
easat-4408	167	25	.	.	PUNCT
easat-4408	168	1	crown	crown	NOUN
easat-4408	168	2	currency	currency	NOUN
easat-4408	168	3	,	,	PUNCT
easat-4408	168	4	2013	2013	NUM
easat-4408	168	5	.	.	PUNCT
easat-4408	169	1	[	[	X
easat-4408	169	2	3	3	NUM
easat-4408	169	3	]	]	X
easat-4408	169	4	vanguard	vanguard	NOUN
easat-4408	169	5	,	,	PUNCT
easat-4408	169	6	vanguard	vanguard	PROPN
easat-4408	169	7	's	's	PART
easat-4408	169	8	2024	2024	NUM
easat-4408	169	9	trend	trend	NOUN
easat-4408	169	10	outlook	outlook	NOUN
easat-4408	169	11	.	.	PUNCT
easat-4408	170	1	vanguard	vanguard	NOUN
easat-4408	170	2	,	,	PUNCT
easat-4408	170	3	2024	2024	NUM
easat-4408	170	4	.	.	PUNCT
easat-4408	171	1	[	[	X
easat-4408	171	2	4	4	X
easat-4408	171	3	]	]	X
easat-4408	171	4	g.	g.	PROPN
easat-4408	171	5	kaufmann	kaufmann	PROPN
easat-4408	171	6	,	,	PUNCT
easat-4408	171	7	behavioral	behavioral	ADJ
easat-4408	171	8	finance	finance	NOUN
easat-4408	171	9	:	:	PUNCT
easat-4408	171	10	how	how	SCONJ
easat-4408	171	11	psychological	psychological	ADJ
easat-4408	171	12	factors	factor	NOUN
easat-4408	171	13	can	can	AUX
easat-4408	171	14	influence	influence	VERB
easat-4408	171	15	the	the	DET
easat-4408	171	16	stock	stock	NOUN
easat-4408	171	17	market	market	NOUN
easat-4408	171	18	.	.	PUNCT
easat-4408	172	1	self	self	NOUN
easat-4408	172	2	-	-	PUNCT
easat-4408	172	3	published	publish	VERB
easat-4408	172	4	,	,	PUNCT
easat-4408	172	5	2021	2021	NUM
easat-4408	172	6	.	.	PUNCT
easat-4408	173	1	[	[	X
easat-4408	173	2	5	5	X
easat-4408	173	3	]	]	X
easat-4408	173	4	d.	d.	PROPN
easat-4408	173	5	crosby	crosby	PROPN
easat-4408	173	6	,	,	PUNCT
easat-4408	173	7	the	the	DET
easat-4408	173	8	behavioral	behavioral	ADJ
easat-4408	173	9	investor	investor	NOUN
easat-4408	173	10	.	.	PUNCT
easat-4408	174	1	harriman	harriman	PROPN
easat-4408	174	2	house	house	PROPN
easat-4408	174	3	ltd	ltd	PROPN
easat-4408	174	4	,	,	PUNCT
easat-4408	174	5	2018	2018	NUM
easat-4408	174	6	.	.	PUNCT
easat-4408	175	1	[	[	X
easat-4408	175	2	6	6	NUM
easat-4408	175	3	]	]	PUNCT
easat-4408	175	4	l.	l.	PROPN
easat-4408	175	5	f.	f.	PROPN
easat-4408	175	6	ackert	ackert	PROPN
easat-4408	175	7	and	and	CCONJ
easat-4408	175	8	r.	r.	PROPN
easat-4408	175	9	deaves	deaf	NOUN
easat-4408	175	10	,	,	PUNCT
easat-4408	175	11	behavioral	behavioral	ADJ
easat-4408	175	12	finance	finance	NOUN
easat-4408	175	13	:	:	PUNCT
easat-4408	175	14	psychology	psychology	NOUN
easat-4408	175	15	,	,	PUNCT
easat-4408	175	16	decision	decision	NOUN
easat-4408	175	17	-	-	PUNCT
easat-4408	175	18	making	making	NOUN
easat-4408	175	19	,	,	PUNCT
easat-4408	175	20	and	and	CCONJ
easat-4408	175	21	markets	market	NOUN
