International records / OpenAlex research

Cognitive Processing Tendencies and Stock Market Performance in Nigeria

This study investigates the influence of two cognitive processing tendencies— overconfidence and narrow framing—on investment decision-making among retail investors in Plateau State, Nigeria. Although extensive behavioural finance research demonstrates that investors frequently deviate from rational choice theory due to framing effects, heuristics and biased information processing empirical evidence from African frontier markets remains limited and fragmented. Using a cross-sectional survey of 250 active investors and validated psychometric scales adapted from prior behavioural finance literat…