easat-4408	175	22	.	.	PUNCT
easat-4408	176	1	cengage	cengage	PROPN
easat-4408	176	2	learning	learning	PROPN
easat-4408	176	3	,	,	PUNCT
easat-4408	176	4	2009	2009	NUM
easat-4408	176	5	.	.	PUNCT
easat-4408	177	1	[	[	X
easat-4408	177	2	7	7	X
easat-4408	177	3	]	]	X
easat-4408	177	4	d.	d.	PROPN
easat-4408	177	5	shull	shull	PROPN
easat-4408	177	6	,	,	PUNCT
easat-4408	177	7	market	market	NOUN
easat-4408	177	8	mind	mind	NOUN
easat-4408	177	9	games	game	NOUN
easat-4408	177	10	:	:	PUNCT
easat-4408	177	11	a	a	DET
easat-4408	177	12	radical	radical	ADJ
easat-4408	177	13	psychology	psychology	NOUN
easat-4408	177	14	of	of	ADP
easat-4408	177	15	investing	investing	NOUN
easat-4408	177	16	,	,	PUNCT
easat-4408	177	17	trading	trading	NOUN
easat-4408	177	18	,	,	PUNCT
easat-4408	177	19	and	and	CCONJ
easat-4408	177	20	risk	risk	NOUN
easat-4408	177	21	.	.	PUNCT
easat-4408	178	1	mcgraw	mcgraw	PROPN
easat-4408	178	2	-	-	PUNCT
easat-4408	178	3	hill	hill	PROPN
easat-4408	178	4	,	,	PUNCT
easat-4408	178	5	2012	2012	NUM
easat-4408	178	6	.	.	PUNCT
easat-4408	179	1	[	[	X
easat-4408	179	2	8	8	NUM
easat-4408	179	3	]	]	X
easat-4408	179	4	d.	d.	PROPN
easat-4408	179	5	kahneman	kahneman	PROPN
easat-4408	179	6	,	,	PUNCT
easat-4408	179	7	p.	p.	NOUN
easat-4408	179	8	slovic	slovic	NOUN
easat-4408	179	9	,	,	PUNCT
easat-4408	179	10	and	and	CCONJ
easat-4408	179	11	a.	a.	NOUN
easat-4408	179	12	tversky	tversky	NOUN
easat-4408	179	13	,	,	PUNCT
easat-4408	179	14	judgment	judgment	NOUN
easat-4408	179	15	under	under	ADP
easat-4408	179	16	uncertainty	uncertainty	NOUN
easat-4408	179	17	:	:	PUNCT
easat-4408	179	18	heuristics	heuristic	NOUN
easat-4408	179	19	and	and	CCONJ
easat-4408	179	20	biases	bias	NOUN
easat-4408	179	21	.	.	PUNCT
easat-4408	180	1	cambridge	cambridge	PROPN
easat-4408	180	2	:	:	PUNCT
easat-4408	180	3	cambridge	cambridge	PROPN
easat-4408	180	4	university	university	PROPN
easat-4408	180	5	press	press	NOUN
easat-4408	180	6	,	,	PUNCT
easat-4408	180	7	1982	1982	NUM
easat-4408	180	8	.	.	PUNCT
easat-4408	181	1	[	[	X
easat-4408	181	2	9	9	NUM
easat-4408	181	3	]	]	PUNCT
easat-4408	181	4	t.	t.	PROPN
easat-4408	181	5	gilovich	gilovich	PROPN
easat-4408	181	6	,	,	PUNCT
easat-4408	181	7	d.	d.	PROPN
easat-4408	181	8	griffin	griffin	PROPN
easat-4408	181	9	,	,	PUNCT
easat-4408	181	10	and	and	CCONJ
easat-4408	181	11	d.	d.	PROPN
easat-4408	181	12	kahneman	kahneman	PROPN
easat-4408	181	13	,	,	PUNCT
easat-4408	181	14	heuristics	heuristic	NOUN
easat-4408	181	15	and	and	CCONJ
easat-4408	181	16	biases	bias	NOUN
easat-4408	181	17	:	:	PUNCT
easat-4408	181	18	the	the	DET
easat-4408	181	19	psychology	psychology	NOUN
easat-4408	181	20	of	of	ADP
easat-4408	181	21	intuitive	intuitive	ADJ
easat-4408	181	22	judgment	judgment	NOUN
easat-4408	181	23	.	.	PUNCT
easat-4408	182	1	cambridge	cambridge	PROPN
easat-4408	182	2	cambridge	cambridge	PROPN
easat-4408	182	3	university	university	PROPN
easat-4408	182	4	press	press	NOUN
easat-4408	182	5	,	,	PUNCT
easat-4408	182	6	2002	2002	NUM
easat-4408	182	7	.	.	PUNCT
easat-4408	183	1	[	[	X
easat-4408	183	2	10	10	NUM
easat-4408	183	3	]	]	X
easat-4408	183	4	b.	b.	PROPN
easat-4408	183	5	schwartz	schwartz	PROPN
easat-4408	183	6	,	,	PUNCT
easat-4408	183	7	the	the	DET
easat-4408	183	8	paradox	paradox	NOUN
easat-4408	183	9	of	of	ADP
easat-4408	183	10	choice	choice	NOUN
easat-4408	183	11	:	:	PUNCT
easat-4408	183	12	why	why	SCONJ
easat-4408	183	13	more	more	ADJ
easat-4408	183	14	is	be	AUX
easat-4408	183	15	less	less	ADJ
easat-4408	183	16	.	.	PUNCT
easat-4408	184	1	harper	harper	NOUN
easat-4408	184	2	perennial	perennial	PROPN
easat-4408	184	3	,	,	PUNCT
easat-4408	184	4	2004	2004	NUM
easat-4408	184	5	.	.	PUNCT
easat-4408	185	1	[	[	X
easat-4408	185	2	11	11	NUM
easat-4408	185	3	]	]	PUNCT
easat-4408	185	4	p.	p.	NOUN
easat-4408	185	5	lynch	lynch	PROPN
easat-4408	185	6	and	and	CCONJ
easat-4408	185	7	j.	j.	PROPN
easat-4408	185	8	rothchild	rothchild	PROPN
easat-4408	185	9	,	,	PUNCT
easat-4408	185	10	one	one	NUM
easat-4408	185	11	up	up	ADP
easat-4408	185	12	on	on	ADP
easat-4408	185	13	wall	wall	PROPN
easat-4408	185	14	street	street	PROPN
easat-4408	185	15	:	:	PUNCT
easat-4408	185	16	how	how	SCONJ
easat-4408	185	17	to	to	PART
easat-4408	185	18	use	use	VERB
easat-4408	185	19	what	what	PRON
easat-4408	185	20	you	you	PRON
easat-4408	185	21	already	already	ADV
easat-4408	185	22	know	know	VERB
easat-4408	185	23	to	to	PART
easat-4408	185	24	make	make	VERB
easat-4408	185	25	money	money	NOUN
easat-4408	185	26	in	in	ADP
easat-4408	185	27	the	the	DET
easat-4408	185	28	market	market	NOUN
easat-4408	185	29	.	.	PUNCT
easat-4408	186	1	new	new	PROPN
easat-4408	186	2	york	york	PROPN
easat-4408	186	3	:	:	PUNCT
easat-4408	186	4	simon	simon	PROPN
easat-4408	186	5	&	&	CCONJ
easat-4408	186	6	schuster	schuster	PROPN
easat-4408	186	7	,	,	PUNCT
easat-4408	186	8	2000	2000	NUM
easat-4408	186	9	.	.	PUNCT
easat-4408	187	1	[	[	X
easat-4408	187	2	12	12	NUM
easat-4408	187	3	]	]	PUNCT
easat-4408	187	4	a.	a.	PROPN
easat-4408	187	5	c.	c.	PROPN
easat-4408	187	6	chui	chui	PROPN
easat-4408	187	7	,	,	PUNCT
easat-4408	187	8	s.	s.	PROPN
easat-4408	187	9	titman	titman	PROPN
easat-4408	187	10	,	,	PUNCT
easat-4408	187	11	and	and	CCONJ
easat-4408	187	12	k.	k.	PROPN
easat-4408	187	13	j.	j.	PROPN
easat-4408	187	14	wei	wei	PROPN
easat-4408	187	15	,	,	PUNCT
easat-4408	187	16	"	"	PUNCT
easat-4408	187	17	individualism	individualism	NOUN
easat-4408	187	18	and	and	CCONJ
easat-4408	187	19	momentum	momentum	NOUN
easat-4408	187	20	around	around	ADP
easat-4408	187	21	the	the	DET
easat-4408	187	22	world	world	NOUN
easat-4408	187	23	,	,	PUNCT
easat-4408	187	24	"	"	PUNCT
easat-4408	187	25	the	the	DET
easat-4408	187	26	journal	journal	NOUN
easat-4408	187	27	of	of	ADP
easat-4408	187	28	finance	finance	NOUN
easat-4408	187	29	,	,	PUNCT
easat-4408	187	30	vol	vol	NOUN
easat-4408	187	31	.	.	PROPN
easat-4408	187	32	65	65	NUM
easat-4408	187	33	,	,	PUNCT
easat-4408	187	34	no	no	INTJ
easat-4408	187	35	.	.	NOUN
easat-4408	187	36	1	1	NUM
easat-4408	187	37	,	,	PUNCT
easat-4408	187	38	pp	pp	ADJ
easat-4408	187	39	.	.	PUNCT
easat-4408	188	1	361	361	NUM
easat-4408	188	2	-	-	SYM
easat-4408	188	3	392	392	NUM
easat-4408	188	4	,	,	PUNCT
easat-4408	188	5	2010	2010	NUM
easat-4408	188	6	.	.	PUNCT
easat-4408	189	1	https://doi.org/10.1111/j.1540-6261.2009.01532.x	https://doi.org/10.1111/j.1540-6261.2009.01532.x	PUNCT
easat-4408	190	1	[	[	X
easat-4408	190	2	13	13	NUM
easat-4408	190	3	]	]	PUNCT
easat-4408	190	4	s.	s.	PROPN
easat-4408	190	5	n.	n.	PROPN
easat-4408	190	6	budner	budner	PROPN
easat-4408	190	7	,	,	PUNCT
easat-4408	190	8	"	"	PUNCT
easat-4408	190	9	intolerance	intolerance	NOUN
easat-4408	190	10	of	of	ADP
easat-4408	190	11	ambiguity	ambiguity	NOUN
easat-4408	190	12	as	as	ADP
easat-4408	190	13	a	a	DET
easat-4408	190	14	personality	personality	NOUN
easat-4408	190	15	variable	variable	NOUN
easat-4408	190	16	1	1	NUM
easat-4408	190	17	,	,	PUNCT
easat-4408	190	18	"	"	PUNCT
easat-4408	190	19	journal	journal	NOUN
easat-4408	190	20	of	of	ADP
easat-4408	190	21	personality	personality	NOUN
easat-4408	190	22	,	,	PUNCT
easat-4408	190	23	vol	vol	NOUN
easat-4408	190	24	.	.	PROPN
easat-4408	190	25	30	30	NUM
easat-4408	190	26	,	,	PUNCT
easat-4408	190	27	no	no	INTJ
easat-4408	190	28	.	.	NOUN
easat-4408	190	29	1	1	NUM
easat-4408	190	30	,	,	PUNCT
easat-4408	190	31	pp	pp	ADJ
easat-4408	190	32	.	.	PUNCT
easat-4408	191	1	29	29	NUM
easat-4408	191	2	-	-	SYM
easat-4408	191	3	50	50	NUM
easat-4408	191	4	,	,	PUNCT
easat-4408	191	5	1962	1962	NUM
easat-4408	191	6	.	.	PUNCT
easat-4408	192	1	https://doi.org/10.1111/j.1467-6494.1962.tb02303.x	https://doi.org/10.1111/j.1467-6494.1962.tb02303.x	X
easat-4408	193	1	[	[	X
easat-4408	193	2	14	14	NUM
easat-4408	193	3	]	]	X
easat-4408	193	4	d.	d.	PROPN
easat-4408	193	5	keirsey	keirsey	PROPN
easat-4408	193	6	,	,	PUNCT
easat-4408	193	7	please	please	INTJ
easat-4408	193	8	understand	understand	VERB
easat-4408	193	9	me	i	PRON
easat-4408	193	10	ii	ii	NOUN
easat-4408	193	11	.	.	PUNCT
easat-4408	194	1	prometheus	prometheus	PROPN
easat-4408	194	2	nemesis	nemesis	NOUN
easat-4408	194	3	book	book	NOUN
easat-4408	194	4	company	company	NOUN
easat-4408	194	5	,	,	PUNCT
easat-4408	194	6	1998	1998	NUM
easat-4408	194	7	.	.	PUNCT
easat-4408	195	1	[	[	X
easat-4408	195	2	15	15	NUM
easat-4408	195	3	]	]	X
easat-4408	195	4	l.	l.	PROPN
easat-4408	195	5	a.	a.	PROPN
easat-4408	195	6	kramer	kramer	PROPN
easat-4408	195	7	and	and	CCONJ
easat-4408	195	8	j.	j.	PROPN
easat-4408	195	9	m.	m.	PROPN
easat-4408	195	10	weber	weber	PROPN
easat-4408	195	11	,	,	PUNCT
easat-4408	195	12	"	"	PUNCT
easat-4408	195	13	this	this	PRON
easat-4408	195	14	is	be	AUX
easat-4408	195	15	your	your	PRON
easat-4408	195	16	portfolio	portfolio	NOUN
easat-4408	195	17	on	on	ADP
easat-4408	195	18	winter	winter	NOUN
easat-4408	195	19	:	:	PUNCT
easat-4408	195	20	seasonal	seasonal	ADJ
easat-4408	195	21	affective	affective	ADJ
easat-4408	195	22	disorder	disorder	NOUN
easat-4408	195	23	and	and	CCONJ
easat-4408	195	24	risk	risk	NOUN
easat-4408	195	25	aversion	aversion	NOUN
easat-4408	195	26	in	in	ADP
easat-4408	195	27	financial	financial	ADJ
easat-4408	195	28	decision	decision	NOUN
easat-4408	195	29	making	making	NOUN
easat-4408	195	30	,	,	PUNCT
easat-4408	195	31	"	"	PUNCT
easat-4408	195	32	social	social	ADJ
easat-4408	195	33	psychological	psychological	ADJ
easat-4408	195	34	and	and	CCONJ
easat-4408	195	35	personality	personality	NOUN
easat-4408	195	36	science	science	NOUN
easat-4408	195	37	,	,	PUNCT
easat-4408	195	38	vol	vol	NOUN
easat-4408	195	39	.	.	PROPN
easat-4408	196	1	3	3	NUM
easat-4408	196	2	,	,	PUNCT
easat-4408	196	3	no	no	INTJ
easat-4408	196	4	.	.	NOUN
easat-4408	196	5	2	2	NUM
easat-4408	196	6	,	,	PUNCT
easat-4408	196	7	pp	pp	ADJ
easat-4408	196	8	.	.	PUNCT
easat-4408	197	1	193	193	NUM
easat-4408	197	2	-	-	SYM
easat-4408	197	3	199	199	NUM
easat-4408	197	4	,	,	PUNCT
easat-4408	197	5	2012	2012	NUM
easat-4408	197	6	.	.	PUNCT
easat-4408	198	1	https://doi.org/10.1177/1948550611415697	https://doi.org/10.1177/1948550611415697	PRON
easat-4408	198	2	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-4408	198	3	https://doi.org/10.1111/j.1540-6261.2009.01532.x	https://doi.org/10.1111/j.1540-6261.2009.01532.x	NOUN
easat-4408	198	4	https://doi.org/10.1111/j.1467-6494.1962.tb02303.x	https://doi.org/10.1111/j.1467-6494.1962.tb02303.x	PROPN
easat-4408	198	5	https://doi.org/10.1177/1948550611415697	https://doi.org/10.1177/1948550611415697	NOUN